RETURN OF GOODS definition

RETURN OF GOODS. When responsibility for the return lies with the Buyer, e.g. ordered in error, excess stock, discontinuance of product use, change in product specifications, etc. and unrelated to any Seller performance, and the return is authorized by Seller, credit will be issued after receipt and approval of the quality of the goods, less a restocking charge of 25% or at Seller’s discretion. Should Buyer be in default in payment of any accounts with Seller, Seller is entitled, at its option, to apply Buyer’s credit or refund to reduce the balance of those accounts. Products returned requiring reconditioning expense will be assessed to the Buyer's account. Buyer must return product within six (6) months of delivery. Where responsibility for the return is determined to be with Seller, e.g. product did not meet specifications, wrong goods shipped, etc.; Buyer’s sole and exclusive remedy shall be repair or replacement of the part or product or, at the discretion of the Seller, credit will be issued upon receipt, inspection and approval for credit by Seller. Buyer agrees that replacement or refund shall be in lieu of all other remedies at law or in equity, including but not limited to the right of indemnity. Returned goods shall be protected from damage while in Buyer's possession. Except for will call sales, transportation in both directions is at Buyer's expense. Under all circumstances return may be made only with Seller's approval and immediately after Seller's authorization.
Sample 1
RETURN OF GOODS. When responsibility for the return lies with the Buyer, e.g. ordered in error, excess stock, discontinuance of product use, change in product specifications, etc. and unrelated to any Seller performance, and the return is authorized by Seller, credit will be issued after receipt and approval of the quality of the goods, less a restocking charge of 25% or at Seller’s discretion. Should Buyer be in default in payment of any accounts with Seller, Seller is entitled, at its option, to apply Buyer’s credit or refund to reduce the balance of those accounts. Products returned requiring reconditioning expense will be assessed to the Buyer's account. Buyer must return product within six (6) months of delivery. Where responsibility for the return is determined to be with Seller, e.g. product did not meet specifications, wrong goods shipped, etc.; credit will be issued upon receipt, inspection and approval for credit by Seller. Returned goods shall be protected from damage while in Buyer's possession. Except for will call sales, transportation in both directions is at Seller's expense. Under all circumstances return may be made only with Seller's approval and all returns must be made immediately after Seller's authorization.
Sample 1

Examples of RETURN OF GOODS in a sentence

  • A RETURN OF GOODS COVERED BY THIS SECTION SHALL BE DEEMED A PARTIAL TERMINATION FOR CONVENIENCE AS TO THE RETURNED GOODS, AND OTHER CONTRACT PROVISIONS AND PRINCIPLES APPLICABLE TO A PARTIAL TERMINATION FOR CONVENIENCE SHALL APPLY.

  • RETURN OF GOODS The contract does not relate to the sale of goods so this provision is not applicable.

  • ANY PURCHASE ORDER PLACED, USING A DOCUMENT OTHER THAN THE ADM-0523, WILL NOT BE A VALID PURCHASE ORDER AND MAY RESULT IN DENIAL OF PAYMENT AND RETURN OF GOODS AT THE CONTRACTOR'S OR RESELLER’S EXPENSE.

  • THESE POLICIES SET FORTH YOUR SOLE AND EXCLUSIVE RIGHTS WITH RESPECT TO RETURN OF GOODS THAT YOU MAY PURCHASE THROUGH OUR SITE.

  • CDI Holders should please consult with their stockbroker or other intermediary to confirm voting instruction deadlines.CDI Holders will be required to use the EUI proxy voting service facilitated by the Broadridge Global Proxy Voting service in order to receive meeting announcements and send back voting instructions, as required.

  • FINANCE FINANCE CHARGE OF 1.5% PER MONTH (18% YR) CHARGED ON PAST DUE ACCOUNTS RETURN OF GOODS All products produced by Seller are custom manufactured for each purchase order and may not be returned without express written authorization by the Seller.

  • RETURN OF GOODS The contract does not relate to the sale of goods, so this provision is not applicable.

  • RETURN OF GOODS: Conditions precedent to the Company’s liability under sub clauses 10.03; 10.03.01; 10.03.02; 10.03.03; 10.03.04; 10.03.05; shall be made subject to the Buyer obtaining a valid RETURNS AUTHORISATION NUMBER in accordance with the terms and conditions of the RETURN OF GOODS POLICY of the Company.

  • CANCELLATION; RETURN OF GOODS An order may not be cancelled or suspended without the prior written consent of the Company on terms to be mutually agreed.Orders for ‘specials’ (i.e. non-catalogued items) may only be cancelled on payment of a charge equal to the cost of work already carried out.

