Closeout Merchandise Sample Clauses
The Closeout Merchandise clause defines the terms under which products that are being discontinued or phased out are handled within a business relationship. Typically, this clause outlines the procedures for selling, discounting, or returning such merchandise, and may specify notification requirements, pricing adjustments, or restrictions on further orders. Its core practical function is to provide a clear process for managing inventory that is no longer part of the regular product lineup, thereby minimizing disputes and financial losses associated with obsolete stock.
Closeout Merchandise. Retailer shall advise GSI no later than --------------------- ten business days after issuing a purchase order for Closeout Merchandise from a vendor. At that time, Retailer shall advise GSI of the cost, sizes and colors available and GSI shall have five business days after receipt of such information to advise Retailer that it will purchase, at Retailer's net cost, up to [*] per cent of the Closeout Merchandise to be received by Retailer, proportionately as to size and color, as ordered by Retailer. Notwithstanding anything contained herein to the contrary, GSI recognizes that there may be instances where there will be an insufficient amount of a particular item of Closeout Merchandise to warrant selling such merchandise on line. In such instances the Retailer shall not be required to offer such items of Closeout Merchandise for sale on line; provided however, the Retailer acknowledges that GSI does not anticipate that this will occur on a regular basis and this should be the exception rather than the usual occurrence. Any Closeout Merchandise purchased by GSI from Retailer shall be offered for sale by Retailer only on the Retailer's Web Site.
Closeout Merchandise. Retailer shall use its best efforts to advise -------------------- ▇▇▇.▇▇▇ within ten (10) Business Days after issuing a purchase order for Closeout Merchandise from a vendor. Retailer may from time to time agree to sell Closeout Merchandise to ▇▇▇.▇▇▇ on such terms and in such amounts as may be determined by the Parties, provided, however, that Retailer shall use commercially reasonable efforts to make Closeout Merchandise available to ▇▇▇.▇▇▇, subject to availability.
Closeout Merchandise. Retailer shall advise GSI no later than --------------------- five business days after issuing a purchase order for Closeout Merchandise from a vendor. At that time, Retailer shall advise GSI of the cost, sizes and colors available and GSI shall have five business days after receipt of such information to advise Retailer that it will purchase, at Retailer's net cost, up to [*] per cent of the Closeout Merchandise to be received by Retailer, proportionately as to size and color, as ordered by Retailer. Inasmuch as Retailer operates one Warehouse Outlet Store specializing in one of a kind buys, including individual sales representatives' merchandise, any items ordered for this Warehouse Outlet or any future Warehouse outlet location are excluded from as this provision. Notwithstanding anything contained herein to the contrary, GSI recognizes that there may be instances where there will be an insufficient amount of a particular item of Closeout Merchandise to warrant selling such merchandise on line. In such instances the Retailer shall not be required to offer such items of Closeout Merchandise for sale on line; provided however, the Retailer acknowledges that GSI does not anticipate that this will occur on a regular basis and this should be the exception rather than the usual occurrence. Any Closeout Merchandise purchased by GSI from Retailer shall be offered for sale by Retailer only on the Retailer's Web Site.
Closeout Merchandise. Retailer shall advise GSI no later than -------------------- five business days after issuing a purchase order for Closeout Merchandise from a
Closeout Merchandise. Retailer shall use its best efforts to advise TSA.com within ten (10) Business Days after issuing a purchase order ▇▇▇ ▇▇oseout Merchandise from a vendor. Retailer may from time to time agree to sell Closeout Merchandise to TSA.com on such terms and in such amounts as may be determined by th▇ ▇▇▇▇▇es, provided, however, that Retailer shall use commercially reasonable efforts to make Closeout Merchandise available to TSA.com, subject to availability.