Merchandise Revenues definition
Examples of Merchandise Revenues in a sentence
AOL shall also have the right of termination specified in Section 2.6. In no event shall the failure of Merchandise Revenues or Sales Revenues to equal or exceed certain revenue targets set forth in Section 4 and this Section 10.2 be deemed a material breach of the Agreement by either AOL or FLOWERS.
In addition, in the event (a) cumulative Merchandise Revenues in Years 1 and 2 equal less than [****], (b) total Merchandise Revenues in Year 2 equal less than [****] in such year, (c) total Merchandise Revenues in Year 3 equal less than [****] in such year, or (d) cumulative Merchandise Revenues for Years 1, 2 and 3 equal less than [****], AOL shall have the right to terminate the Agreement upon thirty (30) days, written notice to FLOWERS.
Three and one half (3.5%) percent of ADJUSTED GROSS MERCHANDISING ROYALTY revenues (defined as the percentage of Merchandise License Royalty of Gross Merchandise Revenues (the funds actual collected for both domestic and international markets), less only merchandising agency fees and third party marketing costs (with said third party marketing costs not to exceed forty (40%) percent of the funds actually collected).