Discounted Goods definition

Discounted Goods means all Licensed Products which are (a) sold to approved off-price accounts as listed on Schedule 5.4(b) hereto, as it may be amended from time-to-time, (b) Seconds, end-of-season excess inventory or returns, or (c) sold by Licensee at a wholesale price which is at least * percent (*%) less than the prevailing wholesale price at which Licensee has customarily sold a significant volume of such Licensed Products to approved accounts listed on Schedule 5.4(a) hereto, as it may be amended from time-to-time.
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Discounted Goods means all Licensed Products which are (a) sold to approved off-price accounts as listed on Schedule 5.4(b) hereto, as it may be amended from time-to-time, (b) Seconds, end-of-season excess inventory or returns, or
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Discounted Goods means all Licensed Products which are (a) sold to approved off-price accounts as listed on Schedule 5.4(b) hereto, as it may be amended from time-to-time, (b) Seconds, end-of-season excess inventory or returns, or (c) sold by Licensee at a wholesale price which is *** less than the prevailing wholesale price at which Licensee has sold, at the beginning of each selling season, a significant volume of such Licensed Products to approved accounts listed on Schedule 5.4(a) hereto, as it may be amended from time-to-time. "NON-QUALIFIED DISCOUNTED GOODS" shall mean all Discounted Goods sold in each Contract Year in excess of *** of the total units of Licensed Products sold by Licensee in such Contract Year.
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Examples of Discounted Goods in a sentence

  • Unless otherwise agreed in writing, Discounted Goods sold by Licensee in each Contract Year shall not exceed * percent (*%) of the total units of Licensed Products sold by Licensee in such Contract Year.

  • Licensee may sell its inventory of Discounted Goods to Off-Priced Stores and to approved off-price accounts as provided in Section 5.4. Licensee shall clearly and permanently “red line” the labels of any Seconds, and shall require any off-price accounts not to advertise or promote the Licensed Products.

  • Licensee shall send to Licensor with each royalty payment a statement certified to be accurate by an officer of Licensee, which completely and accurately sets forth a detailed accounting of (i) the quantities of Licensed Products and Discounted Goods shipped and/or sold during the preceding month by product and size.

  • Licensee shall not sell Non-Qualified Discounted Goods without Licensor's prior written approval.

  • Licensee may sell such inventory of Discounted Goods as Licensor Retail Stores do not purchase to approved off-price accounts as provided in Section 5.4. Licensee shall clearly and permanently "red line" the labels of any Seconds, and shall require any off-price accounts not to advertise or promote the Licensed Products.

  • Licensee shall sell Discounted Goods to Licensor Retail Stores at the manufacturing cost thereof, and shall advise Licensor as to its inventory of Discounted Goods on a timely basis and otherwise make Discounted Goods reasonably available to Licensor Retail Stores.

  • Unless otherwise agreed in writing, Discounted Goods sold by Licensee in each Contract Year shall not exceed ten percent (10%) of the total units of Licensed Products sold by Licensee in such Contract Year.

  • Licensee may sell its inventory of Discounted Goods to Off-Priced Stores (Outlets).

  • Unless otherwise agreed in writing, Net Sales of any Non-Qualified Discounted Goods shall be deemed to have occurred at the regular wholesale price thereof.