https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2020-results
Liquidity remains strong as the company finished the quarter with $1.28 billion in cash
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include the impact the COVID-19 pandemic has on our business, results from operations, financial condition and liquidity; the time required to consummate the acquisition of Clariant's color and additive masterbatch business; the satisfaction or waiver of conditions in the purchase agreements; any material adverse changes in Clariant's color and additive masterbatch business; the ability to obtain required regulatory or other third-party approvals and consents and otherwise consummate the proposed acquisition of Clariant's color and additive masterbatch business; our ability to achieve the strategic and other objectives relating to the proposed acquisition of Clariant's color and additive masterbatch business, including any expected synergies; our ability to successfully integrate Clariant's color and additive masterbatch business and achieve the expected results of the acquisition of Clariant's color and additive masterbatch business, including, without limitation, the acquisition being accretive; disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business; changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; fluctuations in raw material prices, quality and supply, and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; an inability to raise or sustain prices for products or services; an ability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to acquisitions and integration, working capital reductions, costs reductions and employee productivity goals; information systems failures and cyberattacks; and other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation.
https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2016-results
of available liquidity.
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: our ability to realize anticipated savings and operational benefits from the realignment of assets, including the closure of manufacturing facilities; the timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen loss of customers and/or disruptions of service or quality caused by such closings and/or production shifts; separation and severance amounts that differ from original estimates; amounts for non-cash charges related to asset write-offs and accelerated depreciation realignments of property, plant and equipment, that differ from original estimates; our ability to identify and evaluate acquisition targets and consummate acquisitions; the ability to successfully integrate acquired businesses into our operations, such as Gordon Composites and Polystrand, including whether such businesses will be accretive, retain the management teams of acquired businesses, and retain relationships with customers of acquired businesses; disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability; the speed and extent of an economic recovery, including the recovery of the housing market; our ability to achieve new business gains; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business; changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; fluctuations in raw material prices, quality and supply and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; an inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals; an inability to raise or sustain prices for products or services; an inability to maintain appropriate relations with unions and employees; our ability to continue to pay cash dividends; the amount and timing of repurchases of our common shares, if any; and other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation.
https://www.avient.com/company/policies-and-governance/avient-corporation-privacy-statement
Subject to applicable law and regulations, in the event of a sale, merger, consolidation, change in control, transfer of substantial assets, reorganization, or liquidation, to transfer, sell, or assign to third parties information concerning your relationship with us, including, without limitation, personal information that you provide and other information concerning your relationship with us.
To a buyer or other successor in the event of a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Avient’s assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which personal information held by Avient about our Website users is among the assets transferred.
https://www.avient.com/idea-center/idea-center?all=true
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https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the United Arab Emirates.pdf
In the event of Buyer’s breach or failure to
perform, Seller shall be entitled to (but is not required to) recover from
Buyer, in addition to any other damages caused by such action: (i) in the
case of Products produced specifically for Buyer or which reasonably
cannot be resold by Seller to a third party, the price of such Products as
quoted in Seller’s order confirmation; or (ii) in the case of Products which
can be resold by Seller, damages equal to fifty percent (50%) of the price
for the Products as quoted in Seller’s order confirmation, as liquidated
damages.
