Merchandise Credit definition

Merchandise Credit means the credit given to Settlement Class Members that are redeemable only for Sharper Image Branded Products to which Settlement Class Members are entitled as provided in § 8.
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Merchandise Credit means the crediting to the purchaser of the full amount of the payment upon return of the goods and allowing the purchaser to purchase goods from the merchant with the merchandise credit, or applying to the purchaser's credit account with the merchant, in the amount of the merchandise credit.
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Merchandise Credit means in-store credit for returned merchandise redeemable for merchandise, goods or services upon presentation at a single merchant or an affiliated group of merchants.
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Examples of Merchandise Credit in a sentence

  • Also included are an updated Merchandise Credit Request Handling Fee and Return Authorization Policy for returns from CVS Distribution Centers along with a recommended Item and Case Package criteria document.

  • An amount equal to fifty percent of the Borrowers' and the Canadian Operating Subsidiary's Gift Certificate and Merchandise Credit Liability outstanding from time to time.

  • The initial Inventory Reserves and Availability Reserves as of the date of this Agreement are the following: Gift Certificate and Merchandise Credit Liabilities (an Availability Reserve): An amount equal to fifty percent (50%) of the Borrower's Gift Certificate and Merchandise Credit Liabilities as reflected in the Borrowers' books and records.

  • Each of the Purchasing Agent's Commission set out in Section 1.4 above, the Purchasing Agent/Exporter Fee set out in Section 1.5 above, and the Merchandise Credit set out in Section 1.6 above may be renegotiated by the parties at any time upon the request of either party.

  • Where: P = P/E Fee I = Quarterly Installments paid toward the minimum base fee during AP C = Merchandise Credit earned during AP (All figures in U.S. Dollars) Example 1: ---------- Assuming purchases of merchandise F.O.B.C. by the ITI-GROUP through RIPLP of $100,000,000 during an Annual Period, the formula would have the results indicated below: $548,475-[($66,562.50x4)+($100,000,000x0.0025)]=$32,225 The ITI-GROUP would pay RIPLP $32,225 on or before August 31.

  • R-12-3 A Resolution Expressing Concern Over the University Book Store’s Replacement of Customer Rebates in Favor of Merchandise Credit Albert Chang said UW doesn’t have any authority to tell the bookstore what to do as it is the bookstore’s responsibility to determine what is best for it.Jonathan Evans moved to amend the third whereas clause to strike text after 1930, and strike the following whereas clause, strike the second to last whereas clause, and strike the second that clause.

  • Xxxxxx Title: Senior Vice President of Merchandise Credit, LLC and Saks & Company By: /s/ Xxxxxxx X.

  • Each Contract Year, for personal and family use, ATHLETE shall have the right to shop on-line through nikeelite.com (subject to registration on such website and otherwise in accordance with Paragraph 6 of the Standard Terms) and order NIKE merchandise up to the Merchandise Credit (retail value) set out in Schedule A.

  • Each of the Purchasing Agent's ---------------------------- Commission set out in Section 1.4 above, the Purchasing Agent/Exporter Fee set out in Section 1.5 above, and the Merchandise Credit set out in Section 1.6 above may be renegotiated by the parties at any time upon the request of either party.

  • Each of the Purchasing Agent's ----------------------------- Commission set out in Section 1.4 above, the Purchasing Agent/Exporter Fee set out in Section 1.5 above, and the Merchandise Credit set out in Section 1.6 above may be renegotiated by the parties at any time upon the request of either party.


More Definitions of Merchandise Credit

Merchandise Credit means a record that evidences a promise, made in exchange for returned merchandise, by the issuer that the owner of the record will be provided, solely or a combination of merchandise, food, or services in the value shown in the record, which is prefunded and reduced upon each redemption, and may not be redeemed for money, unless required by law. The term “merchandise credit” includes, but is not limited to the following items, paper merchandise credits or certificates, records that contain a microprocessor chip, magnetic stripe or other means for the storage of information, gift cards, electronic gift cards, store merchandise return cards, and similar records or cards.
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Related to Merchandise Credit

  • Merchandise means any personal property offered or sold for use in connection with the funeral, final disposition, memorialization, or interment of human remains, but which is exclusive of interment rights.

  • Service Credit means the periods of time for which the required contributions have been made to

  • Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Cemetery merchandise means merchandise described in section 4(1)(k)(i).

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Service credit month means a full service credit month or an

  • Customer Facility means Generation Facilities or Merchant Transmission Facilities interconnected with or added to the Transmission System pursuant to an Interconnection Request under Subpart A of Tariff, Part IV.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114.

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • Service credit year means an accumulation of months of

  • Gasoline dispensing facility means any site where gasoline is dispensed to motor vehicle gasoline tanks from stationary storage tanks.

  • Finished Goods means units of a manufactured product awaiting sale.

  • Low-speed vehicle means any four-wheeled electrically-powered vehicle, except a motor vehicle or

  • Mobility enhancing equipment means equipment, other than durable medical equipment or a motor vehicle or equipment on a motor vehicle normally provided by a motor vehicle manufacturer, dispensed pursuant to a prescription, including repair or replacement parts for that equipment, that is all of the following:

  • Supported Wage System means the Commonwealth Government System to promote employment for people who cannot work at full award wages because of a disability.

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Finished Services means complete end-to-end services offered by Qwest to wholesale customers or retail End User Customers. Finished Services do not include Unbundled Network Elements or combinations of Unbundled Network Elements. Finished Services include Access Services, private lines, retail services, and resold services.

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Distressed merchandise means an alcoholic product in the possession of the

  • Goods and Services or "goods or services" means any work, labor, commodities, equipment, materials, or supplies of any tangible or intangible nature, except real property or any interest therein, provided or performed through a contract awarded by a purchasing agent, including goods and property subject to N.J.S.A. 12A:2-101 et seq.