Close-Outs definition

Close-Outs means second quality, irregular, out of season or damaged Licensed Products that remain merchantable, or Licensed Products which are sold for more than ****** percent (******%) below the suggested wholesale price.
Sample 1Sample 2Sample 3
Close-Outs means first quality Licensed Products that under applicable industry standards cannot be or are not sold to regular customers.
Sample 1Sample 2
Close-Outs means any Licensed Products that are sold for a price no greater than the sum of direct manufacturing and shipping costs plus any Third Party Fees and Royalties. -------- * Certain information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities and Exchange Act of 1934, as amended.
Sample 1

Examples of Close-Outs in a sentence

  • The principal investigator (or other person specifically approved by the Requestor) for the applicable Project, who prepares DARs, Project Renewals and Project Close-Outs for such Project.

  • Close-Outs Section 7.1 of the Jeanswear License is hereby amended effective as of and for the Annual Period commencing January 1, 2004 and for all Annual Periods thereafter to provide that the reduced Percentage Fee shall be applicable to Gross Sales of Close-Out Articles up to *** of Licensee's total Gross Sales of Articles in any Annual Period.

  • Licensee shall have the right to sell Seconds and Close-Outs to outlet stores operated by Licensee or an Affiliate of Licensee.

  • Licensee may sell Seconds and Close-Outs only in a *CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT 23 way that will not reduce the value of the Trademarks and shall obtain the express prior written consent of Licensor with respect to the terms (other than the price or any terms affecting the price) and method of such disposal.

  • Licensee agrees to distribute Licensed Products, including Close-Outs, only to those retailers that are listed on “Exhibit J” and any other customer approved hereafter by Licensor.

  • At the beginning of each season, Licensee shall offer for sale Close-Outs to Licensor’s or its Affiliates’ outlet stores (“Outlet Stores”), prior to offering such Close-Outs to other parties.

  • In addition, any such approvals shall authorize Licensee to make only such quantities of the approved item as Licensee reasonably expects to sell to its regular customers (excluding customers approved for sales of Close-Outs) and to Licensor, Licensor’s Affiliates and Distributors.

  • Budget Releases ▪ Project Request Forms, Project Funding Requests and Project Close-Outs will be completed within 48 hours or requestors will be notified.

  • Outs may be disposed of by Licensee through its Normal Channels of Distribution for Close-Outs, as described in “Exhibit J”.

  • Travel Services “the provider” Xxx Xxxxxxx, 14 CH-1202 Geneva, Switzerland Xx. Xxxxx Xxxxxxx Phone: +000 00 00 00 00 Fax: +000 00000000 Email: xxxxxxxxxxx@xxxxx-xxxxxxx.xx Email for Close-Outs: (please provide your email for close out dates submission)…………………………………………………………………..


More Definitions of Close-Outs

Close-Outs means Units of a particular Model of Licensed Products in existence or in the manufacturing process at the time such Model is discontinued, or any product sold at a price Twenty Percent (20%) less than the original wholesale price, provided that in no event shall the aggregate close-outs in any year exceed Fifteen Percent (15%) of gross sales without Licensor's prior written consent.
Sample 1
Close-Outs are defined as excess inventory that Licensee desires to move at the end of the season that was not generated based on a forward-looking production order and that is sold at a discount of more than twenty five percent (25%) off of the regular wholesale price. “Second Quality Products” are defined as Seconds and Close-Outs.
Sample 1
Close-Outs means first quality Licensed Products that under applicable industry standards cannot be or are not sold to regular customers, although they were originally intended for sale to such customers. Close-Outs shall not include Licensed Products specifically manufactured for Close-Out customers, which Licensed Products may not be manufactured without Sweetface's express written approval.
Sample 1
Close-Outs for this purpose is defined as merchandise sold 20% or more below list price. (f) Fees will be paid quarterly, within thirty (30) days following the end of each quarter. Licensee will furnish Licensor with the written statement, certified to be true and accurate by an officer of the company, setting forth the relevant data pertaining to sales of Licensed Products and the computation of the amount due to Licensor. The relevant data to be provided with each such statement shall include the number of units and dollar sales volume for each style of Licensed Products sold during such period. Total sales amounts by account within the reported period shall also be provided separately. Both parties presently, for accounting purposes, are on a calendar year and hence, quarterly intervals shall be considered on a calendar year. If either party decides to change its accounting procedures, it may do so upon written notice to the other party. (g) Licensee shall keep or cause to be kept accurate and regular accounts of each Licensed Product subject to the provisions of the Agreement, so long as it receives or is entitled to receive payment with respect to sales of Licensed Products or within five years of such sales, whichever is earlier. Said books of accounts and all other documents of Licensee relating thereto, shall be kept at its place of business and shall, at any time during normal business hours and from time to time, be produced for the inspection by Licensor or Licensor's representatives at Licensee's place of business who shall be at liberty to inspect the same and make copies of or extract therefrom, in whole or in part. Such rights of Licensor shall be exercised, if at all, upon reasonable notice to the Licensee and in a manner so as not to interfere with the normal operations of Licensee. Any claim by Licensor that a report is
Sample 1
Close-Outs means first quality Licensed Products that under applicable industry standards cannot be, or are not sold to Full Price Accounts, although they were originally intended for sale to such accounts (such as overruns and excess merchandise).
Sample 1
Close-Outs means any Licensed Products that are sold for a price no greater than the sum of direct manufacturing and shipping costs plus any Third Party Fees and Royalties.
Sample 1

Related to Close-Outs

  • Close Out means the termination, cancellation, liquidation, acceleration, or other similar action with respect to all transactions under one or more Contracts.

