Defective Allowance definition

Defective Allowance means a discount granted by a manufacturer to a retailer as a result of defective merchandise received by the retailer and pursuant to which, the retailer also retains the merchandise.
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Defective Allowance. A [**]% of Standard Wholesale Price Defective Allowance ("DFA") to be deducted by Distributor. The DFA deduction will be adjusted to the actual Defective Return Percentage ("DFP") at the end of every calendar quarter. Product can be returned to Vendor or Destroyed On-Site ("DOS"). Retailers that DOS defective product rather than return defective product to Distributor will receive 100% credit. Vendor may audit the product in Distributor's warehouse prior to DOS within 15 days of receiving written notice from Distributor. Retailer DOS audit based on retailer claim summaries which generally indicate the product title, retailer SKU, and quantity. Catastrophic Defect: Regular DFA does not cover catastrophic defective product. Catastrophic defined as a DFP greater than [**] percent ([**]%) of gross purchases on a title-by-title basis. Catastrophic includes product with substandard packaging. Market Development Funds ("MDF"): [**]% of Standard Wholesale Price will be deducted by Distributor on a per unit basis for costs associated with the marketing and merchandising of each Title. Vendor understands they will be approached to participate in various programs on a case-by-case basis. New Store Allowance("NSA"): [**]% of Standard Wholesale Price will be deducted by Distributor for all products ordered by Retailer for new store opening inventory (initial new store order only). The NSA applies only to the products ordered by the new store for the specific new store only. Returned Product Fee: [**]% of Standard Wholesale Price deduction will be deducted by the Distributor for each unit of Vendor's inventory returned by the Retailer ("Retailer Returns"). Vendor agrees to provide Distributor with a completed Product Submission Form Addendum (Exhibit A) for each Product shipped to the Retailer prior to this agreement by anyone other than the Distributor. Upon return from the Retailer of Product sold to Retailer by anyone other than the Distributor: 1. Distributor shall have the right to return Vendor's Products to Vendor and receive full credit for the value of the Standard Wholesale Price only for the number of units returned to the Distributor by the Retailer that exceed the number of units that Distributor shipped to the Retailer.
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Defective Allowance means the agreed DFI or chargeback accrual percentage of net purchases in lieu of Best Buy’s right to return Defective Products.
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Examples of Defective Allowance in a sentence

  • NFM will be responsible for loading merchandise in a safe and effective way and original merchandise cost will be recovered when merchandise leaves the NFM facility.2.3 Defective AllowanceItems qualifying for a Defective Allowance will not be shipped back to a vendor.

  • The cost reflected on the import purchase order is the first cost which includes the Defective Allowance at a set percentage as indicated above.

  • The Defective Allowance percentage may vary from year to year and from department to department.


More Definitions of Defective Allowance

Defective Allowance. A [**]% of Standard Wholesale Price Defective Allowance ("DFA") to be deducted by Distributor. The DFA deduction will be adjusted to the actual Defective Return Percentage ("DFP") at the end of every calendar quarter. Product can be returned to Vendor or Destroyed On-Site ("DOS"). Retailers that DOS defective product rather than return defective product to Distributor will receive 100% credit. Vendor may audit the product in Distributor's warehouse prior to DOS within 15 days of receiving written notice from Distributor. Retailer DOS audit based on retailer claim summaries which generally indicate the product title, retailer SKU, and quantity. Catastrophic Defect: Regular DFA does not cover catastrophic defective product. Catastrophic defined as a DFP greater than [**] ([**]%) of gross purchases on a title-by-title basis. Market Development Funds ("MDF"): [**]% of Standard Wholesale Price will be deducted by Distributor on a per unit basis for costs associated with the marketing and merchandising of each Title. Vendor understands they will be approached to participate in various programs on a case-by-case basis. New Store Allowance ("NSA"): [**]% of Standard Wholesale Price will be deducted by Distributor for all products ordered by Retailer for new store opening inventory (initial new store order only). The NSA applies only to the products ordered by the new store for the specific new store only. Returned Product Fee: [**]% of Standard Wholesale Price will be deducted by the Distributor for each unit of product returned by the Retailer ("Retailer Returns").
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Related to Defective Allowance

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Preferred Allowance means the amount a Preferred Provider will accept as payment in full for Covered Medical Expenses.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant.

  • Basic Costs means all direct and indirect costs and expenses incurred in connection with the Building as more fully defined in Exhibit C attached hereto.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Excess Costs means the additional costs, if any, which shall be

  • Defective Work means (a) Work that is unsatisfactory, deficient or damaged, does not conform to the Contract Documents, or does not meet the requirements of any inspection, test or approval, or (b) Work associated with punch list items that the Contractor fails to complete within a reasonable time after issuance of the punch list by the Project Manager.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Annual Addition The sum of the following amounts allocated on behalf of a Participant for a Limitation Year, of (i) all Employer contributions; (ii) all forfeitures; and (iii) all Employee contributions. Except to the extent provided in Treasury regulations, Annual Additions include excess contributions described in Code Section 401(k), excess aggregate contributions described in Code Section 401(m) and excess deferrals described in Code Section 402(g), irrespective of whether the plan distributes or forfeits such excess amounts. Annual Additions also include Excess Amounts reapplied to reduce Employer contributions under Section 3.10. Amounts allocated after March 31, 1984, to an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer are Annual Additions. Furthermore, Annual Additions include contributions paid or accrued after December 31, 1985, for taxable years ending after December 31, 1985, attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)) under a welfare benefit fund (as defined in Code Section 419(e)) maintained by the Employer.

  • Allowance means compensation payable to an employee in addition to his regular remuneration payable for the performance of the duties of his position;

  • Disability allowance means monthly payments during

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Annual Additions means the sum credited to a Participant's Accounts for any Limitation Year of (a) "employer" contributions, (b) Employee contributions (except as provided below), (c) Forfeitures, (d) amounts allocated to an individual medical benefit account, as defined in Code §415(l)(2), which is part of a pension or annuity plan maintained by the "employer," (e) amounts derived from contributions paid or accrued which are attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code §419A(d)(3)) under a welfare benefit fund (as defined in Code §419(e)) maintained by the "employer" and (f) allocations under a simplified employee pension. Except, however, the Compensation percentage limitation referred to in paragraph (e)(5)(ii) below shall not apply to: (1) any contribution for medical benefits (within the meaning of Code §419A(f)(2)) after separation from service which is otherwise treated as an "annual addition," or (2) any amount otherwise treated as an "annual addition" under Code §415(l)(1).

  • Allocation Area means that part of a redevelopment project area to which an allocation provision of a declaratory resolution adopted under section 15 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Qualifying Expenditure means, in respect of any Accounting Year or Accounting Half- Year, the aggregate of the costs, expenses and fees described in paragraph 1 of Annex 2 which are incurred during that Accounting Year or Accounting Half-Year, calculated in accordance with paragraphs 2 and 3 of Annex 2;

  • emission allowance means a financial instrument as defined in point (11) of Section C of Annex I of Directive [new MiFID].

  • Uncovered expenditures means the costs to the health maintenance organization for health care services that are the obligation of the health maintenance organization, for which an enrollee may also be liable in the event of the health maintenance organization's insolvency and for which no alternative arrangements have been made that are acceptable to the commissioner.

  • Qualifying Expenditures means those expenditures for energy conservation measures that have a simple payback period of not less than one year and not more than 10 years and expenditures for the above-market costs of new renewable energy resources, provided that the Oregon Department of Energy may establish by rule a limit on the maximum above-market cost for renewable energy that is allowed as a credit.