Closeout Merchandise definition

Closeout Merchandise means end of season or excess merchandise that is priced at a greater than normal discount.
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Closeout Merchandise means end of season, out of style, broken stock or excess merchandise that is currently carried by Retailer in a substantial number of its TSA Stores, or merchandise which is available for purchase from a given vendor on a closeout basis for sale in a substantial number of Retailer's TSA Stores, and priced by Retailer at a greater than normal discount for the purpose of reducing inventory or turning inventory quickly, without replenishment.
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Closeout Merchandise means merchandise that remains on hand at the end of -------------------- a fashion season and that Xxxxxxx has determined should be closed out, marked down and disposed of, provided that Xxxxxxx has notified the Company (with a copy to Xxxxxx) of its intent to sell such merchandise as closeout merchandise and the Company (with the concurrence of the Required Members) has consented to the characterization of such merchandise as "Closeout Merchandise" for the purposes of this Agreement.
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Examples of Closeout Merchandise in a sentence

  • Notwithstanding anything contained herein to the contrary, GSI recognizes that there may be instances where there will be an insufficient amount of a particular item of Closeout Merchandise to warrant selling such merchandise on line.

  • Any Closeout Merchandise purchased by GSI from Retailer shall be offered for sale by Retailer only on the Retailer's Web Site.

  • At that time, Retailer shall advise GSI of the cost, sizes and colors available and GSI shall have five business days after receipt of such information to advise Retailer that it will purchase, at Retailer's net cost, up to [*] per cent of the Closeout Merchandise to be received by Retailer, proportionately as to size and color, as ordered by Retailer.

  • In such instances the Retailer shall not be required to offer such items of Closeout Merchandise for sale on line; provided however, the Retailer acknowledges that GSI does not anticipate that this will occur on a regular basis and this should be the exception rather than the usual occurrence.

  • In such instances the Retailer shall not be required to offer such items of Closeout Merchandise to GSI to sell on line; provided however, the Retailer acknowledges that GSI does not anticipate that this will occur on a regular basis and this should be the exception rather than the usual occurrence.

  • Retailer shall advise GSI no later than --------------------- five business days after issuing a purchase order for Closeout Merchandise from a vendor.

  • Retailer shall advise GSI no later than --------------------- ten business days after issuing a purchase order for Closeout Merchandise from a vendor.

  • Retailer may from time to time agree to sell Closeout Merchandise to XXX.xxx on such terms and in such amounts as may be determined by the Parties, provided, however, that Retailer shall use commercially reasonable efforts to make Closeout Merchandise available to XXX.xxx, subject to availability.

  • At that time, Retailer shall advise GSI of the cost, sizes and colors available and GSI shall have two business days to advise Retailer that it will purchase, at Retailer's Net Cost, up to [*] per cent of the Closeout Merchandise to be received by Retailer, proportionately as to size and color, as ordered by Retailer.

  • Retailer shall use its best efforts to advise -------------------- XXX.xxx within ten (10) Business Days after issuing a purchase order for Closeout Merchandise from a vendor.

Related to Closeout Merchandise

  • Cemetery merchandise means merchandise described in section 4(1)(k)(i).

  • Merchandise means any personal property offered or sold for use in connection with the funeral, final disposition, memorialization, or interment of human remains, but which is exclusive of interment rights.

  • Distressed merchandise means an alcoholic product in the possession of the

  • Unsaleable liquor merchandise means a container that:

  • Contract for Goods means any contract, purchase order or agreement for the purchase of goods awarded by the city and whose cost is to be paid from funds belonging to or administered by the city; provided that a “contract” does not include: (i) a delegate agency contract; (ii) a lease of real property;

  • Transient merchant means any person who engages in a temporary or itinerant merchandising business and in the course of such business hires, leases or occupies any building or structure whatsoever, or who operates out of a vehicle which is parked anywhere within the City limits. Temporary association with a local merchant, dealer, trader or auctioneer, or conduct of such transient business in connection with, as a part of, or in the name of any local merchant, dealer, trader or auctioneer does not exempt any person from being considered a transient merchant.

  • shipped includes removal from the work sites by ship or any other means;

  • Retail marijuana store means an entity licensed to purchase marijuana from marijuana cultivation facilities and marijuana and marijuana products from marijuana product manufacturing facilities and to sell marijuana and marijuana products to consumers.

  • Distribution center means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. Distribution center does not mean a building or structure used primarily to store raw agricultural products, used primarily by a manufacturer to store goods to be used in the manufacturing process, used primarily for the storage of petroleum products, or used for the retail sale of goods.

  • Closeout means the process by which a Federal awarding agency de- termines that all applicable adminis- trative actions and all required work of the award have been completed by the recipient and Federal awarding agency.

  • Customer Site means the site owned or leased by the Customer or any other site used to provide the Service, which is directly connected to a PoP managed by Liquid Telecom, as set out in the COF;

  • Containers means any ISO standard container(s) with a maximum height of 9’6” including any reefer and/or other special containers, provided they meet ISO standards.

  • Finished Products means any one or more of the following petroleum oils, or a mixture or combination of these oils, to be used without further processing except blending by mechanical means:

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Goods and/or Services;

  • POS means point of sale.

  • Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

  • Household goods means personal effects and property used or to be used in a dwelling when a part of the equipment or supply of that dwelling. Household goods do not include property moving from a factory or store, unless the property was purchased by the householder with intent to use the property in his or her dwelling, the property is transported at the request of the householder, and the householder pays the carrier's transportation charges either directly or indirectly.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Marijuana wholesaler means a person who purchases marijuana items in this state for resale to a person other than a consumer.

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.

  • Tooling means tools funded or provided by the Buyer.

  • Consumable means any component of a good that is used up recurrently and needs to be replaced for the good to function as intended;

  • Spares means a part or a sub-assembly or assembly for substitution which is ready to replace an identical or similar part or sub-assembly or assembly including a component or an accessory;

  • non-central item means any item which is not in italics in this Collective Agreement.

  • Alcoholic beverages means beverages that are suitable for human consumption and contain one-half of one percent or more of alcohol by volume.