FT Products definition
Examples of FT Products in a sentence
Notwithstanding Section 3.1, until the Notice Date, Nomad shall be permitted to source FT Products directly from the Manufacturer.
Subject to compliance with Section 4 hereof, upon termination of this Agreement, Nomad shall be entitled to sell off any inventory of the FT Products in Nomad’s possession or control or which are subject to binding purchase orders on the date such termination is effective.
Knight shall initially invoice Nomad for the Cost of Goods for FT Products supplied hereunder.
Knight may impose reasonable credit limits on the amount of FT Products that are on order or unpaid from time to time.
Nomad shall pay Knight’s invoice for the Cost of Goods no later than thirty (30) days after delivery of FT Products relating thereto.
The parties acknowledge that to the extent that the Manufacturer does not supply the packaging for the FT Products, Knight shall not be obliged to supply packaging to Nomad.
Knight will supply FT Products to Nomad at a price (the “Product Price”) equal to the aggregate of (i) the Cost of Goods and (ii) sixty percent (60%) of the Gross Sales.
Nomad will make payments to Knight equal to sixty percent (60%) of Gross Sales in respect of the period from November 1, 2015 and until Nomad exhausts sales of FT Products sourced from such directly acquired inventory.
The Parties shall negotiate in good faith towards an appropriate response to such a Governmental Authority in respect of each proposed change in the quality of the FT Products including any costs associated with implementing said changes.
Subject to Section 3.5 below, ▇▇▇▇▇▇ will, at ▇▇▇▇▇’s request, facilitate any claims, demands, complaints or similar actions that Nomad wishes to assert against the Manufacturer in respect of FT Products purchased by ▇▇▇▇▇ from Knight.