  • Close-out Amount means, with respect to each Terminated Transaction or each group of Terminated Transactions and a Determining Party, the amount of the losses or costs of the Determining Party that are or would be incurred under then prevailing circumstances (expressed as a positive number) or gains of the Determining Party that are or would be realised under then prevailing circumstances (expressed as a negative number) in replacing, or in providing for the Determining Party the economic equivalent of, (a) the material terms of that Terminated Transaction or group of Terminated Transactions, including the payments and deliveries by the parties under Section 2(a)(i) in respect of that Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date (assuming satisfaction of the conditions precedent in Section 2(a)(iii)) and (b) the option rights of the parties in respect of that Terminated Transaction or group of Terminated Transactions. Any Close-out Amount will be determined by the Determining Party (or its agent), which will act in good faith and use commercially reasonable procedures in order to produce a commercially reasonable result. The Determining Party may determine a Close-out Amount for any group of Terminated Transactions or any individual Terminated Transaction but, in the aggregate, for not less than all Terminated Transactions. Each Close-out Amount will be determined as of the Early Termination Date or, if that would not be commercially reasonable, as of the date or dates following the Early Termination Date as would be commercially reasonable. Unpaid Amounts in respect of a Terminated Transaction or group of Terminated Transactions and legal fees and out-of-pocket expenses referred to in Section 11 are to be excluded in all determinations of Close-out Amounts. In determining a Close-out Amount, the Determining Party may consider any relevant information, including, without limitation, one or more of the following types of information:—

  • Close-Out Date means a day on which, pursuant to the provisions of Section 8.1, the Non-Defaulting Party closes out Currency Obligations and/or Options or such close-out occurs automatically. "Closing Gain", as to the Non-Defaulting Party, means the difference described as such in relation to a particular Value Date under the provisions of Section 8.1.

  • close links means a situation in which two or more natural or legal persons are linked by:

  • Close at Profit means offer to close a Transaction in an FX and CFD position at a price determined in advance by you which, in the case of a Buy is higher than the opening Transaction price and in the case of a Sell is lower than the opening Transaction price.

  • Close-out Report means a report from the Grantee allowing the Grantor to determine whether all applicable administrative actions and required work have been completed, and therefore closeout actions can commence.

  • Close at Loss means an offer to close a Transaction in an FX and CFD position at a price determined in advance by you which, in the case of a Buy is lower than the opening Transaction price and in the case of a Sell is higher than the opening Transaction price.

  • Close contact means being within six feet of a COVID-19 case for a cumulative total of 15 minutes or greater in any 24-hour period within or overlapping with the “high-risk exposure period” defined by this section. This definition applies regardless of the use of face coverings.

  • Running at Large means any dog while roaming, running or self-hunting off the property of its owner or custodian and not under its owner's or custodian's immediate control.

  • Close of Trading means the Scheduled Closing Time of the Relevant Stock Exchange with respect to the Fund or any Successor Fund; and

  • Open dump means a site on which any solid waste is placed, discharged, deposited, injected,

  • close relative means a parent, parent-in-law, son, son-in-law, daughter, daughter-in-law, step-parent, step-son, step-daughter, brother, sister, or if any of the preceding persons is one member of a couple, the other member of that couple;

  • Mass of a vehicle in running order means the mass of an unladen vehicle with bodywork, and with coupling device in the case of a towing vehicle, or the mass of the chassis with cab if the manufacturer does not fit the bodywork and/or coupling device, including coolant, oils, 90 per cent of fuel, 100 per cent of other liquids except used waters, tools, spare wheel, driver (75 kg) and, for buses and coaches, the mass of the crew member (75 kg) if there is a crew seat in the vehicle.

  • Permanent exclusion means the student is banned forever from attending a public school in the State of Ohio. (See Policy 5610.01)

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Average Daily Managed Assets of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.

  • Total Loss Date means, in relation to a Ship:

  • Step-In Period means the period from the Step-In Date up to and including the Step-Out Date.

  • Relevant Exchange means the Relevant Exchange as specified in § 2 of the Product and Underlying Data.In the case of a material change in the market conditions at the Relevant Exchange, such as a final discontinuation of the quotation of the Underlying at the Relevant Exchange and the quotation at a different stock exchange or a considerably restricted number or liquidity, the Relevant Exchange shall be substituted as the Relevant Exchange by another exchange that offers satisfactorily liquid trading in the Underlying (the "Substitute Exchange"); such exchange shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith. In this case, any reference to the Relevant Exchange in the Terms and Conditions of these Securities shall be deemed to refer to the Substitute Exchange.

  • Close of Escrow means the date of the close of escrow between the builder and the original homeowner. With respect to claims by an association, as defined in Section 4080, “close of escrow” means the date of substantial completion, as defined in Section 337.15 of the Code of Civil Procedure, or the date the builder relinquishes control over the association’s ability to decide whether to initiate a claim under this title, whichever is later.

  • Open video system means an open video system authorized pursuant to 47 U.S.C. § 573 and, for

  • Gross vehicle mass or "maximum mass" means the technically permissible maximum laden mass as declared by the manufacturer.

  • Close links shall mean a situation in which two or more natural or legal persons are linked by:

  • Unwind Period For any Cash Settlement or Net Share Settlement, the period starting on the First Unwind Date for such Settlement and ending on the Valuation Date for such Settlement.

  • multilateral trading facility (MTF means a multilateral system in the Union within the meaning of Article 2(1)(6) of Regulation[MiFIR].

  • Close proximity means that the disclosure is very near the triggering representation. For example, a disclosure made through a hyperlink, pop-up, interstitial, or other similar technique is not in close proximity to the triggering representation.