Net Sales Adjustments definition

Net Sales Adjustments shall have the meaning given in Section 1.60.
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Net Sales Adjustments means the following items as applicable to each such Marketed Product to the extent such items are customary under industry practices (for clarity, to the extent that there is overlap in the items listed below, the item only may be deducted once): (e) and
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Net Sales Adjustments means the following items as applicable to each such Product to the extent such items are customary under industry practices: (a) credits or allowances actually granted upon returns, rejections or recalls (due to spoilage, damage, expiration of useful life), retroactive price reductions, or billing corrections; (b) invoiced freight, postage, shipping, shipping insurance, handling and other transportation costs; (c) credits or allowances actually granted including quantity, cash, bad debt and other trade discounts; and (d) taxes (including sales, value-added or excise taxes, but excluding withholding taxes and taxes paid by METUCHEN on the net income derived from sales of the Products), tariffs, customs duties, surcharges and other governmental charges incurred in connection with the sale, transportation, delivery, exportation or importation of Products that are actually incurred at time of sale or are directly related to the sale and not otherwise previously deducted.
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Examples of Net Sales Adjustments in a sentence

  • As applicable, Net Sales, Net Sales Adjustments, and other elements of Net Revenue and Program Costs will be translated into United States dollars at the exchange rate used by Genzyme for public financial accounting purposes in accordance with GAAP.

  • During the review, Company shall provide the Auditor all information reasonably requested to audit and test for completeness, including information relating to sales, inventory, manufacturing, purchasing, transfer records, customer lists, invoices, purchase orders, sales orders, shipping documentation, Sublicensee royalty reports, pricing policies, Net Sales Adjustments, and sublicense agreements.

  • If the Buyer has not received notice of such a dispute within such thirty (30) day period, then the submitted Net Asset Adjustments and Net Sales Adjustments shall be deemed to constitute the final basis for any Purchase Price adjustment as described in Section 1.5(b).

  • In said notice the Seller shall notify the Buyer of those proposed adjustments in the Net Asset Adjustments and/or the Net Sales Adjustments which it believes are incorrect and shall state the basis under GAAP for such disagreement.

  • If no resolution of this dispute is finalized within said thirty (30) day period, the Buyer and the Seller shall mutually agree in writing on an independent accounting firm to review the Net Asset Adjustments and/or the Net Sales Adjustments (and related information) to determine the amount, if any, of such Net Asset Adjustments and/or Net Sales Adjustments determined as set forth above.


More Definitions of Net Sales Adjustments

Net Sales Adjustments means the following items as applicable to each such Product to the extent such items are customary under industry practices: (c) Schedule 7 to Second Amendment to Collaboration Agreement (e) and
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