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Company Net Sales definition

Company Net Sales means Company Purchases, less credits or refunds, as shown in the Transaction Records received by the Bank each Business Day (as corrected by Bank in the event of any computational error), and calculated each Business Day.
Company Net Sales means, with respect to any Product sold by Company or any of its Affiliates, licensees or sublicensees, the gross amounts invoiced on sales of such Product by Company or any of its Affiliates, licensees or sublicensees to a Third Party purchaser in an arms-length transaction, less the following customary deductions, determined in accordance with GAAP and internal policies and actually taken, paid, accrued or allocated based on good faith estimates: (a) trade, cash and/or quantity discounts, allowances, and credits, excluding commissions for commercialization; (b) excise taxes, use taxes, tariffs, sales taxes and customs duties, and/or other government taxes imposed on the sale of Product (including VAT, but only to the extent that such VAT taxes are not reimbursable or refundable), specifically excluding, for clarity, any income taxes assessed against the income arising from such sale; (c) outbound freight, shipment and insurance costs to the extent included in the price and separately itemized on the invoice price; (d) [***], cash rebates payable to, or the impact of reimbursement caps established by, a governmental authority (or agent thereof) pursuant to governmental regulations by reason of any national or local health insurance program or similar program, including government levied fees as a result of healthcare reform policies; Confidential 5 (e) retroactive price reductions, credits or allowances actually granted upon rejections or returns of Product, including for recalls or damaged goods, or billing errors and reserves for returns; (f) rebates, chargebacks, administrative fees and discounts (or equivalent thereof) payable to managed health care organizations, group purchasing organizations, pharmacy benefit managers (or equivalent thereof), specialty pharmacy providers, federal, state/provincial, local or other governments, or their agencies or purchasers, reimbursers, or trade customers; (g) amounts payable to patients through co-pay assistance cards or similar forms of rebate directly related to the prescribing of the Product; and (h) any invoiced amounts which are not collected by Company or its Affiliates, including bad debts. All aforementioned deductions shall only be allowable to the extent they are commercially reasonable and shall be determined, on a country-by-country basis, as incurred in the ordinary course of business in type and amount consistent with Company’s, its Affiliate’s, or Third Party licensee’s or sublicensee’s (as the cas...
Company Net Sales means the actual revenue of the Surviving Corporation realized during the calendar year in question, applying the revenue recognition rules of the Company as in effect during the fiscal year ending March 31, 1999 and the nine months ending December 31, 1999, plus an amount equal to (a) 150% of the base salary of Surviving Corporation engineering personnel who are requested by Parent to assist in Parent development projects, including without limitation the modification of CT scanners to suit the needs of the lumber industry, calculated on the basis of the portion of time spent by such engineers on such Parent matters, less any reimbursements provided by Parent in respect of such personnel costs, plus (b) fifteen percent (15%) of any revenue recognized by Parent or an affiliate of Parent other than the Surviving Corporation during the relevant calendar year from the sale or lease of products (but not services) to the lumber industry. For the sake of clarity, the parties have agreed that no revenue credit will be given, or penalty imposed, by reason of the efforts of personnel of the Surviving Corporation to assist Parent, or the efforts of Parent personnel to assist the Surviving Corporation.

Examples of Company Net Sales in a sentence

  • In the event that no such separate sales are made by the Company, Net Sales for royalty determination shall be as reasonably allocated by the Company between such Licensed Product and such other product, based upon their relative importance and proprietary protection.

  • The Third Installment Contingent Amount shall be paid if and only if Company Net Sales for the calendar year ending December 31, 2001, equal or exceed $10,527,000 and EBITDA as a percentage of Company Net Sales during such calendar year equals or exceeds eight percent (8%).

  • Passengers cancelled around 6,500 trips and demand was approximately 1,500 trips below target at the end of November and the beginning of December due to the adverse weather conditions, especially in south east London.Adverse weather conditions also increased journey times and time need for disabled passengers to move safely between the vehicle and their home, resulting in reduction an overall service capacity.

  • Gaul Company EBITDA 20 % 9,168 18,335 36,670 — Group EBITDA 55 % 25,212 50,423 100,846 90,956 Group Sales 25 % 11,460 22,920 45,840 23,099 Joseph Schneider (3) Company Net Sales 75 % 44,719 89,437 178,874 N/A Company EBITDA 25 % 14,907 29,813 59,626 N/A (1) As Interim President and CEO, Mr. Hartnett does not participate in the STIP based on EBITDA and Net Sales targets.

  • Madlock (2) Company EBITDA 75 % 51,483 102,965 205,930 120,000 Company Net Sales 25 % 17,161 34,322 68,644 — Steven M.

  • Casing tubes shall be made of steel by accurate and precision welding process or of seamless tube and similarly protection cover also be sufficiently strong and similarly protection cover shall also be strong to increase the life of dampers.

  • Our Company Net Sales We do not plan to generate sales apart from those generated by our management consulting business and those other businesses that we may acquire in the future.

