Common use of Gross Rings Clause in Contracts

Gross Rings. In the event that the Sale commences at any Store prior to the completion of the Inventory Taking at such Store, then for the period from the Sale Commencement Date until the Inventory Date for such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts less applicable Sales Taxes ("Gross Rings"), and (ii) cash reports of sales within such Store. Register receipts shall show for each item sold the Retail Price for such item and the markdown or discount, if any, specifically granted by Agent in connection with such Sale. 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 that the Sale commences at may commence in any particular Store prior to the completion of the Inventory Taking Count at such Store, then for the period from the Sale Commencement Start Date for such Store, until the Inventory Date for Count is taken in such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts less applicable Sales Taxes sales tax ("Gross Rings"), ) and (ii) cash reports of sales within such Store. Register The register receipts shall show for each item sold the Retail Price for such item Item Value and the markdown Storewide or discount, if any, specifically other discount granted by Agent in connection with such Sale. 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: Asset Purchase Agreement (Best Products Co Inc)

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

Gross Rings. In the event that the Sale commences at any Store prior to the completion of the Inventory Taking at such Store, then for the period from the Sale Commencement Date until the Inventory Date for such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts Gross Register Receipts less applicable Sales Taxes ("Gross Rings"), and (ii) cash reports of sales within such Store. Register receipts shall show for each item sold the Retail Price for such item and the markdown or discount, if any, specifically granted by Agent in connection with such Sale. 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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Gross Rings. In the event that the Sale commences at any Store prior to the completion of the Inventory Taking at such Store, then for the period from the Sale Commencement Date for such Store until the Inventory Date for such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts less applicable Sales Taxes ("Gross Rings"), and (ii) cash reports of sales within such Store. Register receipts shall show for each item sold the Retail Price for such item and the Storewide or other markdown or discount, if any, specifically discount granted by Agent in connection with such Salesale. 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)

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