  • AFTER WRITTEN NOTICE, AND PURCHAS- ERS RETURN OF GOODS PROVEN DEFECTIVE TO SELLER, SELLER WILL REPLACE THE DEFECTIVE GOODS OR, IN SELLERS SOLE DISCRETION, REFUND THE PURCHASE PRICE OF SUCH PORTION OF THE GOODS AS ARE RENDERED UNUSABLE AS A RESULT OF SUCH DEFECT.

Related to RETURN OF GOODS

  • Supply of goods means the transfer of the right to dispose of tangible property as owner.

  • Cost of Goods means the fully burdened cost to manufacture Compound or Drug Product, as applicable, (the “Supplied Product”) which means: (a) [ * ]; and (b) in the case of [ * ]. Actual unit costs shall consist of [ * ].

  • Cost of Goods Sold means [ * ].

  • Code of Good Practice means the generic codes or the sector codes as the case may be;

  • continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notification, specify;

  • Year 2000 Issues means anticipated costs, problems and uncertainties associated with the inability of certain computer applications to effectively handle data including dates on and after January 1, 2000, as such inability affects the business, operations and financial condition of the Borrower and its Subsidiaries and of the Borrower's and its Subsidiaries' material customers, suppliers and vendors.

  • Counterfeit Goods are Goods that are or contain items misrepresented as having been designed, produced, and/or sold by an authorized manufacturer and seller, including without limitation unauthorized copies, replicas, or substitutes. The term also includes authorized Goods that have reached a design life limit or have been damaged beyond possible repair, but are altered and misrepresented as acceptable. Seller shall ensure that Counterfeit Goods are not delivered to Buyer. Goods delivered to Buyer or incorporated into other Goods and delivered to Buyer shall be new and shall be procured directly from the Original Component Manufacturer (OCM)/Original Equipment Manufacturer (OEM), or through an OCM/OEM authorized distributor chain. Work shall not be acquired from independent distributors or brokers unless approved in advance in writing by Buyer. When requested by Buyer, Seller shall provide OCM/OEM documentation that authenticates traceability of the affected items to the applicable OCM/OEM. In the event that Work delivered under this Agreement constitutes or includes Counterfeit Goods, Seller shall, at its expense, promptly replace such Counterfeit Goods with authentic Goods conforming to the requirements of this Agreement. Notwithstanding any other provision in this Agreement, Seller shall be liable for all costs relating to the removal and replacement of Counterfeit Goods, including without limitation Buyer’s costs of removing Counterfeit Goods, of reinserting replacement Goods, and of any testing necessitated by the reinstallation of Goods after Counterfeit Goods have been exchanged. Seller shall include equivalent provisions in lower tier subcontracts for the delivery of items that will be included in or furnished as Goods to Buyer.

  • international application means an application filed under this Treaty;

  • Council of governments means a decision-making body in each county composed of membership including the county governing body and the mayors of each municipality in the county.

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Non-Regulatory Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of starts or available run hours resulting from (i) the physical equipment limitations of the unit, for up to one year, due to original equipment manufacturer recommendations or insurance carrier restrictions, (ii) a fuel supply limitation, for up to one year, resulting from an event of Catastrophic Force Majeure; and,

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • counterfeit trademark goods means any goods, including packaging, bearing without authorization a trademark which is identical to the trademark validly registered in respect of such goods, or which cannot be distinguished in its essential aspects from such a trademark, and which thereby infringes the rights of the owner of the trademark in question under the law of the country of importation;

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Tariff period means the period for which tariff is to be determined by the Commission on the basis of norms specified under these Regulations;

  • Combined state and local revenue per membership pupil means the district’s combined state and local revenue divided by the district’s membership excluding special education pupils.

  • Central Bank UCITS Regulations means the Central Bank (Supervision and Enforcement)

  • StarCompliance Code of Ethics application means the web-based application used to electronically pre-clear personal securities transactions and file many of the reports required herein. The application can be accessed via the AB network at: https://alliance-ng.starcompliance.com/.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • SAP Application(s) means all Packages (i.e. all Software and Third Party Software) licensed under the Agreement and/or SAP cloud services for which Customer has a valid subscription, excluding User Interfaces for ERP, SAP Technology Solutions and all database Packages.

  • Council of Governors means the council of governors of the corporation; “declaration of identity” has the meaning set out in rule 21.1;

  • Level of Government means the national and county level of government;

  • Central Bank Regulations means the Central Bank (Supervision and Enforcement) Act 2013

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Xxxxxxx Group means (a) any member of the Xxxxxxx Family and (b) any Related Person of any such member.