Common use of Markdowns Clause in Contracts

Markdowns. In the event that the Retailer has available ---------- Markdowns which it would like to offer for sale on its Web Site solely at its discretion, it shall notify GSI and ship the Markdowns to GSI's fulfillment center. The Markdowns shall be shipped to GSI on consignment only. Retailer shall set the selling prices on the Markdowns; provided however, that GSI on behalf of the Retailer shall have no obligation to offer any Markdowns for sale on the Retailer's Web Site which GSI deems, in its sole discretion, would be inappropriate. Retailer shall retain [*] of the selling price received from the sale of any Markdowns when sold (excluding applicable taxes and shipping and handling charges; the remainder of [*] plus shipping and handling charges shall be retained by GSI as its management fee in connection with the sale of the Markdowns. Any applicable tax collected by GSI on behalf of Retailer shall be deposited into a separate account as more fully discussed in paragraph 3.9 below, and remitted by GSI to the appropriate taxing authority. GSI shall account to Retailer for the sale of any Markdowns at the same time that it accounts to the Retailer for sale of other On Line Merchandise on the Retailer's Web Site. The amount of proceeds from the sale of arkdowns shall not be considered the sale of On Line Merchandise for the purpose of determining the amount to be remitted to Retailer pursuant to paragraph 3.8 below.

Markdowns. In the event that the Retailer has available ---------- Markdowns which it would like to offer for sale on its Web Site solely at its discretion, it shall notify GSI and ship the Markdowns to GSI's fulfillment center. The Markdowns shall be shipped to GSI on consignment only. Retailer shall set the selling prices on the Markdowns; provided however, that GSI on behalf of the Retailer shall have no obligation to offer any Markdowns for sale on the Retailer's Web Site which GSI deems, in its sole discretion, would be inappropriate. Retailer shall retain [*] of the selling price received from the sale of any Markdowns when sold (excluding applicable taxes and shipping and handling charges; the remainder of [*] plus shipping and handling charges shall be retained by GSI as its management fee in connection with the sale of the Markdowns. Any applicable tax collected by GSI on behalf of Retailer shall be deposited into a separate account as more fully discussed in paragraph 3.9 below, and remitted by GSI to the appropriate taxing authority. GSI shall account to Retailer for the sale of any Markdowns at the same time that it accounts to the Retailer for sale of other On Line Merchandise on the Retailer's Web Site. The amount of proceeds from the sale of arkdowns Markdowns shall not be considered the sale of On Line Merchandise for the purpose of determining the amount to be remitted to Retailer pursuant to paragraph 3.8 below.

Markdowns. In the event that the Retailer has available Markdowns ---------- Markdowns which it would like to offer for sale on its Web Site solely at its discretion, it shall notify GSI and ship the Markdowns to GSI's fulfillment center. The Markdowns shall be shipped to GSI on consignment only. Retailer shall set the selling prices on the Markdowns; provided however, that GSI on behalf of the Retailer shall have no obligation to offer any Markdowns for sale on the Retailer's Web Site which GSI deems, in its sole discretion, would be inappropriate. Retailer shall retain [*] ]% of the selling price received from the sale of any Markdowns when sold (excluding applicable taxes and shipping and handling charges; the remainder of [*] ]% plus shipping and handling charges shall be retained by GSI as its management fee in connection with the sale of the Markdowns. Any applicable tax collected by GSI on behalf of Retailer shall be deposited into a separate account as more fully discussed in paragraph 3.9 below, and remitted by GSI to the appropriate taxing authority. GSI shall account to Retailer for the sale of any Markdowns at the same time that it accounts to the Retailer for sale of other On Line Merchandise on the Retailer's Web Site. The amount of proceeds from the sale of arkdowns shall not be considered the sale of On Line Merchandise for the purpose of determining the amount to be remitted to Retailer pursuant to paragraph 3.8 below.

Markdowns. In the event that the Retailer has available ---------- --------- Markdowns which it would like to offer for sale on its Web Site solely at its discretion, it shall notify GSI and ship the Markdowns to GSI's fulfillment center. The Markdowns shall be shipped to GSI on consignment only. Retailer shall set the selling prices on the Markdowns; provided however, that GSI on behalf of the Retailer shall have no obligation to offer any Markdowns for sale on the Retailer's Web Site which GSI deems, in its sole discretion, would be inappropriate. Retailer shall retain [*] ]% of the selling price received from the sale of any Markdowns when sold (excluding applicable taxes and shipping and handling charges; the remainder of [*] ]% plus shipping and handling charges shall be retained by GSI as its management fee in connection with the sale of the Markdowns. Any applicable tax collected by GSI on behalf of Retailer shall be deposited into a separate account as more fully discussed in paragraph 3.9 below, and remitted by GSI to the appropriate taxing authority. GSI shall account to Retailer for the sale of any Markdowns at the same time that it accounts to the Retailer for sale of other On Line Merchandise on the Retailer's Web Site. The amount of proceeds from the sale of arkdowns Markdowns shall not be considered the sale of On Line Merchandise for the purpose of determining the amount to be remitted to Retailer pursuant to paragraph 3.8 below.