Master Purchase Agreement (a) (1)
Master Purchase Agreement (a) (1)
Master Purchase Agreement (a) (1)
erPur
chaseAgr
eement
WHEREAS,Supplierdesi
restosellcer
tai
npr oduct
s(“Goods”)
,li
sted
on Exhibi
tA att
ached heret
o,and ISC desir
est o pur
chasesuch
Goods,on an as-needed basi
s,upon the terms and condit
ions
contai
nedher
ein.
NOW,THEREFORE,i n considerat
ion ofthe promises,the mutual
covenant sandagr eement sher ei
ncont ai
nedandot hergoodand
val
uable considerati
on,t he recei
ptand suffici
encyofwhi ch ar
e
expresslyacknowledged,t hePar t
iesheret
o,intendi
ngt obel egal
ly
bound, agreeasfoll
ows:
1. ScopeofAgr
eement
.
2. Pur
chaseOr
der
s.
2.
2 Exclusivi
ty. This Agreement shal l not i
mpose any
obli
gati
onofexclusi
vityoneitherPartyhereto,andeachPartyshal
l
befreetopurchaseandsel lgoodssimi l
aroridenti
calt
otheGoods
fr
om andtothir
dpar t
ies,ati
tssolediscret
ion.ThisAgreementdoes
notobli
gat
eISCt oenteri
ntoanyPur chaseOrder.
2.3 Sof t
ware.Intheev enttheGoodsi ncludeori ncorporate
software devel
oped,owned or l i
censed by Suppl ier including
embedded sof tware and fir
mwar e( “Software”)
,Suppl i
erher eby
authori
zesISCt ouse,sell
,reselland/orli
censet heSof t
war esol el
y
asincorporat
edi nt
osuchGoods.Useoft heSof t
warebyI SC’send
usercustomer s shal
lbe subj ectt o Suppli
er’s end userl i
cense
agreementaccompany ingsuchGoods.
3. Del
i
ver
y.
3.1 Del i
v ery .Pur chaseOr derswi llinclude,i nteral
ia,thedat e,
ti
meandl ocationf oreachdel i
very . Suppl i
eragr eest of ol
low the
shippi
ngi nstructionssetf orthinthi sAgr eementand/ oraPur chase
Order.Suppl ieragr eest oassistISCwi thallt hedocument at
ionand
processesr equi redf orthei mportat i
onofGoodsspeci f
iedi nt hi
s
Agreementand/ oraPur chaseOr der .Fr eightchar gesshallbebi ll
ed
asspeci fi
edi naPur chaseOr der.IfSuppl i
erf ai l
st odeliv
erGoodsi n
accordancet ot heshi ppi
ngi nst
ructionsandt hel eadt imespeci fi
edin
thi
sAgr eementort heappl i
cablePur chaseOr der ,then( i
)Suppl i
erwill
be responsi blef oral lpr emium f rei
ghtchar ges and any ot her
associated cost sr equired to suppl y Goods t oI SC as soon as
possible,and( ii)t heChar gespr ov i
dedi nAr ticl
e9her einaftermay
apply.
3.2 Ti
meoftheEssence.Suppli
eracknowl
edgesandagr
ees
t
hatt
imeisoft
heessencewithrespecttoSuppl
ier
’sper
for
mance
undert
hisAgr
eement
.
3.
4 I nv
entoryHeldbySuppli
er.I
nt heevent,attherequestand
consentofISC,Suppli
erholdsormai ntainspossession,custodyor
contr
olofanyGoodssol dtoISCher eunder,Suppliershallholdal
l
such Goods i
nt rustforISC,and shal lphysi
callysegregate and
i
dentif
yall
suchGoodsasbei ngpropertyofISC.
4. Pur
chasePr
ices.
4.
2 Ef fecti
ve Date of Purchase Pri
ce Decr eases. Al
l
decreasesinPur chasePri
cesshal
lbeimmediat
elyeff
ect
iveast oal
l
outstandingPurchaseOrdersf
orGoodsnoty
etshippedtoISCandall
fut
urePur chaseOr der
s.
4.3 Effecti
veDateofPur chasePr i
ceI ncr
eases.Noincrease
i
nPur chasePr i
ceshereundershallbeef f
ectiveastoanyPur chase
Orderissuedpri
ortoexpirat
ionofthetransit
ionperi
odagreedbyt he
Part
iesf orsuchincr
ease.Suppl i
ershallhonorallPurchasePr i
ces
prevai
li
nghereunderattheti
meI SCissuesitsPurchaseOrder
.
