Ulta definition
Examples of Ulta in a sentence
In addition, the Executive and the Company expressly agree that regardless of the requirements set forth in 7.1(a) and (b), the following entities (including their respective parents, subsidiaries, affiliates and divisions) compete with the Company and are subject to the provisions of this Section 7: Macy’s, Inc., ▇▇▇▇’▇ Corporation, Ulta Salon, Cosmetics & Fragrance, Inc., ▇▇▇▇, Inc., ▇.▇.
The Ulta Liability Amount shall decrease by the amount of New Product Sales by Buyer, from time to time, and once New Product Sales (measured using the Net Sales definition) equal or exceed the Ulta Liability Amount, then all Liabilities associated with the Ulta Held Inventory shall become an Assumed Liability.
As of the Closing, the Excluded Liabilities includes the wholesale value of returns of the Product inventory held by Ulta as of the Closing (“Ulta Held Inventory”), which, as of Closing, has a wholesale value of approximately $1,010,000 (the “Ulta Liability Amount”).
In the event of Product returns of the Ulta Held Inventory by Ulta, Buyer shall be obligated to purchase the returned Products (except those returned Products that are reasonably deemed to be damaged, expired or otherwise unsaleable) from Seller at Seller’s true cost of manufacturing for such returned Products.
All notices, requests and demands upon the parties are to be given to the following addresses (or to such other address as any party may designate by notice in accordance with this Section): If to Borrower: Ulta Salon, Cosmetics & Fragrance, Inc.
Notwithstanding the foregoing, on the one-year anniversary of the Closing, all Liabilities associated with the Ulta Held Inventory shall become an Assumed Liability.
Each Borrower hereby irrevocably appoints Ulta Salon as the borrowing agent and attorney-in-fact for all Borrowers (the “Borrower Representative”) which appointment shall remain in full force and effect unless and until Administrative Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Borrower Representative.
Following Closing, Buyer agrees to use commercially reasonable efforts to sell Products to Ulta (such sales being “New Product Sales”) and to support the resale of Products sold to Ulta.
I understand and agree that I will receive valuable Confidential Information of Ulta and may obtain exposure to key suppliers and regular and near permanent customers of Ulta, including the membership and operations of the Ulta Beauty Club and similar programs.
The fact and terms of this Agreement are not an admission by Ulta of liability or other wrongdoing under any law or otherwise.