Commercial Sales definition

Commercial Sales means the sale of a product in the stream of commerce at retail or at wholesale, including sales on the Internet.

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Commercial Sales means the sale of hemp products in the stream of commerce, at retail, wholesale, and online.

Commercial Sales means sales to private schools, colleges, hospitals, churches and other private educational, cultural, social or religious organizations, business or manufacturing establishments if the water is not used principally in manufacturing or processing functions.

Examples of Commercial Sales in a sentence

The Commercial Sales of Licensed Products during the Post-termination Period shall be governed by the terms of this Agreement, including the obligation to pay royalties on such Commercial Sales as provided in this Agreement.
Within thirty (30) days after the Quarter in which any First Commercial Sale occurs, and within thirty (30) days after each Quarter thereafter, Licensee shall provide Mount Sinai with a written report detailing the amount of Gross Sales from Commercial Sales of Licensed Products during the preceding Quarter, the amount of Net Sales made during such Quarter and the royalty payments due to Mount Sinai for such Quarter pursuant to Article 4 (each such report, a “Quarterly Report”).
Commercial Sales Certification (as defined in the Compensation Plan) is required to be successfully completed before a Wellness Advisor may discuss with a prospective Wellness Advisor who is primarily engaged in Professional Services, and product sales are secondary (i.e., doctors’ offices, chiropractors, clinics, health clubs, spas, or other healthcare professionals).
Training for Distributor's Trainer shall be provided, at LipoMatrix's election, either in Switzerland or in the Territory, and will occur before commencement of Commercial Sales, with training updates to be held as needed.
Specifically, submit the information requested in paragraphs 3 through 5 of the Commercial Sales Practice Format.

More Definitions of Commercial Sales

Commercial Sales means, for any applicable period, the amount invoiced for Product sold by Schering-Plough or its Affiliates to unaffiliated parties, exclusive of intercompany transfers.

Commercial Sales means sales by Licensee or Sublicensees of products claimed in, or produced using methods claimed in, the Licensed Patents to third parties.

Commercial Sales means sales of a Product in the Territory to Third Parties in bona fide arms-length transactions.

Commercial Sales means any transfer to, or use by, any party other than PVI or any Affiliate of PVI of Licensed Products for consideration, including, but not limited to, by any combination, joint venture, limited liability company, partnership or other entity, in which PVI enjoys in any economic sense revenue which is derived from the sale or use of Licensed Products.

Commercial Sales means sales of a PRODUCT to a THIRD PARTY in the TERRITORY in a commercial arms length transaction, invoiced by VIVUS, its AFFILIATES and/or their SUBLICENSEES to such THIRD PARTY.

Commercial Sales means the commercial transfer or disposition for value of Product in a country in the Territory to a third party by Bluejay, any of its Affiliates, subcontractors or sublicensees in each case, after obtaining all necessary Market Approvals as set forth in Sections 3.1 and 3.2 for such country.

Commercial Sales means, on a Product-by-Product and country-by-country basis, the sale or other disposition of a Product in an arm’s length transaction by or on behalf of Scinai or its Affiliates to an independent third party distributor or end user customer in exchange for cash, or cash equivalent to which monetary value can be readily assigned, in such country, after applicable Regulatory Approval for a BLA for such Product, and after all other applicable approvals required to market and sell such Product, including pricing and reimbursement approvals, have been granted, or otherwise permitted, by governmental or other responsible authorities in such country. For the avoidance of doubt, there shall be no Commercial Sale if: (1) Product is used by or on behalf of each of Scinai or its Affiliates for the sole purpose of performing Development; or (2) Product is provided to a third party by each of Scinai or its Affiliates, and used by such third party solely to conduct Clinical Studies with respect to Product; or (3) limited reasonable amounts of Product are used as promotional free samples, free goods, or other marketing programs to induce sales, or for compassionate or similar uses or donations to non-profit organizations, in connection with which Product is supplied without charge, (1) In the event the Product and the other pharmaceutically active ingredient(s) are sold separately during the royalty period in question in the country in question, then Net Sales shall be calculated by multiplying the Net Sales of the Combination Product in such country by the fraction A/(A+B), where A is the average gross selling price of the Product sold separately in the country in question during the royalty period in question, and B is the average gross selling price of the other pharmaceutically active ingredient(s) sold separately in the country in question during the royalty period in question; (2) if, on a country-by-country basis, the other pharmaceutically active ingredient or ingredients in the Combination Product are not sold separately in that country, Net Sales shall be calculated by multiplying the actual Net Sales of such Combination Product by the fraction A/C, where A is the invoice price of the Product if sold separately, and C is the invoice price of the Combination Product. If, on a country-by-country basis, neither the Product nor the other pharmaceutically active ingredient(s) of the Combination Product is sold separately in a country, the value of the pharmaceutica...