Adjusted Net Sales definition

Adjusted Net Sales means [***].

Adjusted Net Sales or “ANS” shall have the meaning set forth in Schedule 1.5.

Adjusted Net Sales shall, with respect to each NGM Optioned Product and as incurred on an accrual basis in a given Calendar Quarter for such NGM Optioned Product, mean: [*]. As used in this Schedule, “Other Income” means [*]. The following definitions shall be utilized in calculating Allowable Expenses in each Calendar Quarter.

Examples of Adjusted Net Sales in a sentence

• Book-to-bill is calculated as orders received during the quarter divided by Adjusted Net Sales.

• The sum of Base Net Sales and Adjusted Net Sales shall constitute the total Net Sales (the “Total Net Sales”).

• Sharing of Adjusted Net Sales shall extend under this Agreement for so long as such NGM Optioned Product is sold in the Territory, whether by Merck, its Affiliates, sublicensees or successors in interest.

• For clarity, with respect to any NGM Optioned Products existing as of the time that the NGM ANS Option Cap is reached, NGM shall have the right to continue sharing in Development Costs, Allowable Expenses and Adjusted Net Sales with respect to such NGM Optioned Products in accordance with the NGM ANS Allocation applicable to each such NGM Optioned Product at such time, regardless of the actual Self-Funded Allocation Amounts actually incurred by NGM in connection therewith.

• Each Party will bear the Selling Expenses it incurs in connection with its own field sales force, which such Selling Expenses shall be Allowable Expenses in the calculation of Adjusted Net Sales.

More Definitions of Adjusted Net Sales

Adjusted Net Sales means, with respect to a Product, the Net Sales of such Product less any Third Party Obligations in connection with such Product.

Adjusted Net Sales means Net Sales as defined in Section 1.18 but without the ------------ deduction contained in Section 1.18(D). ---------------

Adjusted Net Sales. Adjusted Net Sales shall mean for a given Calendar Quarter, on an Idenix HCV Product-by-Idenix HCV Product and country-by-country basis, the product of (i) Net Sales of such Idenix HCV Product in such country, multiplied by (ii) the applicable Adjustment Factor.

Adjusted Net Sales shall have the meaning assigned in Section 12.8.3(a). [***] Certain information in this document has been omitted and submitted separately to the Securities and Exchange Commission. Confidential treatment has been requested separately with respect to the omitted portions.

Adjusted Net Sales means the Net Sales over the twenty-four (24) calendar months immediately prior to and including the month of the Notice Effective Date converted to United States Dollars pursuant to Section 8.5 divided by two (2).

Adjusted Net Sales shall have the meaning assigned in Section 12.8.3(a).

Adjusted Net Sales means Product Net Sales (as defined in the Sublicense Agreement) resulting from U.S. Sales in a given Fiscal Quarter, minus (i) any fees paid to Alpex under the Supply Agreement for the Products that are the subject of such U.S. Sales and (ii) the pro rata quarterly portion of any annual FDA establishment fee paid by Citius and/or Company with respect to the manufacture of finished Product at Alpex’s facility. In no event shall Adjusted Net Sales be less that $0.00.