https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for South Africa.pdf
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 commits an act which if committed by a natural person would be an act of insolvency as defined in the Insolvency Act, 1936; or (iv) if steps are taken by tor by anyone else to place Buyer in liquidation, whether voluntary or compulsory, whether provisionally or finally or under business rescue proceedings; or (v) if Buyer proposes or enters into a compromise with its creditors generally; or (vi) if Buyer takes steps to deregister itself or is deregistered, and/or (vii) if Buyer suspends or ceases, or threatens to suspend or cease, to carry on all or a substantial part of its business; or (viii) 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.
