Common use of Payments to Merchant Clause in Contracts

Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent shall pay Merchant an amount equal to seventy-seven percent (77.0%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall pay to Merchant the Guaranteed Amount in the manner and at the times specified in, as applicable, Section 3.3 and Section 16 below.

Appears in 1 contract

Samples: Agency Agreement (Office Depot Inc)

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Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees to Merchant that the Proceeds of the Sale shall pay Merchant an amount equal to or exceed seventy-seven two percent (77.072%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall ) plus an amount sufficient to pay to Merchant the Guaranteed Amount in the manner and at the times specified in, as applicable, Section 3.3 and Section 16 belowall Expenses.

Appears in 1 contract

Samples: Amended and Restated Agency Agreement (Circuit City Stores Inc)

Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees to Merchant that the Proceeds of the Sale shall pay Merchant an amount equal to seventy-seven or exceed seventy and one half percent (77.070.5%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall ) plus an amount sufficient to pay to Merchant the Guaranteed Amount in the manner and at the times specified in, as applicable, Section 3.3 and Section 16 belowall Expenses.

Appears in 1 contract

Samples: Agency Agreement (Circuit City Stores Inc)

Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees to Merchant that the Proceeds of the Sale shall pay Merchant an amount equal to sixty-four and seventy-seven five one-hundredths percent (77.064.75%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale as determined under Sections 3.4 and 3.5 hereof (the “Guaranteed Amount”). Agent shall ) plus an amount sufficient to pay to Merchant the Guaranteed Amount in the manner and at the times specified in, as applicable, Section 3.3 and Section 16 belowall Expenses.

Appears in 1 contract

Samples: Agency Agreement (Finlay Enterprises Inc /De)

Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees that Merchant shall pay Merchant an amount equal to seventy-seven receive: (i) [ ] percent (77.0[ ]%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall pay to Merchant the Guaranteed Amount in the manner and at the times specified in, as applicable, Section 3.3 and Section 16 below.) plus

Appears in 1 contract

Samples: Agency Agreement

Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees that Merchant shall pay Merchant an amount equal to seventy-seven receive one hundred two and six tenths of one percent (77.0102.6%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall pay to Merchant the , which Guaranteed Amount shall be paid at such time and in the such manner and at the times specified in, as applicable, Section 3.3 and Section 16 below.shall hereinafter be provided

Appears in 1 contract

Samples: Agency Agreement (Linens Holding Co.)

Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees that Merchant shall pay Merchant an amount equal to seventy-seven receive: (i) seventy two percent (77.072%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall pay to Merchant ) plus (ii) the Guaranteed Amount aggregate amount calculated in accordance with Section 7.4 and (iii) the manner and at the times specified in, as applicable, amounts set forth in Section 3.3 and Section 16 below15.9.

Appears in 1 contract

Samples: Agency Agreement (Borders Group Inc)

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Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees that Merchant shall pay Merchant an amount equal to seventy-seven receive percent (77.0( %) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall pay to Merchant the , which Guaranteed Amount shall be paid at such time and in the such manner and at the times specified in, as applicable, Section 3.3 and Section 16 belowshall hereinafter be provided.

Appears in 1 contract

Samples: Agency Agreement

Payments to Merchant. (a) As a guaranty of Agent’s performance hereunder, Agent guarantees that Merchant shall pay Merchant an amount equal to seventyreceive: (i) ninety-seven five and one-tenth of one percent (77.095.1%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”). Agent shall pay to Merchant the Guaranteed Amount in the manner and at the times specified in, as applicable, Section 3.3 and Section 16 below.

Appears in 1 contract

Samples: Agency Agreement (Linens 'N Things Center, Inc.)

Payments to Merchant. (a) As a guaranty of Agent’s 's performance hereunder, Agent guarantees to Merchant that the Proceeds of the Sale shall pay Merchant an amount equal to seventy-seven percent (77.0%) or exceed 41% (the "Guaranty Percentage") of the aggregate Cost Value (as defined below) of the Merchandise included in the Sale as determined under Sections 3.4 and 3.5 hereof (the "Guaranteed Amount”). Agent shall ") plus an amount sufficient to pay to Merchant the Guaranteed Amount in the manner and at the times specified in, as applicable, Section 3.3 and Section 16 belowall Expenses.

Appears in 1 contract

Samples: Agency Agreement (Friedmans Inc)

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