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RETURN RESERVE Sample Clauses

RETURN RESERVE. Seller agrees to assign and transfer its parts and accessories return reserve to the Buyer, if assignable, and allow Buyer to participate in such return reserve accumulated prior to Closing.
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RETURN RESERVE. (a) Bank shall create, on its books, a record known as the "Return Reserve." Amounts credited to the Return Reserve shall be applied solely in accordance with the provisions of this Section 6.04. Except as set forth in Section 6.04(c) below, no interest or other earnings on amounts credited to the Return Reserve shall accrue or be paid for the benefit of Retailers.
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RETURN RESERVE. The return reserve shall be equal to the “Adjusted Gross Profit Percentage” multiplied by the Effective Time accounts receivable balance net of the Specific and General Reserves determined in (a) and (b.) above multiplied by the “Average Net Return Percentage.” Each Group Member’s “Average Net Return Percentage” shall be equal to (x) the sum of its net returns (actual returns less restocking fees) for the calendar years 2005 and 2006, divided by (y) the sum of its gross sales for the calendar years 2005 and 2006. Each Group Member shall determine its “Adjusted Gross Profit Percentage,” which shall be equal to (1) its “Net Gross Profit Percentage” plus (2) an amount equal to one minus management’s estimated net realizable value percentage of returned inventory multiplied by its “Cost of Goods Sold Percentage.” Each Group Member’s “Net Gross Profit Percentage” shall be equal to one minus such Group Member’s “Cost of Goods Sold Percentage”. Each Group Member’s “Cost of Goods Sold Percentage” shall be equal to (x) its standard cost of goods sold for the calendar year 2006, divided by (y) its gross sales less actual returns for the calendar year 2006.
Sample 1
RETURN RESERVE. S&S shall maintain a reserve against customer returns in accordance with the terms outlined in Attachment D hereto.
Sample 1
RETURN RESERVE. MD shall maintain a reserve against customer returns --------------- ("Return Reserve") equal to the amount set forth on Schedule C. MD shall perform periodic return reserve reconciliation reports in order to maintain the proper reserve balance, as determined in consultation with Company. MD shall refund any return reserve overages in a timely and appropriate manner, as is mutually agreed by the parties. In addition, three (3) months after expiration or termination of this Agreement (except as otherwise provided in Paragraph 9.3), MD shall refund any balance remaining in this reserve unless MD is made aware of upcoming returns that would be in excess of the return reserve balance, in which case MI) w0tld retain the reserve in order to cover the cost of such returns. MD reserves the right upon approval from Company (which will not be unreasonably withheld or delayed) to retain a return reserve greater than the amount set forth on Schedule C in -------- such case that MD is made aware of upcoming returns that would be in excess of the return reserve balance.
Sample 1
RETURN RESERVE. Upon termination of this Agreement by Navarre pursuant to Sections 9.1 and 9.2 above, Navarre has the right to withhold payment of all or any portion of any invoice or invoices as a reasonable reserve against future returns, debit balances or chargebacks. Such reserve to be determined based upon rate of sale and unsold inventory exposure. In the event Navarre’s account is in a debit balance, amounts owed Navarre by Vendor will be deducted first from payables and then from the return reserve. Any sum remaining in the return reserve will be paid to Vendor after: (i) clearance of all chargebacks and credits and (ii) upon the earlier of the return of all unsold Products to Vendor or the expiration of the return period specified in Section 6.4 above.
Sample 1

Related to RETURN RESERVE

  • Return Requirements Ordering entity shall coordinate returns with the Contractor. Upon notification by the ordering entity of a duplicate shipment, over-shipment or shipment in poor condition, the products must be promptly removed at the contractor and/or dealer’s expense. Ordering entities reserve the right to return products for defects in material and/or workmanship. In the event of product return, the ordering entity reserves the right to accept either a full refund for the returned product or a replacement of the product.

  • Return Rights The President and Vice-President will have the right to return to the same position or in another position in the same job classification and the same geographic area as determined by the Employer, provided such reemployment is not in conflict with other articles in this Agreement. The employee and the Employer may enter into a written agreement regarding return rights at the commencement of the leave. The period of leave will not impact the employee’s seniority date.

  • Postage Postage for mailing of dividends, proxies, Fund reports and other mailings to all shareholder accounts shall be advanced to the Transfer Agent by the Fund at least seven (7) days prior to the mailing date of such materials.

  • Certified Mail When mailed by certified mail, return receipt requested, notice is effective upon receipt, if delivery is confirmed by a return receipt.

  • Class Mail When mailed first class to the last address of the recipient known to the party giving notice, notice is effective three mail delivery days after deposit in a United States Postal Service office or mailbox.

  • E-mail The Employee acknowledges that the Employer retains the right to review any and all electronic mail communications made with employer provided email accounts, hardware, software, or networks, with or without notice, at any time.

  • Return to Duty The SAPC will meet with a Covered Employee who has tested positive for alcohol and/or drugs. The SAPC will discuss what course of action may be appropriate, if any, and assistance from which the employee may benefit, if any, and will communicate a proposed return-to-work plan, if necessary, to the employee and department. The SAPC may recommend that the Covered Employee voluntarily enter into an appropriate rehabilitation program administered by the Covered Employee’s health insurance carrier prior to returning to work. The Covered Employee may not return to work until the SAPC certifies that the employee has a negative test prior to returning to work. In the event that the SAPC does not schedule a return-to-work test before the Covered Employee’s return-to-work date, the SAPC shall arrange for the Covered Employee to take a return-to-work test within three (3) working days of the Covered Employee notifying the SAPC in writing of a request to take a return-to-work test. If a Covered Employee fails a return-to-work test, the employee shall be placed on unpaid leave until testing negative but shall not be subject to any additional discipline due to a non-negative return-to- work test. The SAPC will provide a written release to the appropriate department or division certifying the employee’s right to return to work.

  • Return to Service Upon completion of a leave of absence, the employee is to be returned to the classification formerly occupied, or to a similar classification if the employee's former classification no longer exists. The employer has the right to fill the position formerly occupied when the employer feels it necessary. An employee may be returned to active pay status prior to the originally scheduled expiration of the leave if such earlier return is agreed to by both the employee and the Superintendent.

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