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.
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. Merchandise Placement Fee: A one time Merchandise Placement Fee ("MPF") is charged by the Retailer on a per Title basis (and will be deducted by Distributor on the same basis) for each Title the Retailer orders to be placed and sold in more than [**] ([**]) of the Retailer's locations. For Titles ordered and shipped during the period between January 1 and September 30, the MPF, if applicable, shall be $[**] per Title. For Titles ordered and shipped during the period between October 1 and December 31, the MPF, if applicable, shall be $[**] per Title. Titles packaged in a Jewel Case or Jewel Case Box are not subject to MPF. For purposes of clarification, the Distributor shall be entitled to deduct the MPF from payments to Vendor if the MPF is applicable to the Title and has been incurred. Market Development Funds ("MDF"): Either [**]% 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. Or [**]% of Standard Wholesale Price will be deducted by Distributor on a per unit basis for costs associated with marketing and merchandising of each Title with a Manufacturer Suggested Retail Price of $[**] or less and not subject to MPF set forth above. 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 b...
Defective Allowance means the agreed DFI or chargeback accrual percentage of net purchases in lieu of Best Buy’s right to return Defective Products.

Examples of Defective Allowance in a sentence

  • The Debtors provide certain of their customers with a credit for defective products sold by the Debtors up to a specified percentage of the volume purchased by such customers (the “ Defective Allowance Program”).

  • You can also review the Drop Ship Defective Allowance, sign off on the Supplier Performance compliance, and agree to the Terms and Conditions for doing business with True Value.

  • As of the Petition Date, the Debtors estimate that approximately $90,000 of prepetition credits are accrued and unpaid under the Defective Allowance Program.

  • The agreement, once submitted will either state “Approved as of Date” (the date the Product Merchant submits) or “Approved, Processing Pending as of Date” (This is the date of the last approving party within True Value who submits approval) This implies that the Agreement is binding on that date but any changes you request in the Purchasing or Defective Allowance sections will be processed on the Requested Effective Date.

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

  • These Customer Program obligations relate to the Rebate Program and special sales promotions such as the Defective Allowance Program, Competitive Pricing Discounts and the Sales Education Program (each as defined below).

  • 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 Debtorsseek authority to honor such outstanding prepetition amounts under the Defective Allowance Program in the ordinary course and consistent with past practice and to continue providing the Defective Allowance Program in the ordinary course of business on a postpetition basis.

  • Click the Supporting Details tab to: View attachments Run reports (Merchandise Return Product Detail, Defective Allowance and BDF, New Store Discounts) Review PaymentsFollow the steps below to review payments:1.


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").

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.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • 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. Contextual Note: Unless the context clearly indicates otherwise, an above definition for a singular term shall also apply (where appropriate) to the plural form of such term and vice versa to the extent necessary for giving the proper meanings to the terms defined in this Article II and/or terms otherwise used in this Agreement.

  • 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

  • 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 the regular remuneration payable for the performance of the duties of his position.

  • Disability allowance means monthly payments during

  • Restoration Cost has the meaning set forth in Section 5.06.

  • 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 of the following amounts credited to a Participant for a Limitation Year:

  • Allocation Area means that part of a military base development area to which an allocation provision of a declaratory resolution adopted under section 16 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 all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • 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.

  • 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 care

  • Maximum Applied Water Allowance (MAWA) means the upper limit of annual applied water for the established landscaped area as specified in Section 492.4. It is based upon the area's reference evapotranspiration, the ET Adjustment Factor, and the size of the landscape area. The Estimated Total Water Use shall not exceed the Maximum Applied Water Allowance. Special Landscape Areas, including recreation areas, areas permanently and solely dedicated to edible plants such as orchards and vegetable gardens, and areas irrigated with recycled water are subject to the MAWA with an ETAF not to exceed 1.0. MAWA = (ETo) (0.62) [(ETAF x LA) + ((1-ETAF) x SLA)]