Bookstore Stock and Sales. 9.1 Follett shall purchase from School all salable and rentable merchandise in the Store, including new textbooks, used textbooks, trade, reference and technical books, Rental Program inventory and/or Inclusive Access Program (or its equivalent) inventory, whether in stock or rented, and general merchandise. Xxxxxxx will conduct a financial inventory of saleable merchandise. School may observe the inventory if desired. Within 120 days following the later of the completion of the inventory and/or completion of integrations, Follett shall pay School for the merchandise as follows:
a) New Textbooks
1. Follett will purchase new textbooks adopted for the next academic term, in quantities not exceeding course requirements provided they such purchases do not exceed quantities sold in the previous term (which School shall provide upon request), at standard industry discounts or cost. New textbooks purchased that are not utilized or remain unsold in the next academic term and are not returnable to the publisher will be charged back to School
2. Follett will purchase new textbooks not adopted for the next academic term, or adopted but in excess of course requirements, at the current wholesale price.
b) Used Textbooks
1. Follett will purchase used textbooks adopted for the next academic term, in quantities not exceeding course requirements up to quantities sold the previous term, at 50% of the current retail selling price. Used textbooks purchased that are not utilized or remain unsold in the next academic term and are not returnable to the wholesaler will be charged back to School.
2. Follett will purchase used textbooks not adopted for the next academic term, or adopted but in excess of course requirements, at current wholesale price.
c) Trade, Reference and Technical Books (“Trade Books”)
1. Xxxxxxx will purchase Trade Books that have been purchased during the past academic year and are returnable to the publisher at standard industry discounts or cost.
2. Follett will purchase Trade Books not meeting these requirements at a price agreeable to School and Follett.
Bookstore Stock and Sales. In the case that TCC requests that Advanced hold specific special inventory for the benefit of TCC, those products will be set forth in Exhibit A (if applicable). TCC acknowledges that Advanced will not be able to use in connection with any customer other than those products that will be set forth in Exhibit A. Accordingly, Advanced may request payment, and TCC shall render payment, for the products described in Exhibit A for quantities up to, but not exceeding, the maximum quantity for each product shown in Exhibit A upon the occurrence of any of the following events:
