Terms of Sales. All sales of Collateral Loans and other property of the Borrower under the provisions above in this Section 10.01 must be exclusively for Cash.
Terms of Sales. (a) The Distributor shall pay Bollore in French Francs the full invoiced price for purchases of the Product, without any set-offs, withholdings or deductions of any kind (other than amounts payable with respect to a specific invoice, the payment of which the Distributor disputes in good faith because of Defective Products covered by such invoice or an error in such invoice), not later than 45 days after the date of issuance of the xxxx of lading. Such payments shall be made by wire transfer of immediately available funds to Bollore's [**], or such other account as Bollore may designate from time to time. The Distributor shall be responsible for paying [**]. Bollore shall be responsible for [**].
Terms of Sales. Sanctuary Inspired Goods, LLC, shall be entitled to retain 30/40/50% of all proceeds from the sale of each item consigned depending on Artist Involvement Monthly (AIM) Level. Sanctuary Inspired Goods, LLC, shall submit a payment for the full amount of the sale price, less the aforementioned agreed upon 30/40/50%, to the Artist. The Artist shall be paid their portion of the proceeds, 50/60/70% of the sale price, not to include any applicable sale tax charged, on or before the 15th of the following month, for sale of their item(s) during that particular month. Percentage will depend on Artist Involvement Monthly (AIM) Level. Payments less than $10 are rolled over to the following month. Both Sanctuary Inspired Goods, LLC and the Artist agree that payments shall be made in the form of direct deposit or check. Sanctuary Inspired Goods, LLC agrees to maintain the agreed upon selling price for each item consigned and will accept nothing less unless otherwise agreed by both parties. Sanctuary Inspired Goods, LLC shall retain possession and control of the Artist’s merchandise for a minimum 365 period of days, beginning on the aforementioned agreement date. Prior to or upon delivery of the merchandise, the Artist shall provide a complete and accurate inventory list of the merchandise items that have been consigned to be sold. This list must include a description of each item, the quantity of each item, the agreed upon price of each item, and it must be signed by both the Consignor and Consignee upon acceptance. Sanctuary Inspired Goods shall only accept clean, quality merchandise in good condition. All items must be fragrance free unless approved. All consigned merchandise shall remain at the aforementioned Sanctuary Inspired Goods, LLC address and shall not be moved to another location without prior written notice to the Consignor. Any merchandise that is not sold at the end of the consignment period shall be evaluated by both Sanctuary Inspired Goods, LLC and the Artist. In the event that the Artist decides to remove their merchandise, the Artist shall assume all responsibility for retrieving and removing the unsold merchandise or arrange for the pick-up and all costs associated with said removal of merchandise within 30 days. After 30 days the merchandise will become property of Sanctuary Inspired Goods.
Terms of Sales. (a) On the date of the Existing Receivables Contribution and Sale Agreement (in the case of each Seller other than Crown (Canada)) and on the date hereof (in the case of Crown (Canada)), the Buyer does accept from each Seller, and each Seller does sell, transfer and assign to the Buyer, such Seller's right, title and interest in, to and under those Receivable Assets that are outstanding on such date. As consideration for such sale, transfer and assignment of Receivable Assets on such date, the Buyer shall pay (or cause to be paid) to each Seller on such date an amount (such Seller's "Initial Purchase Price") agreed upon prior to such date, between such Seller and the Buyer to be reasonably equivalent value for such Receivable Assets as of such date. On the date of the Existing Receivables Contribution and Sale Agreement (in the case of each Seller other than Crown (Canada)) and on the date hereof (in the case of Crown (Canada)) the Buyer shall pay to the respective Sellers as part of the total Initial Purchase Price paid to the respective Sellers the total amount which the Purchasers shall pay to the Buyer in Capital on such date under the Receivables Purchase Agreement. To the extent that such amount is not sufficient to enable the Buyer to pay the Initial Purchase Price due to any Seller or Sellers hereunder, the Buyer shall on such date pay to such Seller or Sellers the Initial Purchase Price due to such Seller or Sellers in a manner set forth in subsection (c) of this Section 2.02.
