DEFINITION OF “NET SHIPMENTS” Sample Clauses

DEFINITION OF “NET SHIPMENTS”. As used herein the term “Net Shipments” shall mean [***] LICENSEE shall reconcile the actual credits and discounts given to customers against (hose estimated on a monthly basis and, for the purpose of royalty calculations hereunder, shall report quarterly only the actual amount of such credits and discounts given during the period. Under no circumstances shall LICENSEE be permitted to withhold payment of any sums due LICENSOR in anticipation of, or as a reserve against, anticipated “xxxx down” refunds or allowances. [***]
Sample 1
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DEFINITION OF “NET SHIPMENTS”. As used herein the term “Net Shipments” shall mean 11111111111111 111111111111111111 11111111111111 11111111111111 11111111111 11111111111 1111111111111 11111111111111 1111111111111 111111111111 111111111111111 11111111111111 11111111111111 1111111111111 111111111111 111111111111 11111111111111 1111111111111111 111111111111 1111111111111 1111111111111 1111111111 111111111111111111111 111111111111 11111111111 111111111111 11111111111 11111111111 11111111111111 111111111111111 1111111111 11111111111111 00000000000000000 11111111111111111111111 11111111111111111111111111111111111111 1111111111111111111111111111111111 111111111111111 1111111111111111111111 11111111111 1111111111111111111111111111 11111111111111111111111111111111111111 11111111111111111111111111111111111111111 11111111111111111111111111 LICENSEE shall reconcile the actual credits and discounts given to customers against (hose estimated on a monthly basis and, for the purpose of royalty calculations hereunder, shall report quarterly only the actual amount of such credits and discounts given during the period. Under no circumstances shall LICENSEE be permitted to withhold payment of any sums due LICENSOR in anticipation of, or as a reserve against, anticipated “xxxx down” refunds or allowances. 1111111111111 11111111111111111111111111111111111111 111111111111111111111111111111 111111111111111111111111111111111111111 111111111111111111111111111111 111111111111111111111 111111111111111111111111111 1111111111111111111111111111111111 11111111111111111111111111111111111 11111111111111111111111111111111111 11111111111111111111111 1111111111111111111111111
Sample 1

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