YSL definition
Examples of YSL in a sentence
In case no agreement is reached with YSL Beauté for the termination of the licence agreement between such company and LICENSOR, and no agreement be reached by the parties on the termination (see Section 20) on the date of September 30, 2006, the latest, this AGREEMENT shall not become effective and shall be nul and void.
At YSL, ZBF and YYY, one (1) member of management may perform covered duties for a maximum of four (4) hours per day five (5) days per week.
LICENSEE is informed of the current licence agreement for Products under the Trademarks (both as hereinafter defined) with YSL Beauté and the parties agree that this Agreement shall only enter into force if and when the current licence agreement with YSL Beauté will have been terminated and the terms of Section 3.1, 7.1 and 20 has been agreed on in writing.
YSL & Associates LLC, which has audited the Financial Statements, is an independent accounting firm within the rules and regulations adopted by the SEC.
The parties will separately agree (the Section 7.1 above, no later than as per September 30, 2006) on the terms and conditions of the transition following the termination of the licence agreement between YSL Beauté and LICENSOR (in particular, then current stock of PRODUCT, after sales service for the PRODUCTS sold under aforesaid agreement).
Despite this deal being small relative to L’Oréal’s market capitalization of around €222bn at the time of writing, the acquisition is still the largest in the firm’s history, surpassing the 2008 acquisition of YSL beauty for $1.7bn.
The YSL Landed Cost Price in relation to the part of the Business in the Chinese Mainland are payable within 60 days from the Completion Date and the remaining part of the Consideration of the Proposed Transfer is payable no later than 8 days from the Completion by the Buyers in cash.
Though YSL technically takes place over roughly 8-10 weeks in the spring, it requires year-round outreach and attention in order to maintain current programs and develop new ones.
The consideration for the Proposed Transfer comprises EUR15 million and the YSL Landed Cost Price (collectively, the “Consideration of the Proposed Transfer”).
LICENSOR and LICENSEE wish to amend the Licence Agreement to confirm and specify the lump sum entrance fee and the conditions in relation to the transition from YSL Beauté, respectively Parfums Van Cleef & Arpels SA and the LICENSEE.