If (i) Buyer is in default of performance
of its obligations towards Seller and fails to provide adequate assurance of
Buyer’s performance before the date of scheduled delivery; or (ii) if Seller
has reasonable doubts with respect to Buyer’s performance of its
obligations and Buyer fails to provide to Seller adequate assurance of
Buyer’s performance before the date of scheduled delivery and in any case
within thirty (30) days of Seller’s demand for such assurance; or (iii) if
Buyer becomes insolvent or unable to pay its debts as they mature, or goes
into liquidation or any bankruptcy proceeding shall be instituted by or
against Buyer or if a trustee or receiver or administrator is appointed for
all or a substantial part of the assets of Buyer or if Buyer makes any
assignment for the benefit of its creditors; or (iv) in case of non-compliance
of Buyer with any law, statute ordinance, regulation, code or standard
(“Laws and Standards”), then Seller may by notice in writing to Buyer,
without prejudice to any of its other rights: (a) demand return and take
repossession of any delivered Products which have not been paid for and
all costs relating to the recovery of the Products shall be for the account of
Buyer; and/or (b) suspend its performance or terminate its order
confirmation for pending delivery of Products unless Buyer makes such
payment for Products on a cash in advance basis or provides adequate
assurance of such payment for Products to Seller.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Slovakia.pdf
In the event of
Buyer’s breach or failure to perform, Seller shall be
entitled to (but is not required to) recover from Buyer, in
addition to any other damages caused by such action: (i) in
the case of Products produced specifically for Buyer or
which reasonably cannot be resold by Seller to a third
party, the price of such Products as quoted in Seller’s order
confirmation; or (ii) in the case of Products which can be
resold by Seller, damages equal to fifty percent (50%) of
the price for the Products as quoted in Seller’s order
confirmation, as liquidated damages.
9.
i) If Buyer is in default of
performance of its obligations towards Seller and fails to
provide adequate assurance of Buyer’s performance before
the date of scheduled delivery; or (ii) if Seller has
reasonable doubts with respect to Buyer’s performance of
its obligations and Buyer fails to provide to Seller adequate
assurance of Buyer’s performance before the date of
scheduled delivery and in any case within thirty (30) days
of Seller’s demand for such assurance; or (iii) if Buyer
becomes insolvent or unable to pay its debts as they
mature, or goes into liquidation or any bankruptcy
proceeding shall be instituted by or against Buyer or if a
trustee or receiver or administrator is appointed for all or a
substantial part of the assets of Buyer or if Buyer makes
any assignment for the benefit of its creditors; or (iv) in
podstatnú časť alebo ak kupujúci zrealizuje akékoľvek
postúpenie v prospech svojich veriteľov, alebo (iv) v
prípade nedodržania akéhokoľvek zákona, nariadenia,
predpisu, zákonníka alebo normy (ďalej len „zákony a
normy“) zo strany kupujúceho, potom bez toho, aby tým
boli dotknuté ostatné jeho práva, je predávajúci oprávnený
v písomnej podobe od kupujúceho: (a) požadovať vrátenie
a znovunadobudnutie akýchkoľvek dodaných výrobkov,
ktoré neboli uhradené, pričom všetky náklady súvisiace so
znovunadobudnutím výrobkov bude znášať kupujúci,
a/alebo (b) prerušiť svoje plnenie alebo zrušiť svoje
potvrdenie objednávky v súvislosti s nevykonanou
dodávkou výrobkov, kým kupujúci za výrobky najprv
nezaplatí alebo neposkytne predávajúcemu primerané
ubezpečenie o takejto platbe za výrobky.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Pakistan.pdf
In the event of Buyer’s breach or failure to perform, Seller
shall be entitled to (but is not required to) recover from Buyer, in
addition to any other damages caused by such action: (i) in the case
of Products produced specifically for Buyer or which reasonably
cannot be resold by Seller to a third party, the price of such Products
as quoted in Seller’s order confirmation; or (ii) in the case of
Products which can be resold by Seller, damages equal to fifty
percent (50%) of the price for the Products as quoted in Seller’s
order confirmation, as liquidated damages.
9.
