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.
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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:
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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.
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Examples of Company Net Sales in a sentence

  • In the event Company Net Sales for the period from January 1, 2022 through December 31, 2022 (the “Initial Contingent Payment Period”) exceeds the Initial Net Sales Target, Parent shall pay as additional merger consideration One Dollar and Seventy Cents ($1.70) for each One Dollar ($1.00) of Company Net Sales during the Initial Contingent Payment Period in excess of the Initial Net Sales Target (the “Initial Contingent Payment Amount”) as provided in Section 3.5(c).

  • For purposes of example only, if Company Net Sales for the Initial Contingent Payment Period is $50,000,000, the Initial Contingent Payment Amount shall be equal to ($1.7 x ($50M-the Initial Net Sales Target)), and if Company Net Sales for the Second Contingent Payment Period is $72,000,000, the Second Contingent Payment Amount shall be equal to (($1.7 x ($72M-$50M)); max of $30M).

  • Company Net Sales Up 57% For 2nd Quarter Net sales for the second quarter of 2003 were $68.0 million, up 57% over the same period in 2002.

  • Brand Executives Measures/Weighting: The performance measures for Brand Executives are Company Net Earnings (___%), Company Net Sales (___%), Brand Pretax Earnings (___%) and Individual Objectives (___%).


More Definitions of Company Net Sales

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.
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Company Net Sales has the meaning set forth in Section 3.5(a) below.
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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)).
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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)).
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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. Extended Primary Reserve Requirement:

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

  • State average current expense appropriations per student means the most

  • 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 any product containing both a pharmaceutically active agent or ingredient which constitutes a Licensed Product and one or more other pharmaceutically active agents or ingredients which do not constitute Licensed Products.

  • 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:

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • 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.

  • Sublicense Revenues means all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.

  • 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.

  • 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. Peak Season:

  • 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 (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • 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.

  • Designated country end product means a WTO GPA country end product, a Free Trade Agreement country end product, a least developed country end product, or a Caribbean Basin country end product.