Terms of Sales. (a) The Distributor shall pay Bollore in French Francs the full invoiced price for purchases of the Product, without any set-offs, withholdings or deductions of any kind (other than amounts payable with respect to a specific invoice, the payment of which the Distributor disputes in good faith because of Defective Products covered by such invoice or an error in such invoice), not later than 45 days after the date of issuance of the xxxx of lading or, in the case of shipments of Products from the bonded warehouse pursuant to section 3(f) below, no later than 30 days after the date such Products are released from the warehouse. Such payments shall be made by wire transfer of immediately available funds to Bollore's [**], or such other account as Bollore may designate from time to time. The Distributor shall be responsible for paying [**]. Bollore shall be responsible for [**].
Terms of Sales. All sales of Collateral Obligations and other property of the Borrower under the provisions above in this Section 10.01 must be exclusively for Cash. So long as no Default or Event of Default is continuing or would result upon giving effect thereto and the application of the proceeds thereof, a sale of a Collateral Obligation that is otherwise permitted by the terms above in this Section 10.01 may be effected by the sale by the Borrower of participation interests in such Collateral Obligation, provided that no participations may be sold by the Borrower in any Revolving Collateral Loan or Delayed Drawdown Collateral Loan.
Terms of Sales. All sales of Collateral Obligations and other property of the Borrower under the provisions above in this Section 10.01 (excluding any substitution permitted pursuant to clause (vi) thereof) must be exclusively for Cash provided that so long as no Default or Event of Default is continuing or would result upon giving effect thereto and the applications thereof (unless, in the case of a Default, (1) such Default will be cured upon giving effect to such sale and the application of the proceeds thereof, (2) a Responsible Officer of the Borrower or the Collateral Manager certifies to the Facility Agent that it is in the process of curing such Default (unless it is a Default that is an Incurable Default), (3) such sale or substitution is of a Credit Risk Loan, Defaulted Loan or Equity Security or (4) the Facility Agent consents to such sale or substitution) (i) a sale of a Collateral Obligation that is otherwise permitted by the terms above in this Section 10.01 may be effected by the sale by the Borrower of participation interests in such Collateral Obligation, provided that no participations may be sold by the Borrower in any Revolving Collateral Loan or Delayed Drawdown Collateral Loan, and (ii) any sale or substitution of Collateral Obligations or other property of the Borrower to or with the Equity Owner of the Borrower may be made in Cash, as capital contributions or as substitution of assets, and in accordance with the applicable provisions of the Facility Documents.
Terms of Sales. Terms will be irrevocable letter of credit to be drawn only to GolfGear International, Inc. as per Pro-forma invoices. F.O.B. Huntington Beach, California, U.S.A.
Terms of Sales. (a) As consideration for such Transfer of Receivable Assets on the date hereof, the Buyer shall pay (or cause to be paid) to the Seller on such date an amount (the “Initial Purchase Price”) agreed upon prior to such date, between the Seller and the Buyer; provided, that the Initial Purchase Price subsequently may be reduced, on a basis to be agreed upon between the Seller and the Buyer, and such reduction reimbursed by the Seller to the Buyer in accordance with Section 2.03(b), for any Receivable which, consistent with the Credit and Collection Policy, is written off the Buyer’s or the Seller’s books as uncollectible following the date of its purchase. The amount of the Initial Purchase Price, taking into account any such reduction mechanism, shall be reasonably equivalent and fair market value for such Receivable Assets as of such date. On the date hereof, the Buyer shall pay to the Seller as part of the total Initial Purchase Price the total amount which the Purchasers shall pay to the Buyer in Capital on such date under the Canadian Receivables Purchase Agreement.
Terms of Sales. 3 3.3 Payments.................................................................................... 4 3.4 Orders...................................................................................... 4 3.5