5. Ter
m.
6. Pay
ment
.
6.1 I nvoices.Suppl i
ershal li
ssueatt heti
meofshi pmenta
separateinvoicef oreachPur chaseOr dercont ai
ningthef oll
owing
i
nformation( “I
nv oice(
s)”
):(i
)thedescr ipti
onandquant i
tyofGoods
ordered;(ii
)t he quant i
ty of Goods shi pped;( ii
i
)t he delivery
desti
nati
on;( i
v)t he Purchase Price f
oreach Good;( v )the total
PurchasePr icefort hePurchaseOr der
;and( vi
)anyapplicabletaxes,
fr
eightcharges, anddiscounts.
6.4 Cr edi t
s.Atanyt imedur ingt heTer m,I SC mayr equest
from Suppl ieracr editorr efundher eunder ,inawr i
ttennot i
cesentt o
Suppl i
er( each,a “ Credi tRequest ”)det ail
i
ng I SC’ sr easons f or
request ingsuchcr editorr efundinaccor dancewi tht het ermsand
condi t
ionsoft hisAgr eement . Withint hirt
y( 30)cal endarday sof
Suppl i
er ’
sr eceiptofaCr editRequest ,Suppl i
erwi lleither(i)issuea
creditint hef ullamountoft heCr editRequest ;or(ii)deli
verawr it
ten
explanat iont oI SCdet ailingSuppl i
er ’
sr easonsf orr ef
usingt ogr ant
thecr edi torgr antingsuchcr editi
nanamountl esst hant heCr edi
t
Request .IfSuppl i
erf ail
st odo( i
)or( ii
)wi thinthet hir
ty( 30)day
periodpr ovi
dedabov e,thenI SCshal lbedeemedt obedueacr edi
tin
thef ul
lamountoft heCr editRequest .ISCmayr educeandof f
setany
amountduet oSuppl i
erf r
om I SCher eunderbyt heamountofany
credit,refund, orot heramountduet oI SCf rom Suppl ierhereunder .
7. Ti
tl
e.
Tit
leandr iskofl ossordamageshal lpasstoISCatt hetimet he
Goodsar edel iv
eredtoI SCandunl oadedatISC’sfaci
l
ity,orsit
eas
provi
ded and agr eed toi n a Pur chase Or
der.Forpur poses of
cl
arif
icat
ion, Suppl
iershallbearallrisksoflossordamagedur ingthe
tr
ansitoftheGoods.Suppl iershallconv eytoISCgoodtitl
e,fr
eeand
cl
earofallliensandot hersecurit
yi nterest
s.
8. I
nspect
ionandPer
for
manceWar
rant
y.
8.
3 Suppli
erf
urtherwarrant
st hatt
heGoodspr
ovi
dedunder
t
hisAgr
eementar
enotofIrani
anori
gin.
9. Shi
ppi
ngDel
ays.
9.1 Suppl i
erwil
limmediatel
ynotif
yISCi
nwr i
ti
ngofanyev ent
orcondi t
ion t
hatcoul d del
aydel i
ver
yoft he Goods beyond the
deli
verydate;pr ovi
ded,howev er
,thatsuch noti
fi
cat
ion shallnot
requi
reISCt oacceptanyl at
eshipmentorwaiveanyofitsrightsor
remedieswithrespectther
eto.
9.2 Inaddi ti
ont oanyot herri
ghtsandr emedi esISCmayhav e
wit
hr especttoSuppl i
er’
sdelayt odel i
vertheGoods,Suppl iershall
pay toI SC an i nterestchar ge ofNUMBER I N WORDS per cent
(NUMBERI NDIGI TS%)oft hetotalcostoft hedelayedor der,perday
ofdelay,comput edf rom three( 3)cal
endarday saf t
ertheappl i
cable
del
iverydateunt i
lt her el
atedGoodsar eaccept edbyI SC,ort he
maximum r atel egallyper mit
ted,whi cheverisl ess,(suchi nt
erest
charge,a “ Charge”) .Such Char ge shal
lbe deduct ed fr om t he
fol
lowingSupplier’sI nvoi
ce,orSuppl i
ershoul dissueacr editint he
ful
lamountoft
heChar
get
o bei
mmedi
atel
ypay
abl
etoI
SC by
Suppl
i
er.
10. Ter
minat
ion.
11. For
ceMaj
eur
e.