Off-Price Retailers definition

Off-Price Retailers means the stores in the Territory operated by third parties, which stores have been approved by the Licensor for the ongoing disposal of end-of-season Lacoste Watches, Seconds and, as the case may be, of certain Other Lacoste Products.

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Off-Price Retailers means the brick and mortar and online stores in the Territory operated by third parties, which stores have been approved by the Licensor for the ongoing disposal of certain Leftovers pursuant to Article 1.26 and, as the case may be, of certain Lacoste Accessories.

Off-Price Retailers means retailers that are known for selling nationally-recognized branded products at discounted prices (such as TJX Companies’ TJ Maxx, Marshall’s and Home Goods). Notwithstanding the foregoing or anything to the contrary in this Agreement, the Company or its licensees (or sublicensees) (y) shall be entitled to sell Licensed Products and products which are New Uses which, in either case, are not of first quality (including “seconds” and “irregulars”) or which are end-of-season closeouts through Off-Price Retailers, and (z) may undertake special cut-up programs for Licensed Products and other products which are New Uses with Off-Price Retailers in accordance with industry practice for comparable products. In determining whether Licensed Products or Licensed Services comply with the Historical Standard, with respect to particular Licensed Products or Licensed Services, the parties will look to the Historical Criteria with respect to such Licensed Products or Licensed Services in comparison with the same Licensed Products and Licensed Services previously offered by the Company or under the Company License Agreements. Subject to and without in any way limiting the foregoing requirements regarding Licensed Products and/or Licensed Services, the parties hereby acknowledge and agree that the Historical Standard shall not otherwise restrict the Company from contracting with, or using services or deliverables from, outside service providers (including the Company’s licensees) to provide design, production and other services (including creative services) relating to the Licensed Products or Licensed Services or require the Company to adhere to any particular spending requirements or budgets, historical or otherwise, with respect to such functions. All uses of the Property by the Company and its affiliates and their respective licensees prior to the Effective Date are hereby approved for use by the Company in connection with Licensed Products and Services; provided, that, such use is (i) consistent with the terms of this Agreement, and (ii) substantially similar to the use prior to the Effective Date. Subject to the rights reserved for Licensor hereunder, including the Reserved Rights (as defined below), Licensor shall not (I) grant any rights to the Property to any other person or entity following the Effective Date that conflict or compete with, or would reasonably be expected to conflict or compete with, those granted to the Company under this Agreement, including...

Examples of Off-Price Retailers in a sentence

Save with the previous written approval of the Licensor, the Licensee, its Sub-Licensees, Distributors, the Approved Watches/Jewelry Retailers and the Off-Price Retailers shall not sell the Lacoste Watches and Jewelry through any channel or method not expressly mentioned in this Agreement (e.g. mail order, TV shopping, auction, etc.).
The Master Licensee, its Sub-Licensees and its Distributors shall include appropriate terms to this effect in the agreements they shall enter into with the Approved Watches Retailers, Factory Outlets, Off-Price Retailers and members of the "Lacoste Boutiques and Lacoste Corners" Selective Distribution System.
No advertising may be carried out in association with the sale of Seconds by the Factory Outlets and the Off-Price Retailers.
Licensee may, without the prior written consent of Licensor, sell the Articles only through the following channels of distribution: better department stores, better speciality and junior chains, duty-free stores, better catalogs, college campus stores, direct sales from cable television advertising, Licensee's retail stores and web site, and discontinued and closeout merchandise only to Off-Price Retailers (as hereinafter defined) (collectively, the "Channels of Distribution").

More Definitions of Off-Price Retailers

Off-Price Retailers is defined in the definition of “Excluded Channels.”

Off-Price Retailers means any major retail store which sells national name brand products for substantially less than the prices charged by major department stores. In the event that Licensor commences the sale of its footwear products to retailers outside the Channels of Distribution on a regular and on-going basis, Licensee shall be permitted to sell the Articles to the same retailers on a regular and on-going basis.