Close. Outs may be disposed of by Licensee through its Normal Channels of Distribution for Close-Outs, as described in “Exhibit J”. However, damaged and / or irregular Close-outs must be clearly marked as such, and remain of a quality not inconsistent with the quality-control standards of Licensor. All royalties due with respect to Close-outs shall be paid as required under this Agreement.
Appears in 2 contracts
Sources: Trademark License Agreement, Trademark License Agreement (Phoenix Footwear Group Inc)