Gross Rings definition

Gross Rings has the meaning set forth in Section 2.4.

Gross Rings means gross register receipts less applicable sales tax.

Gross Rings gross register receipts less applicable Sales Taxes but excluding any prevailing discounts for the Gross Rings Period.

Examples of Gross Rings in a sentence

• Any Merchandise included in the Sale using the Gross Rings shall be included in Merchandise using the Gross Rings method and, as soon as determinable, Agent shall pay that portion of the Guaranteed Amount calculated on the Gross Rings basis, to account for shrinkage, on the basis of % of the aggregate Cost Value of the Merchandise (without taking into account any of Agent’s point of sale discounts or point of sale markdowns) sold during the Gross Rings period.

• The Agent shall pay to the Merchant the Guaranteed Amount, as adjusted in part, to reflect the values calculated through the: (A) Final Inventory Report, and (B) aggregate amount of Gross Rings, as adjusted for shrinkage per this Agreement.

• The Agent shall pay that portion of the Guaranteed Amount calculated on the Gross Rings basis, to account for shrinkage, on the basis of 102% of the aggregate Retail Price of Merchandise.

• Agent shall pay that portion of the Guaranteed Amount calculated on the Gross Rings basis, to account for shrinkage, on the basis of 101% of the aggregate Retail Value of the Merchandise sold during the Sale Term.

• The amount of the Guaranteed Amount shall include a one and three-quarter percent (1.75%) increase to the Gross Rings calculation of the Cost Value of the Merchandise to account for shrink during the Sale Term.

More Definitions of Gross Rings

Gross Rings means the aggregate Retail Price of all Merchandise sold by Debtors in each Store during the period from the Sale Commencement Date to the Inventory Conclusion Date for such Store as recorded in the Debtors' cash register system without giving effect to any point of sale markdowns or promotional hang tag discounts.

Gross Rings has the meaning set forth in Section 2.4(c) hereof. -----------

Gross Rings has the meaning assigned to that term in Section 5.5 hereof. “Inventory Date’ has the meaning assigned to that term in Section 5.1 hereof.

Gross Rings shall have the meaning ascribed thereto in Section 3.3(b) hereof.

Gross Rings has the meaning assigned to that term in Section 5.5 hereof. “Inventory Date’ has the meaning assigned to that term in Section 5.1 hereof. “Initial Guaranty Payment” has the meaning assigned to that term in Section 3.3 hereof.

Gross Rings has the meaning assigned to that term in Section 5.5 hereof. “Initial Guaranty Payment” has the meaning assigned to that term in Section 3.3 hereof.

Gross Rings means in the event that the Sale commences prior to the completion of the Merchandise Count at any Closing Location, then for the period from the Sale Commencement Date until the Merchandise Count for such Closing Location, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts less applicable Sales Taxes ("Gross Rings"), and (ii) cash reports of sales within such Closing Location. Register receipts shall show for each item sold the Retail Price for such item and the markdown or discount, if any, specifically granted by Agent in connection with such Sale. All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice.