Closeout Customers

Closeout Customers. Means those retailers located in the Territory that (i) predominantly sell "off-price" branded merchandise (as such term is customarily understood in the retail industry) and (ii) are approved by VEW in advance in writing. By way of illustration only, and without limitation, Closeout Customers may include MarMaxx (including TJ Maxx, Marshalls and Home Goods), Tuesday Morning, Ross Stores, Nordstroms – The Rack, Neiman Marcus – Last Call, Saks Off Fifth, Crate Outlet Stores and Spiegel Outlet... Stores. Syratech shall submit a list of proposed Closeout Customers to VEW by August 30th of each Contract Year during the Term commencing with Year One and VEW shall approve or disapprove such list of proposed Closeout Customers by September 30th of such Contract Year. View More