Estimated Shipment Date definition

Estimated Shipment Date by "Intended Effective Date of Purchase"; replace "delivery" and "Date of Installation" by "Effective Date of Purchase"; Paragraph 7 - add at the end of the first paragraph, "Assignment of the option to purchase installed Equipment at the net purchase option price under an IBM lease or rental agreement will be permitted only when Lessee submits the Supplement in sufficient time to achieve the Intended Effective Date of Purchase. The Effective Date of Purchase under this assignment shall be the later of the first day of the Quotation Month or the day on which the applicable Supplement is accepted by Lessor. If the Quotation Month expires and the purchase of Equipment is not concluded, this assignment and Lease will be null and void regarding any such Equipment and all rights, duties and obligations of Lessee and IBM will remain in accordance with the provisions of the IBM agreement under which the Equipment is currently installed."; Paragraphs 11 and 12 - delete both paragraphs; and

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Estimated Shipment Date by "Intended Effective Date of Purchase;" replace "delivery" and "Date of Installation" by "Effective Date of Purchase;" Paragraph 7 -- add at the end of the first paragraph, "Assignment of the option to purchase installed Equipment at the net purchase option price under an IBM lease or rental agreement will be permitted only when Lessee submits the Supplement in sufficient time to achieve the intended Effective Date of Purchase. The Effective Date of Purchase under this assignment shall be the later of the first day of the Quotation Month or the day on which the applicable Supplement is accepted by Lessor. If the Quotation Month expires and the purchase of Equipment is not concluded, this assignment and Lease will be null and void regarding any such Equipment and all rights, duties and obligations of Lessee and IBM will remain in accordance with the provisions of the IBM agreement under which the Equipment is currently installed;" Paragraphs 11 and 12 -- delete both paragraphs; and Paragraph 15 -- replace the entire paragraph with the following: "The Rent shall be based on the Lease Rate specified in the Supplement or such greater Lease Rate as may be specified by written notice to Lessee more than one month before the Effective Date of Purchase. The Unit Purchase Price is subject to change in accordance with the referenced Purchase Agreement. Lessee may terminate the Lease for any item subject to an increase by giving Lessor written notice on or before the Effective Date of Purchase."

Estimated Shipment Date means the delivery date for Equipment, Programs, Program Packages and or Software the subject of a lease.

Examples of Estimated Shipment Date in a sentence

• If the Equipment or licensed program materials are not delivered to the Equipment Location on or before the 15th day after the Estimated Shipment Date, Lessor may, upon written notice to Lessee, increase the Lease Rate.

• Unless modified pursuant to Paragraph 12, the Rent shall be based on the Lease Rate specified in the Supplement or such greater Lease Rate as may be specified by written notice to Lessee more than one month before the Estimated Shipment Date or Effective Date for Additional License.

• Any change will apply on the effective date specified in the notice to Leases which have an Estimated Shipment Date, or Effective Date for Additional License, one month or more after the date of notice.

• The Lease Rate, and the Payments to be made during the Term are based on the assumption that IBM Equipment, Programs, and Program Packages are installed within 60 days of the Estimated Shipment Date referenced herein.

• The Lessee shall designate the ship-to address in the Republic of Ireland no later than three months prior to the Estimated Shipment Date, or by the date the Supplement is accepted by the Lessor, whichever is later.

• Unless modified pursuant to Paragraph 12, the rent shall be based on the Lease Rate specified in the Supplement or such greater Lease Rate as may be specified by written notice to Lessee more than one month before the Estimated Shipment Date or Effective Date for Additional License.

• DMG MORI shall exert its best efforts to cause the Equipment to be shipped by the Estimated Shipment Date and effect Delivery by the Estimated Delivery Date (being a date which DMG MORI will notify the Buyer as soon as practicable once the Equipment are available for Delivery).

• Buyer acknowledges that the Estimated Shipment Date is an estimate only and the date of shipment may vary based on certain unforeseen delays in the manufacturing process.

• If the Equipment or licensed program materials are not delivered to the Equipment Location on or before the 5th day after the Estimated Shipment Date, Lessor may, upon written notice to Lessee, increase the Lease Rate.

• Any reference to "Estimated Shipment Date" shall mean "Estimated Commencement Date".

More Definitions of Estimated Shipment Date

Estimated Shipment Date means "Estimated Commencement Date". The Rent Commencement Date shall be the date Lessee designates on the COA. Any terms and conditions applicable to Option B shall also apply to Options B+ and L. Lessee shall return the equipment in good condition and working order, wear and tear excepted and qualified for the manufacturer's approved maintenance service. Should Lessee elect to alter or modify the Equipment, any Lessor-owned Parts that Lessee removes shall remain Lessor's property and Lessee is not permitted to make such Parts available for sale, transfer, exchange or other disposition without Lessor's prior written consent. If Lessor consents to a disposition of the removed Parts, the restoration must be with parts Lessor owns or supplies, or those supplied by a source approved by Lessor.

Estimated Shipment Date with "Estimate Commencement". 5. Replace all occurrences of "License Agreement" with "license agreement". 6. Paragraph 1 - Options - delete the last sentence.

Estimated Shipment Date means the date stated on the Sales Order in the column labeled “Est. Ship Date.” The Estimated Shipment Date is ADS’s estimate, based on Supplier lead times and market conditions, of when Buyer can expect ADS to make the Products available for shipment to Buyer or its Customer or to complete the Services. Unless specifically stated otherwise on the Purchase Order, early delivery is authorized.