Licensed Merchandise definition

Licensed Merchandise means (a) with respect to merchandise subject to the Merchandising Agreement, “Licensed Merchandise” as defined therein and (b) with respect to merchandise subject to the E-Commerce Agreement, “Licensed Merchandise” as defined therein.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Licensed Merchandise means Merchandise (as that term is defined in Section 1.C below) that is approved by Licensor in accordance with Section 4 hereof and is sold or promoted by Licensee under the Licensed ▇▇▇▇.

Licensed Merchandise means any goods or services bearing the Institution Trademarks or otherwise designated as licensed by the Institution’s Office of Trademark Management and Licensing.

Examples of Licensed Merchandise in a sentence

• No license is granted hereunder for the use of the Licensed ▇▇▇▇ for any purpose other than upon or in connection with the Licensed Merchandise.

• For purposes of this Agreement, Licensed Merchandise shall be considered "sold" upon the date of invoicing.

• All royalty payments shall accrue upon the sale of the Licensed Merchandise regardless of the time of collection by Licensee.

• So long as no Cash Dominion Trigger Period is in effect, the Borrowers shall cause an amount equal to the estimated Revenue Share amount owing to FLC under the Merchandising Agreement for the preceding week to be deposited into the Licensed Merchandise Account at least weekly, or if required more frequently under the Licensed Merchandise Side-Letter, as frequently as required thereunder.

• Within thirty (30) days of the expiration or termination of this Agreement, Licensee shall provide Licensor with an accurate schedule of all work in process and finished inventory of Licensed Merchandise to which the Licensed ▇▇▇▇ is affixed, which is on hand as of the close of business on the date of such expiration or termination (hereinafter the "Inventory").

• In addition, Licensor shall have the direct right under any such sublicense agreement to exercise direct control over the quality of Licensed Merchandise and related materials to the same extent as it has under this Agreement.

• Any insurance policy purchased by or carried by Licensor or any of its affiliates shall not be required to contribute in case of any loss by any person, including Licensor or Licensee and their affiliates, relating to the Licensed Merchandise and either the Certificate of Insurance to be provided hereunder or an endorsement to such policy shall state the same, with a certified copy of such endorsement accompanying the Certificate of Insurance to be delivered to Licensor.

• It is agreed that nothing herein shall require Licensee to sell Licensed Merchandise at a loss or shall interfere with Licensee's right to sell Merchandise which is not Licensed Merchandise.

• If, upon the expiration or termination of this Agreement, Licensee shall have on hand any Inventory of the Licensed Merchandise and if Licensee is not otherwise in default under this Agreement, Licensee may continue to use the Licensed ▇▇▇▇ solely in connection with the advertising, merchandising, promotion and sale of the Inventory of Licensed Merchandise for a period of up to nine (9) months following the expiration or termination of this Agreement.

• Licensee accepts said grant, and agrees to use its reasonable efforts to exploit the rights granted herein including, without limitation, maintaining a sales force or distribution network sufficient to provide effective distribution of the Licensed Merchandise, and assisting with Licensor's advertising program.

More Definitions of Licensed Merchandise

Licensed Merchandise means any goods (including photographs and memorabilia) bearing Institution Trademarks and, with respect to the Online Store, services (including auction) bearing the Institution Trademarks.

Licensed Merchandise. Licensed Merchandise" shall mean the items described on Exhibit "A" attached hereto and incorporated herein as well as additional items that may be mutually agreed to by the parties in writing and added to Exhibit "A" during the term of this Agreement.

Licensed Merchandise means Merchandise that contains the Licensed ▇▇▇▇.

Licensed Merchandise means Merchandise that is manufactured, sold or promoted by or on behalf of Licensee and which bears the Licensed ▇▇▇▇.