Consignment Stock Clause Samples

Consignment Stock. CONSIGNEE shall use commercially reasonable efforts to ensure that it always maintains sufficient consignment stock in accordance with section 3.2. to accommodate the expected demand for Products, but, at a maximum, two (2) months of the total yearly expected purchases of the Products (the “Consignment Stock”).

Consignment Stock. From time to time the Vendor and the Purchaser may agree that Products may be supplied by the Vendor to the Purchaser on a consignment basis provided that ownership of such Products will remain vested in the Vendor until such time as the Purchaser has sold those Products to a third party on an arm’s length basis. Any agreement under this clause will include the price for the Products that the Vendor will accept from the Purchaser upon the Purchaser selling the goods to a third party.

Consignment Stock. 11.1 The Supplier shall consider the possibil ities of providing consignment stock at the location of the Member or at the Suppliers nominated agents (where applicable) on conducting an evaluation of the situation. The Supplier would consider factors such as security, economic viability and logistics before agreeing. 11.2 Title will vest with the Supplier in such Goods until an authorised order is received. 11.3 The risk in the consignment stock will vest with the party at which the Goods are located.

Consignment Stock. Where indicated on the face of an Order or otherwise agreed between Buyer and Seller that Goods shall be delivered and managed under a consignment stock arrangement, transfer of title to Goods shall occur upon Buyer’s withdrawal of Goods from the designated consigned inventory area (“Consigned Inventory Area”). Buyer shall be under no obligation to withdraw Goods from the Consigned Inventory Area and may return unused Goods stored within the Consigned Inventory Area at any time without penalty or liability. Buyer shall submit a report of the withdrawn Goods and Seller shall issue the relevant invoice on the basis of this report.

Consignment Stock. 5.4.1 All Consignment Stock is the exclusive property of COMPANY, and MANUFACTURER shall hold Consignment Stock in trust for COMPANY. Title to each item of Consignment Stock shall remain in COMPANY until (a) MANUFACTURER withdraws such item from Consignment Stock to use in manufacturing Products or (b) MANUFACTURER returns such item of Consignment Stock to COMPANY at COMPANY’S request. 5.4.2 MANUFACTURER may only withdraw Components and/or Sub-Assemblies from Consignment Stock for incorporation into Products or to return to COMPANY at COMPANY’s request. MANUFACTURER shall use those Components or Sub-Assemblies that have been stocked for the longest period of time in order to avoid deterioration and obsolescence of the Consignment Stock. 5.4.3 If there is any Consignment Stock, then MANUFACTURER will use such Consignment Stock which is relevant to fulfill new POs before MANUFACTURER uses other Components or Sub-Assemblies. MANUFACTURER will issue a credit note to COMPANY for any Consignment Stock used in manufacturing Product at the same price that COMPANY paid for such Consignment Stock. 5.4.4 MANUFACTURER will use all reasonable efforts to prevent any loss of, damage to or destruction of the Consignment Stock, including but not limited to damage to or destruction thereof due to fire, water, casualty or theft. 5.4.5 MANUFACTURER shall be responsible for the safe and orderly storage of the Consignment Stock at it’s facility separate from any other products in a manner reasonably satisfactory to COMPANY. MANUFACTURER will take such reasonable actions as may be necessary to show at all times that the Consignment Stock is the property of COMPANY, and MANUFACTURER will provide and display signs evidencing COMPANY’s ownership at the places designated by COMPANY. MANUFACTURER shall make appropriate entries in its books showing that the same is held for the account of COMPANY. 5.4.6 MANUFACTURER shall keep accurate records concerning the receipt, storage and shipment of Consignment Stock. Upon reasonable advance notice and during normal business hours, COMPANY may examine and make copies of any of MANUFACTURER’s records, reports, files or books maintained in connection with Consignment Stock. Upon reasonable advance notice and during normal business hours, COMPANY’S representatives may enter the MANUFACTURER’s facility for the purpose of inspecting Consignment Stock or taking inventory of Consignment Stock and reconciling this inventory with MANUFACTURER’s invento...

Consignment Stock. This type of transaction involves the transfer of a stock of metal to another country, with no change in legal title. The stock is then sold by or on behalf of the owner.

Consignment Stock. All BX7 supplied to Supplier by Adolor is supplied as consignment stock and shall be clearly identified as the property of Adolor, shall be kept segregated and maintained in the Facility, and shall at all times be owned by Adolor.

Consignment Stock. All API Compound supplied to PII by Adolor is supplied as consignment stock and shall be clearly identified as the property of Adolor, shall be kept segregated and maintained in the Facility, and shall at all times be owned by Adolor.

Consignment Stock. 6.1 BOPHELO shall be responsible for the DELIVERY of the CONTRACTUAL PRODUCTS . BOPHELO shall not pay for taxes and duties for the importation. 6.2 CANTOURAGE shall inform BOPHELO in due course whenever the quantity of CONTRACTUAL PRODUCTS and END PRODUCTS stored in the CONSIGNMENT STOCK falls below the MINIMUM QUANTITY. 6.3 CANTOURAGE shall provide to BOPHELO a FORECAST for the period beginning on 1 January 2022 or beginning no later then three weeks of recieving the expansion of the narcotics license which ever is the later. No later than ten (10) days prior to the first day of each subsequent calendar quarter, CANTOURAGE shall deliver to BOPHELO a FORECAST for the period beginning with the first day of such calendar quarter. FORECASTS are subject to RAP PLUS SERVICES and for informational purposes only. They do not create any binding obligations on behalf of either PARTY; provided, however, that BOPHELO shall not be required to manufacture and sell to CANTOURAGE any quantity of CONTRACTUAL PRODUCTS that is unreasonably disproportionate to any FORECAST for the period covered by such FORECAST. 6.4 Upon expiration or termination of this AGREEMENT without cause, CANTOURAGE shall destroy and dispose all remaining CONTRACTUAL PRODUCTS and END PRODUCTS from the CONSIGNMENT STOCK. BOPHELO shall bear all reasonable costs and expense incurred by CANTOURAGE for the distruction or disposal up to a maximum amount equaling an average cost of EUR 0,20 per gram. For each destroyed and disposed END PRODUCT, BOPHELO shall pay to CANTOURAGE the difference between the agreed PURCHASE PRICE and the AVERAGE SELLING PRICE plus statutory value added tax (if applicable). 6.5 Upon termination of this AGREEMENT for cause, CANTOURAGE shall destroy and dispose all remaining CONTRACTUAL PRODUCTS and END PRODUCTS from the CONSIGNMENT STOCK at costs and expense of CANTOURAGE. For each detroyed and disposed END PRODUCT, BOPHELO shall pay to CANTOURAGE only the costs of REFINEMENT.