Disposition of Rejected Products. If CORVIS rejects any Product, -------------------------------- CORVIS shall have the right to either: (1) return the rejected Product to VENDOR for credit, refund, or replacement; or (2) accept the material as a substandard grade product with an appropriate reduction in price. If CORVIS requests replacement of a Product, VENDOR shall promptly ship the replacement Product.
Appears in 2 contracts
Sources: Purchase Agreement (Cidra Corp), Purchase Agreement (Cidra Corp)
Disposition of Rejected Products. If CORVIS rejects any Product, -------------------------------- CORVIS shall have the right to eitherto:
(1) return the rejected Product to VENDOR for credit, refund, repair or replacement; or
(2) accept the material as a substandard grade product with an appropriate reduction in price. If CORVIS requests replacement of a Product, VENDOR shall promptly ship the replacement Product., which may be the repaired Product or a new Product, at VENDOR's discretion. PURCHASE AGREEMENT
Appears in 1 contract
Sources: Purchase Agreement (New Focus Inc)
Disposition of Rejected Products. If CORVIS rejects any ProductProduct in -------------------------------- accordance with the provisions of Section 4.7 (b), -------------------------------- CORVIS shall have the right to either:
(1) return the rejected Product to VENDOR for for, at VENDOR's option, credit, refund, or replacement; or
(2) accept the material as a substandard grade product with an appropriate reduction in price. If CORVIS requests replacement of a rejected Product, VENDOR shall promptly ship the replacement Product.
Appears in 1 contract