Returns Processing. Upon its receipt of any Product return permitted under this Section 8, Ingram may debit Vendor’s account immediately in the amount of the Product purchase price plus all freight charges incurred by Ingram in receiving the Product. Upon entry of such debit, Vendor shall promptly ▇▇▇▇▇ ▇▇▇▇▇▇ a credit, or cash refund if no invoices are outstanding. Returned Products that are in salable condition (i.e. the Product’s packaging is unopened) shall be returned to Managed Inventory and will be managed by Ingram per the terms of this Agreement. Products that are not in resalable condition shall be returned to Vendor at a cost of $5 per unit plus any shipping and handling expenses. Ingram may request a Return Material Authorization (“RMA”) for all Products that are not resalable. In the event that an RMA for the [*** Confidential Treatment Requested] return of Product is not issued within five (5) days of the request, Ingram shall have the right to return any Products to Vendor without an RMA.
Appears in 3 contracts
Sources: Distribution Agreement, Inventory Management and Product Purchase Agreement (Vmware, Inc.), Inventory Management and Product Purchase Agreement (Vmware, Inc.)