First Quality Products definition

First Quality Products means Products that conform to the Specifications and otherwise meet the criteria for First Quality Products as specified in the Quality Manual.
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First Quality Products are defined as Products which are free from defects and are identical in all material respects to approved Samples.
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Examples of First Quality Products in a sentence

  • However, during any Annual Period, should total Product sales exceed $71,000,000, provided that First Quality sales make up at least $68,500,000 of the $71,000,000 Net Sales amount (together, the “Net Sales Target”), Licensee shall receive a reduction in the royalty rate owed on First Quality Products equal to one-half a percent, such that a royalty rate of (redacted) shall apply to all Net Sales of First Quality Products during that Annual Period (either rate, the “Earned Royalty Rate”).

  • ILSI has fulfilled, or taken all actions necessary to enable it to fulfill when due, its obligations under each of such agreements.

  • Licensee may market, sell and distribute First Quality Products only to: (i) First Quality Approved Retailers and (ii) LS&Co. and its Affiliates.

  • In the event that, with LS&Co.’s advance written approval, Licensee sells First Quality Products to a Second Quality Approved Retailers or any MFO Retailers, unless otherwise agreed in writing by LS&CO, Licensee must pay to LS&Co. the First Quality Earned Royalties on such Products.

  • Licensee shall not market, sell or distribute First Quality Products to Second Quality Approved Retailers or MFO Retailers without LS&Co.’s prior written approval in each instance.

  • If in the inspection lululemon athletica determines that the Products or a sampling thereof are not First Quality Products, in addition to any of the rights and remedies otherwise available to lululemon athletica, lululemon athletica may, at its election, (i) send the defective Products back to Supplier to be replaced with Products that are First Quality Products or (ii) require Supplier to provide lululemon athletica with a complete refund of or credit for the aggregate price of such defective products.