Baseline Net Sales definition

Baseline Net Sales is defined in Section 1.94 hereof.
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Baseline Net Sales means the Net Sales of the Product during the calendar year immediately preceding the calendar year in which the determination is made, and the term "Current Year Net Sales" means the Net Sales of the Product in the calendar year in which the determination is made. ------------------------ * The redacted portions of this document have been omitted pursuant to a request for confidential treatment and such redacted portions have been filed separately with the Securities and Exchange Commission.
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Baseline Net Sales means Licensee's actual Net Sales for the period January 1, 1999 through December 31, 1999.
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Examples of Baseline Net Sales in a sentence

  • If in Year 5, Baseline Net Sales are [Redacted]*, and Current Year Net Sales reach [Redacted]*, Aphton will be entitled to receive royalty payments equal to (w) [Redacted]* of the Net Profits attributable to Net Sales up to [Redacted]*, (x) [Redacted]*of Net Profits attributable to Net Sales between [Redacted]* and [Redacted]*, (y) [Redacted]* of the Delta Net Sales, which in Year 5 is the difference between [Redacted]* and [Redacted], less (z) the amount of the Base Royalty.

  • In the event that this Agreement is terminated other that at a Year end, the amount of any Promotional Payment owed to GSK will be calculated by subtracting the pro-rated Quarterly Baseline Net Sales Amount from the pro-rated Net Sales for such quarter, based on the number of days that have elapsed during such quarter immediately prior to the effective date of such termination.

  • No Promotional Payment for a calendar quarter shall be made if the Quarterly Baseline Net Sales Amount exceeds the Net Sales for such quarter.

  • As used in this Section 6.2(b), the term "Baseline Net Sales" means the Net Sales of the Product during the calendar year immediately preceding the calendar year in which the determination is made, and the term "Current Year Net Sales" means the Net Sales of the Product in the calendar year in which the determination is made.

  • If, in Year 1, Baseline Net Sales equal [Redacted]*, and by June 1 in Year 2 Current Year Net Sales have reached [Redacted]*, Aphton will be entitled to receive royalty payments equal to, in the aggregate, (w) [Redacted]*of the Net Profits attributable to Net Sales up to [Redacted]*, (x) [Redacted]* of Net Profits attributable to Net Sales between [Redacted]* and [Redacted]*, and (y) [Redacted]* of Net Profits attributable to all Net Sales in excess of [Redacted]*, less (z) the amount of the Base Royalty.

  • In the event that the Baseline Net Sales declines, PMC shall have the right to qualify for the special allocation principles set forth herein no more than one (1) additional time for an increase in Net Sales to the amount of Baseline Net Sales as has been previously reached.

  • If in Year 7, Baseline Net Sales are once again [Redacted]*, and Current Year Sales reach [Redacted]*, PMC will not be entitled to retain the special allocation in relation to the increase from [Redacted]* to [Redacted]* but will be entitled to receive the special allocation of profit from [Redacted]* to [Redacted]*.

  • For Net Sales up to and including Baseline Net Sales, the quarterly payment shall be adjusted to reflect COGS payments made to MERCK for the Net Sales in that Contract Quarter.

  • The amount of such Royalty Payment shall be determined and paid on a quarterly basis and shall be calculated following each of the first three calendar quarters of a Year by (A) subtracting the Quarterly Baseline Net Sales Amount from the Net Sales for such calendar quarter, and (B), if such amount is a positive number, multiplying such amount by *****.

  • MERCK and XXXXXXX shall extend the Agreement for an additional two (2) year period, provided, however, that such extension shall be at MERCK's option if in any calendar year of this Agreement (i) Net Sales are below Baseline Net Sales, or (ii) XXXXXXX is in breach of its obligations with respect to Details provided in Section 5.2 of this Agreement.


More Definitions of Baseline Net Sales

Baseline Net Sales has the meaning set forth in Section 2.5(a)(xi).
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Baseline Net Sales means [***] of the Mallinckrodt Call List Dispensed Units for the [***] full months[***]. For clarity, the Baseline Net Sales shall remain fixed for the Term. For clarity, Baseline Net Sales shall be calculated [***] using the then-applicable Mallinckrodt Call List.
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Baseline Net Sales is defined in Section 1.94 hereof. ***Certain information contained herein has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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Related to Baseline Net Sales

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

  • Net Sales means [***].

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

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

  • 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.

  • 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.

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • 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.

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • 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.

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

  • Baseline area means any intra- state area (and every part thereof) des- ignated as attainment or unclassifiable under section 107(d)(1)(A)(ii) or (iii) of the Act in which the major source or major modification establishing the minor source baseline date would con- struct or would have an air quality im- pact for the pollutant for which the baseline date is established, as follows: equal to or greater than 1 μg/m3 (an- nual average) for SO2, NO2, or PM10; or equal or greater than 0.3 μg/m3 (annual average) for PM2.5.(ii) Area redesignations under section 107(d)(1)(A)(ii) or (iii) of the Act cannot intersect or be smaller than the area of impact of any major stationary source or major modification which:

  • Royalty Rate means the percentage defined in Exhibit B.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

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

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • Manufacturing Cost means [***].

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

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

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

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and