Common use of Gross Rings Clause in Contracts

Gross Rings. In the event that Merchant and Agent agree under the terms of the Asset Agreement that the Sale may commence in any particular Store prior to the completion of the Inventory Count at such Store, then for the period from the Start Date for such Store, until the Inventory Count is taken in such Store, Agent and Merchant shall jointly keep a strict count of gross register receipts less applicable sales tax ("Gross Rings") and cash reports of sales within such Store. The register receipts shall show for each item sold the selling price and the Storewide or other discount granted by Agent in connection with such sales. All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice.

Appears in 1 contract

Samples: Agreement (Best Products Co Inc)

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Gross Rings. In the event that Merchant and Agent agree under the terms of the Asset Agreement that the Sale may commence in commences at any particular Store prior to the completion of the Inventory Count Taking at such Store, then for the period from the Start Date sale commencement date for such Store, store until the Inventory Count is taken in inventory date for such Storestore, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts or Merchant's system less applicable sales tax Sales Taxes ("Gross Rings"), and (ii) and cash reports of sales within such Store. The register Register receipts 157 shall show for each item sold the selling price Retail Price for such item and the Storewide or other markdown or discount granted by Agent in connection with such salessale. All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice.

Appears in 1 contract

Samples: Agency Agreement (Franks Nursery & Crafts Inc)

Gross Rings. In the event that Merchant and Agent agree under the terms of the Asset Agreement that the Sale may commence in any particular Store prior to the completion of the Inventory Count at such Store, then for the period from the Start Date for such Store, until the Inventory Count is taken in such Store, Agent and Merchant shall jointly keep a strict count of gross register receipts less applicable sales tax ("Gross Rings") and cash reports of sales within such Store. The register receipts shall show for each item sold the selling price Item Value and the Storewide or other discount granted by Agent in connection with such sales. , All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice.

Appears in 1 contract

Samples: Best Products Co Inc

Gross Rings. In the event that Merchant and Agent agree under the terms of the Asset Agreement that the Sale may commence in commences at any particular Store prior to the completion of the Inventory Count Taking at such Store, then for the period from the Start Sale Commencement Date for such Store, until the Inventory Count is taken in Date for such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts less applicable sales tax Sales Taxes ("Gross Rings"), and (ii) and cash reports of sales within such Store. The register Register receipts shall show for each item sold the selling price Retail Price for such item and the Storewide markdown or other discount discount, if any, specifically granted by Agent in connection with such salesSale. All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice.

Appears in 1 contract

Samples: Agency Agreement (Crown Books Corp)

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Gross Rings. In the event that Merchant and Agent agree under the terms of the Asset Agreement that the Sale may commence in commences at any particular Store prior to the completion of the Inventory Count Taking at such Store, then for the period from the Start Sale Commencement Date for such Store, Store until the Inventory Count is taken in Date for such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts less applicable sales tax Sales Taxes ("Gross Rings"), and (ii) and cash reports of sales within such Store. The register Register receipts shall show for each item sold the selling price Retail Price for such item and the Storewide or other markdown or discount granted by Agent in connection with such salessale. All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice.

Appears in 1 contract

Samples: Agency Agreement (Phar Mor Inc)

Gross Rings. In the event that Merchant and Agent agree under the terms of the Asset Agreement that the Sale may commence in commences at any particular Store prior to the completion of the Inventory Count Taking at such Store, then for the period from the Start Sale Commencement Date for such Store, until the Inventory Count is taken in Date for such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts Gross Register Receipts less applicable sales tax Sales Taxes ("Gross Rings"), and (ii) and cash reports of sales within such Store. The register Register receipts shall show for each item sold the selling price Retail Price for such item and the Storewide markdown or other discount discount, if any, specifically granted by Agent in connection with such salesSale. All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice. Gross Register Receipts shall be the Retail Price of cash items sold.

Appears in 1 contract

Samples: Agency Agreement (Solo Serve Corp)

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