Examples of Net Invoice Value in a sentence
As used throughout this Agreement, the term "Net Invoice Value" shall mean the aggregate of the invoiced amounts of Trademarked Product sold by Licensee, less (a) returned goods, refunds, credits and allowances actually made or allowed to customer with respect to Trademarked Product, (b) freight or handling charges charged to customers or incurred on returned goods, and (c) sales and excise taxes actually paid ("NIV").
This service will be for the maintenance of the 16th Section farm which is located west of Leland between Highway 82 and Racquet Club Road.
As used throughout this Agreement, the term "Net Invoice Value" shall mean the aggregate of the invoiced amounts of Trademarked Product sold by Licensee, less (a) resumed goods, refunds, credits and allowances actually made or allowed to customer with respect to Trademarked Product, (b) freight or handling charges charged to customers or incurred on resumed goods, and (c) sales and excise taxes actually paid ("NIV").
Subject to of Article 7 hereof, Lieensee shall pay to Licensor for the rights granted hereunder a sum equal to [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties").
The Borrowing Base shall be reduced by an amount equal to (A) the Net Invoice Value of any (i) Receivable which is outstanding for ninety (90) days, (ii) Receivable for which there is a Dispute with the Account Debtor, regardless of validity, or (iii) Receivable which AEG charges back to Seller for any other reason under this Agreement, and (B) any other amount which AEG may charge back to Seller to reduce the Purchase Price due with respect to any Receivable Pool.