Examples of Gross Sales Price in a sentence
Should the aforementioned property be sold to a tenant or to a member of tenant’s family, during the term of this agreement or within twelve (12) months thereafter, Owner will pay Manager a commission of six (6%) of the Gross Sales Price of the property.
In consideration for the license granted herein, Xxxxxxxx shall pay Tactical a royalty equal to fifteen (15%) percent of the Net Gross Sales Price received by Xxxxxxxx for all Licensed Products sold by Xxxxxxxx during the term of this Agreement (the “Royalty”).
Further, for purposes of this Section 5, the Gross Sales Price shall be increased by any incentives, credits or other payments made to Xxxxxxxx by any sales representatives, wholesalers, or distributors of Licensed Products.
For purposes of this Agreement "Net Gross Sales Price" shall mean the gross sales price less the actual costs to manufacture the Licensed Product, which Xxxxxxxx estimates to be $2,500.00 per firearm.
Upon written notice from Consignor, the obligation of Consignee to obtain Sale Consent may be reinstated upon the results of a subsequent calendar month reflecting that the aggregate Gross Sales Price does not meet the threshold set forth in the first sentence of this Section 2.1(b) hereof.