HOLD FOR RELEASE Clause Samples

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HOLD FOR RELEASE. If this is a "hold for release" Order and/or "for drawings only", then Buyer shall not incur any liability to Seller for the goods unless and/or until Buyer instructs Seller in writing to proceed with product production and/or further performance.
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HOLD FOR RELEASE. If this is a "hold for release" order or "for drawings only" order, as expressly stated on Electro’s Purchase Order, then Electro shall not incur any liability to Supplier for the Work under the Purchase Order or otherwise, unless and until Electro instructs Supplier in a separate writing to proceed with the Work’s production and further performance.
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Related to HOLD FOR RELEASE

  • Scope of Release The provisions of this Release shall be deemed to obligate, extend to, and inure to the benefit of the parties; Company's parents, subsidiaries, affiliates, successors, predecessors, assigns, directors, officers, and employees; and each parties insurers, transferees, grantees, legatees, agents and heirs, including those who may assume any and all of the above-described capacities subsequent to the execution and effective date of this Release.