Excess Goods definition
Examples of Excess Goods in a sentence
If Buyer timely notifies Seller of any Nonconforming Goods or Excess Goods, Seller shall determine, in its sole discretion, whether the Goods are Nonconforming Goods or Excess Goods.
Buyer hereby grants Seller a security interest in all Goods purchased hereunder (including Goods, Nonconforming Goods and Excess Goods) and the proceeds therefrom to secure Buyer’s payment obligations under this Agreement.
Buyer shall inspect the Goods within seven days of receipt (“Inspection Period”) of the Goods and either accept or, if such Goods are Nonconforming Goods or Excess Goods, reject such Goods.
Buyer shall ship, at its expense and risk of loss, the Nonconforming Goods or Excess Goods to Seller’s facility located at Pigeon, Michigan.
Buyer will be deemed to have accepted the Goods unless it notifies Seller in writing of any Nonconforming Goods or Excess Goods during the Inspection Period and furnishes such written evidence or other documentation as required by Seller.