i) If Buyer is in default of
performance of its obligations towards Seller and fails to provide
adequate assurance of Buyer’s performance before the date of
scheduled delivery; or (ii) if Seller has reasonable doubts with
respect to Buyer’s performance of its obligations and Buyer fails to
provide to Seller adequate assurance of Buyer’s performance before
the date of scheduled delivery and in any case within thirty (30) days
of Seller’s demand for such assurance; or (iii) if Buyer becomes
insolvent or unable to pay its debts as they mature, or goes into
liquidation or any bankruptcy proceeding shall be instituted by or
against Buyer or if a trustee or receiver or administrator is appointed
for all or a substantial part of the assets of Buyer or if Buyer makes
any assignment for the benefit of its creditors; or (iv) in case of non-
compliance of Buyer with any law, statute ordinance, regulation,
code or standard (“Laws and Standards”), then Seller may by notice
in writing to Buyer, without prejudice to any of its other rights: (a)
demand return and take repossession of any delivered Products
which have not been paid for and all costs relating to the recovery
of the Products shall be for the account of Buyer; and/or (b) suspend
its performance or terminate its order confirmation for pending
delivery of Products unless Buyer makes such payment for Products
نس نہیں دے گی، جیسا کہ قابل اطلاق دانشورانہ املاک کے حق کے تحت کوئی لائس
ہے۔ نمونہ یا ترقیاتی مواد فراہم کرنے کا عمل پیڻنٹ کے مالک کی اجازت کے بغیر
کسی بھی پیڻنٹ ایجاد پر عمل کرنے کی اجازت، سفارش، یا حوصلہ افزائی کے
طور پر کام نہیں کرتا۔
والی مصنوعات کو منقطع فروخت کننده کسی بھی وقت یہاں فروخت ہونے بندش۔ ۔۵
کر سکتا ہے، جب تک کہ خریدار اور فروخت کننده تحریری طور پر متفق نہ ہوں۔
خریدار اس کے تحت تمام ادائیگیاں نقد یا نقد رقم کے مساوی ادائیگی اور کریڈٹ۔ ۔٦
فنڈز میں، وقت کے اندر، اور فروخت کننده کی انوائس پر بتائے گئے مقام پر کرے
یر سے کی گئی ادائیگیوں پر لاگو قانون کے مطابق زیاده سے زیاده فیصد پر گا۔ د
سود ہوگا۔ خریدار کو سیٹ آف کا کوئی حق نہیں ہوگا۔ اگر فروخت کننده یہ طے
کرتا ہے کہ خریدار کی مالی ذمہ داری بیچنے فروخت کننده لیے خراب ہو گئی ہے
ه اپنی صوابدید پر پیشگی نقد یا بصورت دیگر غیر تسلی بخش ہے، تو فروخت کنند
، مختصر شرائط، اور/یا خریدار سے تسلی بخش سیکیورڻی کی CODادائیگی،
پوسڻنگ کا مطالبہ کر سکتا ہے اور ترسیل روک سکتا ہے۔ اگر خریدار کا انوائس
کے حوالے سے کوئی تنازعہ ہے، تو خریدار کو انوائس کی تاریخ کے بعد سات
اندر فروخت کننده کو مطلع کرنا چاہیے۔ اس کے بعد، ) کاروباری دنوں کے 7(
