CONSIGNMENT TERM definition

CONSIGNMENT TERM. The consignment term is 90 days. The consignment term starts on the date an item is logged into Orange Bay Company’s inventory system. Merchandise not sold in 30 days will be marked down 15%; merchandise not sold in 60 days will be marked down an additional 15%. Both markdowns are from the original selling price. Consignors are not permitted to retrieve unsold merchandise prior to the expiration of the consignment term unless expressly authorized by the Company. Items may not be advertised for sale through other resale vehicles (e.g., newspaper or online classified ads) once contract is signed. PROMOTIONS: Consignor agrees to participate in any Orange Bay Company promotions and discounts during their consignment term in an effort to promote and sell items.
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CONSIGNMENT TERM. The consignment term spans 90 days, commencing from the date an item is logged into Orange Bay Company's inventory system. Merchandise remaining unsold after 30 days will be discounted by 15% of the original selling price. If unsold after 60 days, an additional 15% markdown will be applied. Consignors are strictly prohibited from retrieving unsold merchandise before the expiration of the consignment term unless expressly authorized by the Company. Furthermore, the Consignor is prohibited from advertising the items for sale through other resale channels (e.g., newspaper or online classified ads) once the contract is executed.
Sample 1Sample 2
CONSIGNMENT TERM. The consignment term is 90 days. The consignment term starts on the date an item is logged into Orange Bay Company’s inventory system. Merchandise not sold in 30 days will be marked down 15%; merchandise not sold in 60 days will be marked down an additional 15%. Both markdowns are from the original selling price. Consignors are not permitted to retrieve unsold merchandise prior to the expiration of the consignment term unless expressly authorized by the Consignee, and at which time will be charged a 20% penalty fee on the Initial Consignment Price. Items may not be advertised for sale through other retail vehicles (e.g., newspaper or online classified ads) once contract is signed. PROMOTIONS: Consignor agrees to participate in any Orange Bay Company promotions, staging projects and discounts during their consignment term in an effort to promote and sell items.
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Related to CONSIGNMENT TERM

  • Agreement Term has the meaning set forth in Section 11.1.

  • License Term means the duration of a License as specified in the Order.

  • Money Term means with respect to any Mortgage Loan, Serviced Companion Loan or B Note, the Maturity Date, Mortgage Rate, principal balance, amortization term or payment frequency thereof or any provision thereof requiring the payment of a Prepayment Premium in connection with a principal prepayment (and shall not include Late Fees or Default Interest provisions).

  • Payment Term means the length of time for payment of a Deferred Annual Award under Section 4.2.

  • Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Licence Term means the Initial Term plus any Further Term; Licensee means You and/or the Permitted Users;

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Medical equipment supplier means any person, as defined in § 1-230, engaged in the delivery to the ultimate consumer, pursuant to the lawful order of a practitioner, of hypodermic syringes and needles, medicinal oxygen, Schedule VI controlled devices, those Schedule VI controlled substances with no medicinal properties that are used for the operation and cleaning of medical equipment, solutions for peritoneal dialysis, and sterile water or saline for irrigation.

  • Video lottery terminal sales agent means a lottery sales agent licensed under Chapter 3770. of the ORC to conduct video lottery terminals on behalf of the state pursuant to Section 3770.21 of the ORC.

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Client Terminal means the MetaTrader program version 4 and/or 5, which is used by the Client in order to obtain information of financial markets (which content is defined by the Company) in real-time, to make technical analysis of the markets, make Transactions, place/modify/delete Orders, as well as to receive notices from the Company. The program can be downloaded on the Website free of charge.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Investment Term : means the period from the Investment Start Date to maturity.

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Major medical equipment means medical equipment which is used for the provision of medical and other health services and which costs in excess of the capital expenditure minimum, except that such term does not include medical equipment acquired by or on behalf of a clinical laboratory to provide clinical laboratory services if the clinical laboratory is independent of a physician's office and a hospital and it has been determined under Title XVIII of the Social Security Act to meet the requirements of paragraphs (10) and (11) of Section 1861(s) of such Act. In determining whether medical equipment has a value in excess of the capital expenditure minimum, the value of studies, surveys, designs, plans, working drawings, specifications, and other activities essential to the acquisition of such equipment shall be included.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • Original equipment manufacturer means a company that manufactures products that it has designed from purchased components and sells those products under the company's brand name.

  • Vehicle Term with respect to each Lease Vehicle shall extend from the Vehicle Lease Commencement Date through the earliest of:

  • Commercial Sale means the sale of Product (as indicated by shipment of Product) to an unaffiliated third-party of the Licensee, or of its sublicensee or distribution partner, such as a wholesaler, managed care organization, hospital or pharmacy and shall exclude (i) any transfer of Product by Licensee to its sublicensee, distribution partner or Affiliate and (ii) any distribution of Product for use in research, development, pre-clinical and clinical trials.

  • Patent Term Extension means any term extensions, supplementary protection certificates and equivalents thereof offering Patent protection beyond the initial term with respect to any issued Patents.

  • Services Term means the period during which you are entitled by Red Hat to use, receive access or consume a particular Red Hat Product pursuant to an Order Form or Business Partner order.

  • Obsolete Inventory means items that have expired, are redundant or

  • Excluded Products means the items described on the applicable restricted products per country, any other applicable Program Policy, or any other information made available to you by LINIO.