Examples of Licensed Merchandise in a sentence
For purposes of this Agreement, Licensed Merchandise shall be considered "sold" upon the date of invoicing.
No license is granted hereunder for the use of the Licensed Xxxx for any purpose other than upon or in connection with the Licensed Merchandise.
Lyons, Xxxxxxxx xx xxxxxxxx the said Shares on the books of the Corporation with full power of substitution in the premises.
Within thirty (30) days of the expiration or termination of this Agreement, Licensee shall provide Licensor with an accurate schedule of all work in process and finished inventory of Licensed Merchandise to which the Licensed Xxxx is affixed, which is on hand as of the close of business on the date of such expiration or termination (hereinafter the "Inventory").
So long as no Cash Dominion Trigger Period is in effect, the Borrowers shall cause an amount equal to the estimated Revenue Share amount owing to FLC under the Merchandising Agreement for the preceding week to be deposited into the Licensed Merchandise Account at least weekly, or if required more frequently under the Licensed Merchandise Side-Letter, as frequently as required thereunder.
It is agreed that nothing herein shall require Licensee to sell Licensed Merchandise at a loss or shall interfere with Licensee's right to sell Merchandise which is not Licensed Merchandise.
In addition, Licensor shall have the direct right under any such sublicense agreement to exercise direct control over the quality of Licensed Merchandise and related materials to the same extent as it has under this Agreement.
All royalty payments shall accrue upon the sale of the Licensed Merchandise regardless of the time of collection by Licensee.
Licensee shall not sell the Licensed Merchandise other than to Approved Retail Outlets, unless, and then only to the extent that, such sale has been previously approved in writing by Licensor.
Licensee shall maintain, at its main offices, true and accurate books and records, in accordance with generally accepted accounting principles, containing all particulars which may be necessary for the purpose of verifying compliance with the terms and conditions hereof and for determining all amounts payable to Licensor hereunder, which books and records shall be separate and distinct from those relating to Licensee's businesses other than the sale of Licensed Merchandise.