DISCOUNTED GOODS

DISCOUNTED GOODS. Shall mean all Licensed Products which are (a) sold to approved off-price accounts as listed on Schedule 5.4(b) hereto, as it may be amended from time-to-time, (b) Seconds, end-of-season excess inventory or returns, or (c) sold by Licensee at a wholesale price which is *** less than the prevailing wholesale price at which Licensee has sold, at the beginning of each selling season, a significant volume of such Licensed Products to approved accounts listed on Schedule 5.4(a) hereto, as it may be... amended from time-to-time. View More