Annual Sales Volume definition

Annual Sales Volume means total worldwide Net Sales of a Royalty-Bearing Product during a calendar year.
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Annual Sales Volume shall have the meaning set forth in Section 9.3.1(a) above.
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Annual Sales Volume means the gross revenue of the Selling Party or the Assignor, as applicable, and its respective Grantee Entities for Sales of Licensed Products of the Selling Party or the Assignor, as applicable, that are divested by the Selling Party or the Assignor, as applicable, to the Assignee in connection with the assignment to the Assignee pursuant to Section 9.1 or 9.2, or the Licensed Products of the Selling Party or the Assignor, as applicable, if this Agreement is retained by the Selling Party or the Assignor, as applicable, in the case of a Change of Control pursuant to Section 9.2 above, as applicable, over the one (1) year period prior to the date of such assignment or Change of Control, as applicable, provided that such gross revenue will be deemed to increase at an average growth rate (calculated as the average year-over-year growth rate of such sales volume, over the three (3) year period preceding the date of the assignment or Change of Control, as applicable), which volume and growth rate will be certified by the Selling Party or Assignee, as applicable, promptly following the assignment or Change of Control, as applicable, and for each annual period (or pro rata portion thereof) during the remainder of the Term and the period (if applicable, pursuant to Section 9.3.1(b)) that the Post-Term Limitations, granting or extending licenses, releases, covenants, and other rights in favor of the Selling Party or Assignee, as applicable, and its Grantee Entities, remain in effect; and
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Examples of Annual Sales Volume in a sentence

  • Number of Years in Business: Type of Operation: Individual Partnership Corporation Government Number of Employees: (company wide) Number of Employees: (servicing location)Annual Sales Volume: (company wide) Annual Sales Volume: (servicing location)State that you will provide a copy of your company’s audited financial statements for the past two (2) years, if requested by PVAMU.

  • You must know what your Estimated Annual Sales Volume is to determine the correct volume bracket used for “Adder” prices or, the price per gallon the contractor will charge for service and delivery.

  • Your Estimated Annual Sales Volume may be obtained through your Financial or Facilities offices or, from your current propane provider.

  • In the event GRANTEE fails to meet the Minimum Annual Sales Volume for two consecutive years, the right to sell the Products and related services on an exclusive basis will expire automatically in the subsequent year, unless GRANTOR agrees to extend the right for any reasonable term by written notice.

  • Number of years in Business: Type of Operation: Individual: Partnership: Corporation: Government: Number of Employees: Annual Sales Volume: 2.

  • Contractor shall provide the NASPO ValuePoint Cooperative Development Coordinator and Enterprise Services Contract Administrator with a National Annual Sales Volume Incentive Report reflecting each State’s total annual spend, and National Annual Volume Rebate earned no later than sixty (60) days after the end of the calendar year.

  • In the event GRANTEE has attained a Minimum Annual Sales Volume of One Million Dollars (US$1.0 million) at the end of any year, the GRANTEE will have the right to continue to sell Products and related services on an exclusive basis in the Territory.

  • A member shall have the option of calculating its Annual Sales Volume on a consolidated basis with its branches and/or subsidiaries in which event such member may add such branches or subsidiaries to all additional listings maintained by the Association upon the payment of an additional $250 for each such branch or subsidiary.

  • Table 5.3: Annual Sales Volume Source: Author (2015) The table clearly shows that the least annual sales volume stood at 7.6% (7 respondents), the highest annual sales volume represented the category between K500 to K1000 which stood at 37% (34 respondents).

  • Number of Years in Business: Type of Operation: Individual Partnership Corporation Government Number of Employees: (company wide) Number of Employees: (servicing location)‌Annual Sales Volume: (company wide) Annual Sales Volume: (servicing location)State that you will provide a copy of your company’s audited financial statements for the past two (2) years, if requested by PVAMU.


More Definitions of Annual Sales Volume

Annual Sales Volume means the dollar amount of Visa and MasterCard Sales Drafts minus Credit Vouchers which: (i) are received from Merchant and processed by MNB during a calendar year, or (ii) will be received from Merchant according to a projection approved by MNB.
Sample 1
Annual Sales Volume means total worldwide Net Sales of all Collaboration Products during the twelve (12) month period commencing with the first full month following First Commercial Sale of a Collaboration Product. The first such Annual Sales Volume period for a Collaboration Product shall also include any partial month preceding such first full month.
Sample 1
Annual Sales Volume means total worldwide Net Sales of a Metabolic Program Drug during a Contract Year.
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Related to Annual Sales Volume

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Net Sales means [***].