خریدار خود بخود انوائس کی منظوری دیتا ہے۔
اگر موجوده یا مستقبل کا کوئی قانون، حکومتی فرمان، حکم، حکومتی رکاوڻیں۔ ۔۷
ضابطہ، یا کسی موجوده یا مستقبل کے قانون سازی کے تحت حکم نامہ فروخت
افہ یا نظر ثانی کرنے سے روکتا ہے جیسا کہ یہاں فراہم کیا کننده کو قیمت میں اض
گیا ہے، یا کسی کی طرف سے دوسرے کے لیے تحریری نوڻس پر، اس کے تحت
کسی قیمت یا قیمت میں اضافے کو کالعدم یا کم کر دیتا ہے تو فروخت کننده اور
نامے خریدار اس معاہدے کو اس طرح کے قانون، فیصلے، حکم، ضابطے، یا حکم
کے مطابق کرنے کے لیے باہمی طور پر قابل قبول تبدیلیوں کی نشاندہی کرنے کی
) یوم کے اندر 60کوشش کریں گے۔ اگر فریقین اس طرح کے نوڻس کے بعد ساڻھ (
اس طرح کی تبدیلیوں پر متفق اور عمل درآمد نہیں کرسکتے ہیں، تو فروخت کننده
ی طور پر اس معاہدے کو ختم کرنے کو خریدار کو تحریری نوڻس کے ذریعے فور
کا حق حاصل ہوگا۔
فریقین اس بات پر متفق ہیں کہ یہاں فراہم کرده قیمت ۔شرائط کی ایڈجسڻمنٹ؛ ترسیل ۔۸
اور/یا ڈیلیوری اور شپمنٹ کی شرائط فروخت کننده کی طرف سے ڈیلیوری سے
بشمول خام مال کی قبل کسی بھی وقت مارکیٹ کے حالات میں ہونے والی تبدیلیوں،
قیمتوں میں اضافہ، مال برداری میں اضافہ، نقل و حمل، یا ایندھن کے سرچارجز،
اور/یا ڈیوڻی، ڻیرف، یا آرڈر کی منظوری کے بعد پروڈکٹ کی فروخت/شپمنٹ کے
سلسلے میں فروخت کننده پر عائد ڻیکس ، کی وجہ سے تبدیل کی جا سکتی ہیں۔ اگر
ہے، تو اس طرح کی رعایت صرف ان مصنوعات کی فروخت کننده رعایت دیتا
ترسیل اور/یا مقدار سے متعلق ہوتی ہے جن کا ذکر خاص طور پر فروخت کننده
کے آرڈر کی تصدیق میں کیا گیا ہے۔ ڈیلیوری کے لیے کوئی بھی وقت یا تاریخیں
کے آرڈر کی تصدیق کے) صرف فروخت کنندهجو فروخت کننده دیتا ہے (بشمول
ہیں اور فروخت کی شرائط نہیں ہیں۔ فریقین متفق ہیں کہ وقت اہمیت کا حامل تخمینہ
کو جزوی ترسیل میں آرڈر کی تصدیق میں بیان کرده فروخت کنندهنہیں ہے۔
مصنوعات کی فراہمی اور اس کے مطابق انوائس کرنے کا حق ہے۔ جب تک کہ
ده ایک تحریر فروخت کننده اور خریدار دونوں فریقوں کی طرف سے دستخط ش
میں فرم ڈیلیوری کی تاریخ کی مدت پر واضح طور پر اتفاق نہیں کرتے ہیں، کسی
بھی مصنوعات کی ترسیل میں تاخیر خریدار کو اس کی ڈیلیوری قبول کرنے کی
ذمہ داری سے آزاد نہیں کرے گی۔ کسی بھی صورت میں ڈیلیوری میں تاخیر کی
اور/یا اخراجات کا ذمہ دار نہیں ہوگا۔ وجہ سے فروخت کننده کسی بھی نقصانات
خریدار مصنوعات کو قبول کرنے اور فروخت کننده کے ذریعہ فراہم کرده
مصنوعات کی مقدار کے لیے آرڈر کی تصدیق میں بیان کرده ریٹ ادا کرنے کا
پابند ہوگا۔ خریدار کی خلاف ورزی یا کام کرنے میں ناکامی کی صورت میں،
رح کی کارروائی سے ہونے والے دیگر نقصانات کے علاوه، فروخت کننده کو اس ط
خاص طور پر خریدار کے لیے تیار کرده (i)خریدار سے وصولی کا حق ہوگا:
مصنوعات کی صورت میں یا جنہیں فروخت کننده کسی تیسرے فریق کو معقول
