Consignment Payment definition

Consignment Payment has the meaning set forth in Section 8.
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Consignment Payment means any payment to the Borrower by Sam's Club for Inventory consigned by the Borrower to Sam's Club.
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Examples of Consignment Payment in a sentence

  • Upon not less than seven (7) days written notice, Consignor shall have the right to audit the books and records of Consignee relating to sales of Consigned Merchandise for the purpose of determining the correctness of Consignee’s computation and payment of the Consignment Payment.

  • Without otherwise limiting Section 10, Consignor shall have the right to terminate the Agreement if Consignee shall (i) fail to pay any part of the Consignment Payment when due and shall fail to cure such non-payment within fifteen (15) days after receiving written notice, unless the amount required to be paid is the subject of a good faith dispute between the Parties and undisputed amounts, as of the last due date prior to notice being given, have been paid.

  • Each Consignment Payment will be due to SupportSoft net 30 days from the Saturday that marks the end of the corresponding retail week.

  • Fifteen (15) days prior to the end of each calendar quarter any part of which is during the Term, Consignee shall deliver to Consignor (i) a written statement showing all Net Sales during such calendar quarter and (ii) the Consignment Payment due upon such Net Sales.

  • The Minimum Consignment Payment shall be pro-rated during the first and last calendar quarters of the Term to reflect the portion of such calendar quarters during which this Agreement is in effect.

  • The Consignment Payment shall be equal to TEN percent (10%) of Consignee’s Net Sales of Consigned Merchandise, plus such additional amount, if any, as may be necessary for Consignee to pay the Minimum Consignment Payment.

  • Regardless of the amount of Net Sales, the Minimum Consignment Payment during any calendar quarter shall be Four Hundred Thousand Dollars ($400,000) (the “Minimum Consignment Payment”); provided, that any payment by Consignee to Lex during any calendar quarter pursuant to the Registration License shall be included for purposes of determining whether Consignee has paid the Minimum Consignment Payment for such calendar quarter.

  • Within thirty (30) days after the end of each calendar quarter any part of which is during the Term, Consignee shall deliver to Consignor (i) a written statement showing all Net Sales during such calendar quarter and (ii) the greater of (A) the Consignment Payment due upon such Net Sales and (B) the Minimum Consignment Payment.

  • During the Extended Period, the Consignment Payment shall be equal to six percent (6%) of Consignee’s Net Sales of Consigned Merchandise, plus such additional amount, if any, as may be necessary for Consignee to pay the Minimum Consignment Payment.

  • During the Initial Period, the Consignment Payment shall be equal to eleven percent (11%) of Consignee’s Net Sales of Consigned Merchandise, plus such additional amount, if any, as may be necessary for Consignee to pay the Minimum Consignment Payment.