  • The Chairman of the Board or the President may sign deeds, mortgages, bonds, contracts, or other instruments which the Board of Directors has authorized to be executed, except in cases where the signing and executing thereof shall be expressly delegated by the Board of Directors or by these by-laws to some other officer or agent of the corporation or shall be required by law to be otherwise signed or executed.

  • The Company Net Sales for the fiscal year 2013 has exceeded USD$130 million.

  • The balance shall be retained by Company and such balance amount shall be deemed to be Company Net Sales of such Licensed Products (s) and shall be subject to Company's royalty and other payment obligations to Columbia with respect to Company Net Sales as set forth in this Agreement.


More Definitions of Company Net Sales

Company Net Sales means, with respect to any Product sold by Company or any of its Affiliates, licensees or sublicensees, the gross amounts invoiced on sales of such Product by Company or any of its Affiliates, licensees or sublicensees to a Third Party purchaser in an arms-length transaction, less the following customary deductions, determined in accordance with GAAP and internal policies and actually taken, paid, accrued or allocated based on good faith estimates:
Company Net Sales has the meaning set forth in Section 3.5(a) below.
Company Net Sales means net sales of the Company calculated in accordance with GAAP, applying the policies, principles, conventions, methodologies and procedures utilized in the preparation of the Reviewed Financials (to the extent consistent with GAAP) (except as modified by the Net Sales Schedule attached as Exhibit I (including any line items, judgments, practices, principles, policies, estimations and methodologies described in such Net Sales Schedule)).
Company Net Sales means the total of all fees, amounts, payments, and other consideration charged by the Company, any Affiliate, or a Collaborative Sublicensee to a third party for the manufacture, use, sale, rental or lease of Licensed Products, less returns and customary trade discounts actually taken, outbound freight, value added, sales or use taxes, and custom duties. In the case of transfers of Licensed Products by the Company to an Affiliate or Collaborative Sublicensee for sale, rental, or lease of such Licensed Products by such Affiliate or Collaborative Sublicensee to third parties, Net Sales shall be based upon the greater of the total fees, amounts, payments, and other consideration charged by the Company to the Affiliate or Collaborative Sublicensee and the total fees, amounts, payments, and other consideration charged by the Affiliate or Collaborative Sublicensee to third parties, provided that the multiple sale, resale, or disposition of the same unit of Licensed Products shall not be counted more than once in calculating Company Net Sales.

Related to Company Net Sales

  • Net Sales means [***].

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

  • Least developed country end product means an article that—

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

  • Export Transactions Net Activity means the aggregate net total, resulting from Export Transactions, of (i) Spot Market Energy charges, (ii) Transmission Congestion Charges, and (iii) Transmission Loss Charges, calculated as set forth in Operating Agreement, Schedule 1 and the parallel provisions of Tariff, Attachment K-Appendix. Export Transactions Net Activity may be positive or negative.

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

  • MINORITY BUSINESS ENTERPRISE (MBE means an individual, partnership, corporation or joint venture of any kind that is owned and controlled by U. S. Citizens and residents of Ohio, who are and have held themselves out as members of the following socially and economically disadvantaged groups: Blacks, American Indians, Hispanics and Asians. Only businesses certified by the State of Ohio Equal Opportunity Division in accordance with Section 123.151 of the Ohio Revised Code shall be recognized as being MBE certified within the purpose of this invitation.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Combination Products means COBI Combination Products, EVG Combination Products, TDF Combination Products, TAF Combination Products and Quad Product.

  • 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.

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • Sublicense Revenue means [***].

  • Sublicense Revenues means [***].

  • Disposable earnings means that part of the earnings of an

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Company Business means the business of the Company as presently conducted.

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Peak Market Activity means a measure of exposure for which credit is required, involving peak exposures in rolling three-week periods over a year timeframe, with two semi-annual reset points, pursuant to provisions of Tariff, Attachment Q, section V.A. Peak Market Activity shall exclude FTR Net Activity, Virtual Transactions Net Activity, and Export Transactions Net Activity.

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Certified Minority Business Enterprise means a business which has been certified by the certifying organization or jurisdiction in accordance with s. 287.0943(1) and (2).

  • Clinical peer means a physician or other health care professional who holds a non-restricted license in a state of the United States and in the same or similar specialty as typically manages the medical condition, procedure or treatment under review.

  • Nondesignated country end product means any end product that is not a U.S.-made end product or a designated country end product.

  • Sublicensing Revenue means all amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

  • Least developed country means any of the following countries: Afghanistan, Angola, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Central African Republic, Chad, Comoros, Democratic Republic of Congo, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, Haiti, Kiribati, Laos, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Nepal, Niger, Rwanda, Samoa, Sao Tome and Principe, Senegal, Sierra Leone, Solomon Islands, Somalia, South Sudan, Tanzania, Timor-Leste, Togo, Tuvalu, Uganda, Vanuatu, Yemen, or Zambia.

  • Gross alpha particle activity means the total radioactivity due to alpha particle emission as inferred from measurements on a dry sample.