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New Item definition

New Item means an item not previously stocked, or a price posted with Commission by the Wholesaler on or since his last price posting.
New Item shall have the meaning given to such term in Section 2.4.
New Item means and include Borrower’s Inventory of new watercraft or structure, other than a seaplane on the water, used or capable of being used as a means of transportation or habituation on the water, and all new boats and boat motors, purchased from Fountain Powerboats, all of which shall be new, shall have never been owned by a consumer and shall be the current type models when acquired by Borrower.

Examples of New Item in a sentence

  • If the Parties agree in writing to add any New Item (whether pursuant to the Approval Process or otherwise), the Parties shall thereafter amend this Agreement as necessary to accommodate such New Item.

  • The Party receiving the Proposal Notice shall notify the Requesting Party within thirty (30) days following its receipt of the Proposal Notice of its approval or denial (made in its sole discretion) of the New Item (such notice, a “Response Notice”); provided that failure to timely provide a Response Notice shall not be deemed a breach of such Party’s obligations under this Agreement or an approval of such New Item.


More Definitions of New Item

New Item means an item not previously stocked, or a item newly priced with the Commission by the Wine and Spirits Wholesaler on or since his last price posting.

Related to New Item

  • Disputed Item has the meaning set forth in Section 2.5(e).

  • Payment Item means each check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral.

  • Benchmark Replacement Conforming Changes means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).