Common use of Net Revenue Split Clause in Contracts

Net Revenue Split. All sales of Merchandise shall be made through ▇▇▇▇▇ Mart’s normal cash registers and by use of ▇▇▇▇▇ Mart's normal sales recording equipment and will be identified with the Shoe Department. The Net Revenue from each sale of Supplier's Merchandise, other than Internet Merchandise sold through the Website, shall be split 80% to Supplier and 20% to ▇▇▇▇▇ Mart. Commencing upon the date of this Amendment and continuing until noted below, the Net Revenue from each sale of Internet Merchandise sold through the Website shall be split such that ▇▇▇▇▇ Mart will receive the percentage of Net Revenue from each sale equal to the website management fees paid by Supplier to a third party for the sale of such Internet Merchandise, which is estimated to be and shall not exceed 23% of Net Revenue. The balance of Net Revenue from the sale of Internet Merchandise shall be paid to Supplier pursuant to Section 5.4. ▇▇▇▇▇ Mart agrees to notify Supplier if the actual website management fees are lower than the 23% of Net Revenue estimate, which shall adjust the Net Revenue split received by ▇▇▇▇▇ Mart from each sale of Internet Merchandise sold through the Website to reflect the new actual management fee percentage; provided, however, ▇▇▇▇▇ Mart’s percentage of Net Revenue shall not be lower than 20%. The parties agree that, at a later date, Supplier will assume responsibility for the fulfillment of Internet Merchandise sold through the Website. ▇▇▇▇▇ Mart shall cooperate with Supplier in this transition. Beginning on the date DSW itself fulfills Internet Merchandise sold and thus eliminates the fulfillment of inventory through the third party provider, the Net Revenue from the sale Internet Merchandise shall be split 80% to Supplier and 20% to ▇▇▇▇▇ Mart.

Net Revenue Split. All sales of Merchandise shall be made through ▇▇▇▇▇ Mart’s normal cash registers and by use of ▇▇▇▇▇ Mart's ’s normal sales recording equipment and will be identified with the Shoe Department. The Net Revenue from each sale of Supplier's ’s Merchandise, other than Internet Merchandise sold through the Website, shall be split 80% to Supplier and 20% to ▇▇▇▇▇ Mart. Commencing upon the date of this Amendment and continuing until noted below, the Net Revenue from each sale of Internet Merchandise sold through the Website shall be split such that ▇▇▇▇▇ Mart will receive the percentage of Net Revenue from each sale equal to the website management fees paid by Supplier to a third party for the sale of such Internet Merchandise, which is estimated to be and shall not exceed 23% of Net Revenue. The balance of Net Revenue from the sale of Internet Merchandise shall be paid to Supplier pursuant to Section 5.4. ▇▇▇▇▇ Mart agrees to notify Supplier if the actual website management fees are lower than the 23% of Net Revenue estimate, which shall adjust the Net Revenue split received by ▇▇▇▇▇ Mart from each sale of Internet Merchandise sold through the Website to reflect the new actual management fee percentage; provided, however, ▇▇▇▇▇ Mart’s percentage of Net Revenue shall not be lower than 20%. The parties agree that, at a later date, Supplier will assume responsibility for the fulfillment of Internet Merchandise sold through the Website. ▇▇▇▇▇ Mart shall cooperate with Supplier in this transition. Beginning on the date DSW itself fulfills Internet Merchandise sold and thus eliminates the fulfillment of inventory through the third party provider, the Net Revenue from the sale Internet Merchandise shall be split 80% to Supplier and 20% to ▇▇▇▇▇ Mart.