Damaged Book definition
Damaged Book shall have the meaning set forth on Section 6 of the Confidential Appendix.
Damaged Book shall have the meaning set forth on Section 6 of the Confidential Appendix. “Fee(s)” has the meaning set for in Section 6 of the Confidential Appendix. “FMV” means fair market value for any Combined Inventory as determined by the current buyback price Chegg has set on its website for such title, provided, however if the average buyback price for any such title on third party buyback lists from [***], is greater than the Chegg price, then FMV shall be such average price. For any title not listed on the Chegg website, FMV shall equal the average current buyback listed on those third party buyback lists. “Full source cost” means the exact cost of inventory purchase for a textbook (whether the textbook is intended for direct sale to student, Partner Buyback, or for inclusion in the rental catalog), as opposed to the Fair Market Value of a textbook “IHH Inventory” means the new and used textbooks purchased by IHH during the Term of this 2015 Agreement which may be purchased directly from Chegg, through Chegg on behalf of and for the account of IHH (including, without limitation, all textbook inventory purchased under Sections 2(c) below), or through third party suppliers, or any combination thereof, such combination and final amount of which shall be as mutually agreed upon by Chegg and IHH, provided however, in no event will the amount of such purchases by IHH exceed the amount set out for each Buying Period under this 2015 Agreement. If applicable, IHH will endeavor to provide Chegg with a current resale certificate acceptable to the applicable taxing authorities for purchases on behalf of and for the account of IHH and all sales by Chegg to IHH. In the event that a resale certificate is not provided, the applicable sales taxes will be charged. “JIT Sale” means new or used textbooks that are procured at the “time a sale transaction occurs”, due to either Chegg or IHH not having the available inventory on hand [***] Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. Confidential treatment has been granted with respect to this information. 2 “Logistics Agreement” refers to that certain Logistics and Warehouse Agreement, dated October 1, 2014, between Chegg and IBG, which governs IBG’s storage and delivery of Chegg owned textbooks, and which shall remain in effect. Further, the Logistics A...