طور پر دوباره فروخت نہیں کر سکتا، ایسی مصنوعات کی قیمت جیسا کہ فروخت
ان مصنوعات کی صورت (ii)ه کے آرڈر کی تصدیق میں بیان کی گئی ہے؛ یا کنند
میں جنہیں فروخت کننده دوباره فروخت کر سکتا ہے، مصنوعات کی قیمت کے
) کے برابر نقصانات جیسا کہ فروخت کننده کے آرڈر کی توثیق 50پچاس فیصد (٪
میں نقل کیا گیا ہے۔
ریدار فروخت کننده کے تئیں اپنی ذمہ داریوں کی خ )i(اگر معطلی اور خاتمہ۔ ۔۹
کارکردگی میں ناقص ہے اور طے شده ترسیل کی تاریخ سے پہلے خریدار کی
اگر فروخت (ii)کارکردگی کی مناسب یقین دہانی فراہم کرنے میں ناکام رہتا ہے؛ یا
کننده کو خریدار کی اپنی ذمہ داریوں کی کارکردگی کے حوالے سے معقول شکوک
و شبہات ہیں اور خریدار طے شده ڈیلیوری کی تاریخ سے پہلے اور کسی بھی
صورت میں فروخت کننده کی طرف سے اس یقین دہانی کے مطالبے کے تیس دنوں
کے اندر فروخت کننده کو خریدار کی کارکردگی کی مناسب یقین دہانی فراہم کرنے
و جاتا ہے یا اپنے قرض کی ادائیگی اگر خریدار دیوالیہ ہ (iii)میں ناکام رہتا ہے؛ یا
کرنے سے قاصر ہو جاتا ہے جیسا کہ وه بالغ ہو جاتا ہے، یا لیکویڈیشن میں چلا
جاتا ہے یا دیوالیہ ہونے کی کوئی کارروائی خریدار کی طرف سے یا اس کے خلاف
قائم کی جائے گی یا اگر کسی ڻرسڻی یا وصول کننده یا منتظم کا تقرر کیا گیا ہو یا
اس کے کسی خاص حصے کے لیے خریدار کے اثاثے یا اگر خریدار اپنے قرض
خریدار کی جانب سے کسی (iv)دہندگان کے فائدے کے لیے تفویض کرتا ہے؛ یا
قانون، آئینی آرڈیننس، ضابطے معیار کی عدم تعمیل کی صورت میں، فروخت کننده
اس کے دیگر حقوق میں سے کسی بھی تعصب کے بغیر، خریدار کو تحریری طور
کسی بھی ترسیل شده مصنوعات کی واپسی اور دوباره (a)پر نوڻس دے سکتا ہے:
ادائیگی نہیں کی گئی ہے اور مصنوعات کی بازیابی قبضے کا مطالبہ کرے جن کی
(b)سے متعلق تمام اخراجات خریدار کے اکاؤنٹ کے لیئے ہوں گے۔ اور/یا
مصنوعات کی زیر التواء ترسیل کے لیے اس کی کارکردگی کو معطل کردے یا
اس کے آرڈر کی توثیق کو ختم کردے جب تک کہ خریدار مصنوعات کے لیے اس
گی پیشگی بنیاد پر نہ کرے یا فروخت کننده کو پروڈکڻس کے لیے طرح کی ادائی
on a cash in advance basis or provides adequate assurance of such
payment for Products to Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Spain.pdf
In the event of
Buyer’s breach or failure to perform, Seller shall be
entitled to (but is not required to) recover from Buyer, in
addition to any other damages caused by such action: (i) in
the case of Products produced specifically for Buyer or
which reasonably cannot be resold by Seller to a third
party, the price of such Products as quoted in Seller’s order
confirmation; or (ii) in the case of Products which can be
resold by Seller, damages equal to fifty percent (50%) of
the price for the Products as quoted in Seller’s order
confirmation, as liquidated damages.
9.
