No Demand definition

No Demand means either: no sales of the relevant items to the Buyer during six consecutive months; or actual demand during the six-month period results in the remaining stock being in excess of 12 months’ requirements. If, following payment for stock by the Buyer pursuant to this clause, No Demand for that stock is received in the subsequent six-month period, the Company may, with the prior consent of the Buyer, dispose of the remainder of that stock.
Source 1Source 2Source 3
No Demand. The undersigned have received no demand for payment under the terms of the Mortgage and the note which it secures within the last six (6) years.
Source 1
No Demand means either: no sales of the relevant items to the Customer during six consecutive months; or actual demand during the six month period results in the remaining stock being in excess of 12 months’ requirements. If, following payment for stock by the Customer pursuant to this clause, No Demand for that stock is received in the subsequent six month period, the Company may, with the prior consent of the Buyer, dispose of the remainder of that stock.
Source 1

Examples of No Demand in a sentence

  • No Demand Registration shall be deemed to have occurred for purposes of this Section 2(a)(iii) if the Registration Statement relating thereto does not become effective or is not maintained effective for its entire Effectiveness Period, in which case the Initiating Holder shall be entitled to an additional Demand Registration in lieu thereof.

  • The Contractor shall give ‘No Claim’ and `No Demand' certificates.

  • No Demand Registration shall be deemed to have been effected if an Underwritten Offering is contemplated by such Demand Registration and the conditions to closing specified in the applicable underwriting agreement are not satisfied by reason of a wrongful act, misrepresentation or breach of such underwriting agreement or this Agreement by the Issuer.

  • No Demand Registration shall be deemed to have occurred for purposes of this Section 2(a) if the Registration Statement relating thereto does not become effective or is not maintained effective for the period required pursuant to Section 2(d).

  • The contractor shall submit No Demand Certificate (NDC) for the net payment as finalized in the final bill before release of payment.

  • After completion of work awarded, provided always that the contractor shall first have been paid final bill and have rendered a "No Demand" certificate, the security deposit mentioned in condition above shall be refunded to the contractor as follows: 100% shall be released within 3 months of satisfactory completion of the work duly verified by Site/Engineer-In-charge.

  • No Demand Registration shall be deemed to have occurred for purposes of this Section 2(a)(iii) if the Registration Statement relating thereto does not become effective or is not maintained effective for the period required pursuant to Section 2(a)(ii), in which case the Initiating Holder shall be entitled to an additional Demand Registration in lieu thereof.

  • On due satisfactory performance and completion of the contract in all respects, the Security deposit will be refunded to the Contractor without any interest on presentation of an absolute No Demand Certificate from the concerned NFL personnel and upon returning in good condition of any property belonging to NFL which may have been issued to the Contractor within 3 months of settlement of final bills.

  • If the contractor fully performs and completes the work in all respects to the entire satisfaction of BHEL and present an absolute “ No Demand Certificate” in the prescribed form and returns properties belonging to BHEL handed over, lent or hired by him for carrying out the said works, Security Deposit will be released to the contractor after deducting all cost of expenses or other amounts that are to be paid to BHEL under this or other contracts entered into with the contractor.

  • Service providers setup EVCs per subscription and it is not needed to be changed until new UNIs are connected to it or it is removed completely.

Related to No Demand

  • Demand has the meaning set forth in Section 2.1(a).

  • on demand means a system where a user, subscriber or viewer is enabled to access, at a time chosen by such user, any content in electronic form, which is transmitted over a computer resource and is selected by the user;

  • Contract Demand means:-

  • Peak Demand means the maximum Metered Demand in the last 12 months;

  • Notice of Default means a written notice of the kind specified in Section 501(4).

  • Billing Demand means the metered demand or connected load after necessary adjustments have been made for power factor, intermittent rating, transformer losses and minimum billing. A measurement in kiloWatts (kW) of the maximum rate at which electricity is consumed during a billing period;

  • Underwritten Demand shall have the meaning given in subsection 2.1.3 of this Agreement.

  • Maximum Demand means the highest load measured in average kVA or kW at the point of supply of a consumer during any consecutive period of 30 (thirty) minutes or as specified by the Commission, during the billing period;

  • Video-On-Demand or “VOD” means a programming system for transmission and retransmission of a single motion picture or programme (or series of related programs) delivered by means of a telecommunications or other technical system from a digital storage devise or presented in any form that permits Exhibition of such motion picture or programs in a non-linear form at the discretion of the viewer.

  • Protest means a written objection by an interested party to this solicitation or to a proposed or actual award of a contract pursuant to this solicitation.

  • LC Application an application by Borrower Agent to Issuing Bank for issuance of a Letter of Credit, in form and substance satisfactory to Issuing Bank.

  • Notice of Action shall have the meaning set forth in Section 7.1C.

  • Notice of Dishonor means the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

  • Request for Issuance means a request made pursuant to Section 2.04 in the form of Exhibit B.

  • Notice of Issuance has the meaning specified in Section 2.03(a).

  • notice of assessment means a written notice by the division, based on a citation, that the employer must pay the amount of wages, penalties, or fines assessed.

  • Written Procedure means the written or electronic procedure for decision making among the Bondholders in accordance with Clause 18 (Written Procedure).

  • Notice of Appeal means a notice given pursuant to Condition 6.2.

  • Notice of Dissent means a notice of dissent duly and validly given by a registered holder of Company Shares exercising Dissent Rights as contemplated in the Interim Order and as described in Article 4.

  • Certificate of Unpaid Demand Note Demand means a certificate substantially in the form of Annex B to any Multi-Series Letter of Credit.

  • Request for Payment means a payment application or declaration of expenditure submitted by the Member State to the Commission;

  • Notice of Sale means a notice required under RCW 59.20.300

  • Facility LC Application is defined in Section 2.19.3.

  • Review Demand Date means, for a Review, the date when the Indenture Trustee determines that each of (a) the Delinquency Trigger has occurred and (b) the required percentage of Noteholders has voted to direct a Review under Section 7.2 of the Indenture.

  • Written certification means a statement signed by a treating physician or referral physician that

  • LC Payment Notice has the meaning specified in Section 2.04(e).