Net Sales of Products means the gross amounts invoiced for sales of Products by Signal or Nippon Kayaku, as the case may be, and its Affiliates and sublicensees to Third Parties pursuant to one or more of the licenses granted under Article 6 less (a) discounts actually granted, (b) credits or allowances actually granted upon claims, damaged goods, rejections or returns of any such Product, including recalls, (c) freight, postage, shipping and insurance charges actually allowed or paid for delivery of any such Product, to the extent billed and (d) taxes, duties or other governmental charges (other than income taxes) levied on, absorbed or otherwise imposed on sales of any such Products. Sales of Products for use in clinical trials prior to receipt of regulatory approval for such Products shall not be included in Net Sales of Products.
Net Sales of Products has the meaning set forth in Exhibit B.
Net Sales of Products means all amounts received by e-nut and/or an Affiliate of e-nut from sales of Products or Additional Products to a third party, less deductions for royalties to other parties and credits or allowances actually granted upon claims, rejections or returns of Products or Additional Products, including recalls.
Examples of Net Sales of Products in a sentence
The majority of the products (85%) were peer-reviewed publications, such as published abstracts, journal articles, review articles, and letters or editorials.
Royalties shall be payable by GBT on Net Sales of Product(s) on a Product-by-Product and country-by-country basis until the expiry of the Royalty Term for such Product and country.
Signature page follows] elopme EXHIBIT A EXHIBIT B EXHIBIT C EXHIBIT D Upfront License Fee Minimum Annual Royalties on 3rd anniversary of the license agreement, increasing by every year until a sum of (offset by Royalties received from Net Sales) Royalties Royalties from Net Sales of Products sold by the Company and its Affiliates Sublicense receipts - Ramot’s share in revenues from a Sublicensee, other than revenue received on account of sales of Products by the Sublicensee.
SCHEDULE 6.7.2(f) attached hereto contains examples of how Net Sales of Products from different countries at different royalty rates will be [***].
When conversion of payments from any foreign currency is required with respect to calculation of Net Sales of Products outside the U.S., Lilly shall make such conversion at the exchange rate broadly applied by Lilly to all foreign currency conversions into U.S. dollars on the last business day of the applicable quarter.
More Definitions of Net Sales of Products
Net Sales of Products means purchases, excluding credits, returns, private label products, shipping, handling, freight, taxes, by Contractor of products listed below (“Products”) manufactured by X.X. Xxxxxx Construction Products Inc. or Royal Adhesives and Sealants, LLC (collectively HBF) for which an HBF distributor of such products received timely payment from Contractor in sufficient funds. In order for Contractor to be eligible to participate in this Rebate Program, it must meet all of the following eligibility requirements and comply with this Agreement. The Rebate Program is also subject to certain limitations and exclusions described herein. Rebate • Quarterly rebate on qualifying purchases of products is 4%. • The rebate will be determined by the data shown on paid invoices from distributors, or as otherwise permitted below, following the criteria indicated in Program Rules below.