If (i) Buyer is in default of
performance of its obligations towards Seller and fails to
provide adequate assurance of Buyer’s performance before
the date of scheduled delivery; or (ii) if Seller has
reasonable doubts with respect to Buyer’s performance of
its obligations and Buyer fails to provide to Seller adequate
assurance of Buyer’s performance before the date of
scheduled delivery and in any case within thirty (30) days
of Seller’s demand for such assurance; or (iii) if Buyer
becomes insolvent or unable to pay its debts as they
mature, or goes into liquidation or any bankruptcy
proceeding shall be instituted by or against Buyer or if a
trustee or receiver or administrator is appointed for all or a
substantial part of the assets of Buyer or if Buyer makes
any assignment for the benefit of its creditors; or (iv) in
case of non-compliance of Buyer with any law, statute
ordinance, regulation, code or standard (“Laws and
Standards”), then Seller may by notice in writing to Buyer,
without prejudice to any of its other rights: (a) demand
return and take repossession of any delivered Products
which have not been paid for and all costs relating to the
recovery of the Products shall be for the account of Buyer;
and/or (b) suspend its performance or terminate its order
confirmation for pending delivery of Products unless
Buyer makes such payment for Products on a cash in
advance basis or provides adequate assurance of such
payment for Products to Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Argentina %28English and Spanish Translation%29.pdf
El Comprador estará obligado a aceptar los
Productos y a pagar la tarifa especificada en la confirmación
for Buyer or which reasonably cannot be resold by Seller to a
third party, the price of such Products as quoted in Seller’s
order confirmation; or (ii) in the case of Products which can be
resold by Seller, damages equal to fifty percent (50%) of the
price for the Products as quoted in Seller’s order confirmation,
as liquidated damages.
9.
If (i) Buyer is in default of
performance of its obligations towards Seller and fails to
provide adequate assurance of Buyer’s performance before the
date of scheduled delivery; or (ii) if Seller has reasonable
doubts with respect to Buyer’s performance of its obligations
and Buyer fails to provide to Seller adequate assurance of
Buyer’s performance before the date of scheduled delivery and
in any case within thirty (30) days of Seller’s demand for such
assurance; or (iii) if Buyer becomes insolvent or unable to pay
its debts as they mature, or goes into liquidation or any
bankruptcy proceeding shall be instituted by or against Buyer
or if a trustee or receiver or administrator is appointed for all
or a substantial part of the assets of Buyer or if Buyer makes
any assignment for the benefit of its creditors; or (iv) in case
of non-compliance of Buyer with any law, statute ordinance,
regulation, code or standard (“Laws and Standards”), then
Seller may by notice in writing to Buyer, without prejudice to
any of its other rights: (a) demand return and take repossession
of any delivered Products which have not been paid for and all
costs relating to the recovery of the Products shall be for the
account of Buyer; and/or (b) suspend its performance or
terminate its order confirmation for pending delivery of
Products unless Buyer makes such payment for Products on a
cash in advance basis or provides adequate assurance of such
payment for Products to Seller.
https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Poland.pdf
In the event of Buyer’s
breach or failure to perform, Seller shall be entitled to (but
is not required to) recover from Buyer, in addition to any
other damages caused by such action: (i) in the case of
Products produced specifically for Buyer or which
reasonably cannot be resold by Seller to a third party, the
price of such Products as quoted in Seller’s order
confirmation; or (ii) in the case of Products which can be
resold by Seller, damages equal to fifty percent (50%) of
the price for the Products as quoted in Seller’s order
confirmation, as liquidated damages.
8.
i) Jeśli Kupujący nie
wywiązuje się ze swoich zobowiązań wobec
Sprzedającego i odpowiednio nie zapewnieni o ich
wykonaniu przed datą planowanej dostawy; lub (ii) jeśli
reasonable doubts with respect to Buyer’s performance of
its obligations and Buyer fails to provide to Seller adequate
assurance of Buyer’s performance before the date of
scheduled delivery and in any case within thirty (30) days
of Seller’s demand for such assurance; or (iii) if Buyer
becomes unable to pay its debts as they mature, or goes
into liquidation or if a trustee or receiver or administrator
is appointed for all or a substantial part of the assets of
Buyer; or (iv) in case of non-compliance of Buyer with any
applicable law, statute ordinance, regulation, code or
standard (“Laws and Standards”), Seller may by notice in
writing to Buyer, without prejudice to any of its other
rights: (a) demand return and take repossession of any
delivered Products which have not been paid for and all
costs relating to the recovery of the Products shall be for
the account of Buyer; and/or (b) suspend its performance
or terminate its order confirmation for pending delivery of
Products unless Buyer makes such payment for Products
on a cash in advance basis or provides adequate assurance
of such payment for Products to Seller.