Product Sourcing Obligations definition

Product Sourcing Obligations means costs of goods sold attributable to the products or equipment sold to Franchisees or locations owned by one or more Non-Securitization Entities, Excluded Locations, Securitization-Owned Locations or third parties, which resulted in Product Sourcing Payments (representing the payments to be made under or in connection with any agreement or other arrangement to purchase manufactured products and equipment from suppliers, for re-sale) and rebates required to be paid or repaid in connection with product sourcing requirements.
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Product Sourcing Obligations means costs of goods sold attributable to the products or equipment sold to Franchisees or locations owned by one or more Non-Securitization Entities, Excluded Locations, Securitization-Owned Locations or third parties, which resulted in Product Sourcing Payments (representing the payments to be made under or in connection with any agreement or other arrangement to purchase manufactured products and equipment from suppliers, for re-sale) and rebates required to be paid or repaid in connection with product sourcing requirements. “Product Sourcing Payments” means, collectively, (i) amounts received in respect of product and equipment sales to Securitization-Owned Locations, Excluded Locations, and locations owned by one or more Non-Securitization Entities and third parties, (ii) Franchisee Payments in respect of product and equipment sales and (iii), in each case of the foregoing clauses (i) and (ii), rebates or other amounts received in respect of such sales, provided that Product Sourcing Payments shall not include amounts attributable to the Product Sourcing Business. “pro forma event” has the meaning set forth in Section 14.17 of the Base Indenture. “Pro Oil Brand” means the Pro Oil Change® name and Pro Oil Change Trademarks, whether alone or in combination with other words or symbols, and any variations or derivatives of any of the foregoing (but excluding any other Driven Securitization Brand). “Protected Purchaser” has the meaning specified in Section 8-303 of the UCC. “Qualified Institution” means a depository institution organized under the laws of the United States of America or any state thereof or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities that at all times has the Required Rating and, in the case of any such institution organized under the laws of the United States of America, whose deposits are insured by the FDIC. “Qualified Trust Institution” means an institution organized under the laws of the United States of America or any state thereof or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities that at all times (i) is authorized under such laws to act as a trustee or in any other fiduciary capacity, ...
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Product Sourcing Obligations means all amounts payable by or on behalf of the Securitization Entities under or in connection with the Product Sourcing Arrangements.
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Examples of Product Sourcing Obligations in a sentence

  • In the event sufficient funds are not available in the U.K. Concentration Account to pay any Product Sourcing Obligations, the Manager may, but shall not be obligated to, make an advance (each, a “Product Sourcing Advance”) to fund such payment to the extent that it reasonably expects to be reimbursed for such advances from the proceeds of future Collections deposited in the U.K. Concentration Account, it being understood and agreed that any such advances shall not constitute Manager Advances.


More Definitions of Product Sourcing Obligations

Product Sourcing Obligations means costs of goods sold attributable to the products or equipment sold to Franchisees or locations owned by one or more Non-Securitization Entities, Securitization-OwnedExcluded Locations, Retained Take 5 BrandedSecuritization-Owned Locations or third parties, which resulted in Product Sourcing Payments (representing the payments to be made under or in connection with any agreement or other arrangement to purchase manufactured products and equipment from suppliers, for re-sale) and rebates required to be paid or repaid in connection with product sourcing requirements.
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Related to Product Sourcing Obligations

  • Regulatory Services Agreement means the agreement between BSEF and the Regulatory Services Provider whereby the Regulatory Services Provider provides market surveillance and trade practice surveillance functions as well as other compliance related services to the SEF operated by BSEF.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Related Party Agreement means any agreement, arrangement, or understanding between the Company and any Stockholder or any Affiliate of a Stockholder or any Director, officer, or employee of the Company, as such agreement may be amended, modified, supplemented, or restated in accordance with the terms of this Agreement.

  • Collaborative pharmacy practice agreement means a written and signed

  • Third Party Agreement has the meaning provided in Section 5(a) hereof.

  • Free Trade Agreement country end product means an article that—

  • E-Auction Process Information Document means this document including all the appendices hereto, for the purposes of setting out the process for submission of a bid and selection of Successful Bid in accordance with the provisions of the IBC and shall include all supplements, modifications, amendments, alterations or clarifications thereto issued in accordance with the terms hereof.

  • Tri-Party Agreement shall have the meaning set forth in Section 6.4 hereof.

  • Related Party Agreements shall have the meaning set forth in Section 3.19 herein.

  • Third Party Agreements means any Contract between or among a Party (or any member of its Group) and any other Persons (other than the Parties or any member of their respective Groups) (it being understood that to the extent that the rights and obligations of the Parties and the members of their respective Groups under any such Contracts constitute Versum Assets or Versum Liabilities, or Air Products Retained Assets or Air Products Retained Liabilities, such Contracts shall be assigned or retained pursuant to Article II).

  • Cannabis processing facility means a person that:

  • Tobacco product manufacturer means an entity that after the date of enactment of this Act directly (and not exclusively through any affiliate):

  • Outsourcing facility means a facility that is engaged in the compounding of sterile drugs and is currently registered as an outsourcing facility with the U.S. Secretary of Health and Human Services and that complies with all applicable requirements of federal and state law, including the Federal Food, Drug, and Cosmetic Act.

  • Free Trade Agreement country construction material means a construction material that—

  • Existing Obligations means the “Obligations” under and as defined in the Existing Credit Agreement.

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • Quality Agreement has the meaning set forth in Section 9.6.

  • Intercompany License Agreement means any cost sharing agreement, commission or royalty agreement, license or sublicense agreement, distribution agreement, services agreement, intellectual property rights transfer agreement, any related agreements or similar agreements, in each case where all parties to such agreement are one or more of the Company or a Restricted Subsidiary.

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Manufacturing Facility means buildings and structures, including machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change.

  • Collaborative law process means a procedure intended to resolve a collaborative matter without intervention by a tribunal in which persons sign a collaborative law participation agreement and are represented by collaborative lawyers.

  • Third Party Data has the meaning set forth in Section 9.3(a).

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Procurement Process means the process commenced by the issuing of this Invitation and concluding upon the award of a contract (or other outcome as determined by Tetra Tech International Development) or upon the earlier termination of the process

  • Third-party logistics provider means an entity that provides

  • Manufacturing Agreement has the meaning set forth in Section 4.3.