Net Sales of Products means the actual invoiced gross sales of Products to Third Parties by Par, its Affiliates and their Marketing Distributors, as recorded by Par in accordance with generally accepted accounting principals, less the following: (i) usual and customary allowances or credits to such third parties for spoiled, damaged, rejected, recalled, outdated and returned Products; (ii) freight, transportation, warehousing, storage, postage and insurance charges to the extent separately identified on an invoice; (iii) the amounts of trade, quantity and cash discounts actually allowed, to the extent such trade, quantity and cash discounts are specifically allowed on account of the purchase of such Products; (iv) sales taxes, excise taxes, use taxes, value added taxes and import/export duties actually due or incurred or allowed in connection with the sales of Products to any third party to the extent separately identified on an invoice; (v) usual and customary allowances, adjustments, reimbursements, discounts, chargebacks and rebates granted to third parties, including rebates given to health care organizations or other third parties, whether during the actual period or not; and (vi) usual and customary allowances for doubtful accounts and actual chargeoffs for bad debt. "NET SALES OF PRODUCTS" excludes any amounts invoiced or received in connection with any transfers of a Product between Par and its Affiliates prior to final disposition to third party customers but only where Products are to be resold to a third party. "Net Sales of Products" also excludes transfers of Products made or used for tests or development purposes, or distributed as donations or Samples and for which no payment is received by Par or its Affiliates or sublicensees. In the event that Par or its Affiliate or sublicensee, as the case may be, sells, transfers or disposes of any Product for consideration, in whole or in part, other than cash, the gross amount used for calculating Net Sales of Products for such Product shall be deemed to be the standard invoice price then being invoiced in arm's length transactions with similar customers. In the event that Par sells a Product as part of a bundle or group sale with other products not covered by the Agreement, and provides a discount, allowance or rebate to the purchaser of such products based on the invoiced prices for all products sold, such discount must be allocated pro rata based on average wholesale prices across allsuch products and may not be applie...
Net Sales of Products excludes any amounts invoiced or received in connection with any transfers of a Product between Par and its Affiliates prior to final disposition to third party customers but only where Products are to be resold to a third party. “Net Sales of Products” also excludes transfers of Products made or used for tests or development purposes, or distributed as donations or Samples and for which no payment is received by Par or its Affiliates or sublicensees. In the event that Par or its Affiliate or sublicensee, as the case may be, sells, transfers or disposes of any Product for consideration, in whole or in part, other than cash, the gross amount used for calculating Net Sales of Products for such Product shall be deemed to be the standard invoice price then being invoiced in arm’s length transactions with similar customers. In the event that Par sells a Product as part of a bundle or group sale with other products not covered by the Agreement, and provides a discount, allowance or rebate to the purchaser of such products based on the invoiced prices for all products sold, such discount must be allocated pro rata based on average wholesale prices across all such products and may not be applied disproportionately to the Product sold as part of such bundle.
Net Sales of Products means the gross amounts invoiced for sales of Products by Signal or Nippon Kayaku, as the case may be, and its Affiliates, licensees and sublicensees or purchasers and assignees of its rights or obligations hereunder to Third Parties pursuant to one or more of the licenses and sublicenses granted under Article 6 and one or more of the rights obtained under Section 13.1 less (a) discounts actually granted, (b) credits or allowances actually granted upon claims, damaged goods, rejections or returns of any such Product, including recalls, (c) freight, postage, shipping and insurance charges actually allowed or paid for delivery of any such Product, to the extent billed and (d) taxes, duties or other governmental charges (other than income taxes) levied on, absorbed or otherwise imposed on sales of any such Products. Sales of Products for use in clinical trials prior to receipt of Regulatory Approval for such Products shall not be included in Net Sales of Products.
Net Sales of Products shall have the meaning provided in Section 1.23 of the Agreement.
Net Sales of Products means the net invoice price of all Holographic Products less any amounts shown on the invoice being payable for packaging, shipping charges, discounts, credits, allowances, bad debts and taxes and less the invoice value of returned goods and all taxes and all discounts or allowances actually taken off the invoice price by CFC International or CFC. If a product sold combines a Holographic Product and a Non-Holographic Product, the Net Sales of Products with respect to such product shall be a fair and appropriate reduced percentage of the net sales of such product which reduced percentage reflects the economic importance of the Holographic Products in the respective product.
Net Sales of Products means the aggregate of Cable Car's net invoice price for sales of the Products less (i) any taxes included in the net invoice price; (ii) actual shipping and handling costs paid to a third party; (iii) returns of products; and (iv) discounts and allowances provided in good faith by Cable Car. This obligation is limited to product purchased after March 31, 2001 by Cable Car from third party suppliers and sold to its customers. Additionally, on a quarterly basis, beginning April 1, 2001, Cable Car will pay a contract maintenance fee (the "Maintenance Fee") of *** in arrears.