Drop Ship Agreement
Category: 270 Legal Recent Posts, Drop Ship, Fulfillment
. Prepayment Discount: During the Fall 2006 Selling Season and the Fall 2007 Selling Season, an additional * prepayment discount will be available to Varsity for use at Varsity’s sole discretion. The Fall 2006 Selling Season shall begin on July 1, 2006 and end on October 31, 2006 and the Fall 2007 Selling Season shall begin on July 1, 2007 and end on October 31, 2007. Should Varsity elect to utilize this prepayment discount at any time during the Fall 2006 Selling Season and/or the Fall 2007 Selling Season, Varsity shall provide B&T Fulfillment with an estimate of purchases for the relevant prepayment period on a mutually agreeable schedule, likely every other week, and remit to B&T Fulfillment a cash prepayment in the amount of the estimated purchases, less the applicable * *. Any unused prepayment balance from the prior week will, at Varsity’s discretion, be applied toward prepayment of purchases in the next week or credited back to Varsity. Should Varsity underestimate purchases and, therefore, underestimate the necessary prepayment amount, all underestimated purchases would not be eligible for the prepayment discount. *
3. Volume-Based Rebates:
a. B&T Fulfillment will offer Varsity credits based upon net sales volume for the 2006 calendar year, as follows:
(1) * - Once B&T Fulfillment’s net sales to Varsity for the 2006 calendar year reach * Varsity shall be entitled to a * discount on net sales from *. The * discount will be applied monthly as a credit to Varsity’s account with B&T Fulfillment.
(2) * - Once B&T Fulfillment’s net sales to Varsity for the 2006 calendar year reach * Varsity shall be entitled to a * discount on net sales greater than * up to net sales of * and an additional * discount on net sales from * * . The applicable discounts will be applied monthly as a credit to Varsity’s account with B&T Fulfillment.
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