  • Net Sales Price means the gross sales price to retailers of all Licensed Products sold under this Agreement or, with respect to Licensed Products that are not sold directly or indirectly to retailers, other ultimate consumers (as in the case of accommodation sales by Licensee to its employees or sales by Licensee in its own shops), less trade discounts, merchandise returns, sales tax (if separately identified and charged) and markdowns and/or chargebacks which, in accordance with generally accepted accounting principles, would normally be treated as deductions from gross sales, and which, in any event, do not include any chargebacks or the like for advertising, fixture or retail shop costs or contributions. Notwithstanding the foregoing, Licensor hereby waives its right to (i) receive royalties hereunder for, or (ii) include within the calculation of Net Sales Price for the purpose of calculating the Annual Advertising Obligation as set forth in paragraph 4.6 hereof, sales of units of Licensed Products sold at a discount of [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] or more off the regular wholesale price ("Discounted Units"), provided that such waiver shall only apply to the extent that the aggregate Net Sales Price of Discounted Units for any year does not exceed [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] of the Net Sales Price of all units of Licensed Products other than Discounted Units sold in such year. No other deductions shall be taken. Any merchandise returns shall be credited in the quarter in which the returns are actually made. For purposes of this Agreement, affiliates of Licensee shall mean all persons and business entities, whether corporations, partnerships, joint ventures or otherwise, which now or hereafter control, or are owned or controlled, directly or indirectly by Licensee, or are under common control with Licensee. It is the intention of the parties that royalties will be based on the bona fide wholesale prices at which Licensee sells Licensed Products to independent retailers in arms' length transactions. In the event Licensee shall sell Licensed Products to its affiliates, royalties shall be calculated on the basis of such a bona fide wholesale price irrespective of Licensee's internal accounting treatment of such sale unless such products are sold by its affiliates directly to the end-user consumer, in which case royalties shall be calculated on the basis of the price paid by the end-user consumer, less applicable taxes. Licensee shall identify separately in the statements provided to Licensor pursuant to paragraph 7 hereof, all sales to affiliates. At least once annually and no later than 90 days after the close of Licensee's fiscal year, Licensee shall furnish to Licensor a statement of the Net Sales Price of all Licensed Products sold during the year just ended, which shall be certified by the independent auditor for Licensee as correct and in accordance with the terms of this Agreement.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Gross Profits means the gross profits calculated under section 4;

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Retail sales As defined in the definition of Net Revenue.

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Net Sales Value means, with respect to any Licensed Product, the gross sales price of such Licensed Product invoiced by Licensee, its Affiliate and/or its Sub-Licensee to customers who are not Affiliates (or are Affiliates but are the end users of such Licensed Product) less, to the extent actually paid or accrued by Licensee, its Affiliate and/or its Sub­ Licensee (as applicable), (a) credits, allowances, discounts and rebates to, and chargebacks from the account of, such customers for nonconforming, damaged, out-dated and returned Licensed Product; (b) freight and insurance costs; (c) cash, quantity and trade discounts, rebates and other price reductions for such Licensed Product given to such customers under price reduction programs; (d) sales, use, value-added and other direct taxes incurred on the sale of such Licensed Product to such customers; (e) customs duties, tariffs, surcharges and other governmental charges incurred in exporting or importing such Licensed Product to such customers; (f) sales commissions incurred on the sale of such Licensed Product to such customers; and (g) an allowance for uncollectible or bad debts determined in accordance with generally accepted accounting principles. For avoidance of doubt, any consideration or royalties received from Sub-Licensee(s) are excluded. If a Licensed Product consists of components that are covered by valid claim of a Prospective Patent within the Invention (a “Covered Component”) and components that are not covered by a Valid Claim (“Other Components”), then Net Sales for such Licensed Products shall be multiplied by the fraction A/(A+B), where A is the value of the Covered Component(s) as reasonably determined by Licensee, and B is the value of the Other Component(s) as reasonably determined by Licensee, and such resulting amount shall be the “Net Sales Value” for purposes of the Royalties and Sub-License Royalties calculations in Clauses 5.1.2 and 5.3.1, respectively, for such Licensed Product.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.