Examples of Gross Merchandise Value in a sentence
Gross Merchandise Value shall exclude any shipping, handling and other costs charged to End Users.
If the launch or the termination occurs during a calendar month, the Gross Merchandise Value shall only include those sales transactions for goods and services generated after the day of the launch or until the day on which the termination becomes effective, respectively.
Regardless of the actual Gross Merchandise Value, the Subscription Fee payable from Launch until Termination shall not amount to less than EUR [**] (“Minimum Subscription Fee”) per calendar year.
The “Annual Subscription Fee” shall amount to the greater of (i) the Gross Merchandise Value of a calendar year multiplied by the applicable GMV Rate as described in Section 1.1 of this Exhibit H or (ii) the Minimum Subscription Fee.
The world’s top 10 B2C companies in 2018 generated almost $2 trillion in Gross Merchandise Value (GMV) (Table 3) and are all headquartered in North America or East Asia.