Net Sales Receipts definition

Net Sales Receipts means the money receivable for sales of the Products after deduction of any sales tax, packing and delivery costs and service provider costs charged by any person relating to ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Net Sales Receipts means, excluding only the amounts defined as "Gross Sublicensing Receipts" in Paragraph 1.4 below, all revenue received or accrued by Licensee during the term of the Agreement, arising out of or related to the use, transfer, lease, or sale of any Licensed Product at the actual amounts charged by Licensee or by any Affiliate. "NET SALES RECEIPTS" shall also include consideration received by Licensee for a Licensed Product that is made during the term of a Licensed Patent, but that is used, sold, or otherwise transferred after that term. "NET SALES RECEIPTS" shall not include the following amounts: (I) revenue attributable to Licensed Products that are actually returned to Licensee for refund; (II) transportation charges or allowances, if any, added to the price; (III) sales tariffs, duties, or taxes for Licensed Products that Licensee is required to collect and remit to a government as a matter of law; but in no circumstances shall any deduction or exclusion from Net Sales Receipts be taken for any franchise tax or income tax; and (IV) consideration received by Licensee under a bona fide research contract. No other deductions of any kind shall be made, whether for agents' commissions or otherwise. Where all or part of the consideration received by Licensee, an Affiliate of Licensee, or a sublicensee as otherwise set forth in this Paragraph 1.3 for the use or transfer of any Licensed Product is not cash, or where the final use of a Licensed Product is by a Special Party (as that term is defined below), then the "NET SALES RECEIPTS" for that Licensed Product for purposes of computing royalties or other amounts due under the Agreement shall be deemed to be the fair market value for such Licensed Product. In determining fair market value, appropriate weight shall be given to any arms-length transaction by Licensee, an Affiliate of Licensee, or a sublicensee involving the same or a similar Licensed Product. The time when "NET SALES RECEIPTS" for any Licensed Product are deemed received for purposes of computing royalties or other amounts due under the Agreement shall be (1) the date when a purchaser is billed by Licensee, (2) the date when the purchaser actually uses or receives that Licensed Product, (3) the date when Licensee bills for the use of that Licensed Product, or (4) the date when Licensee receives payment for that Licensed Product, whichever date is earliest; provided that Licensee must actually receive payment for that Licensed Product before Licens...
Net Sales Receipts means the actual wholesale selling price of the Product invoiced by Publisher and/or Publisher’s authorized Co-Publisher less (to the extent actually paid, or actually issued, by Publisher or its Co-Publisher, as applicable, in respect of the Product): any credits for returns of Units, price protection or markdowns, credits in lieu {00017805.DOC/ / 08/11/2005 01:55 PM} of returns, any value added tax and any other sales taxes included in such invoice price and actual cost of goods sold (manufacturing costs).

Examples of Net Sales Receipts in a sentence

  • Net Sales Receipts shall be defined herein as that amount of money received from the sale, distribution, transfer or disposal of the Licensed Products, less transportation charges, trade discounts, returns, and any applicable taxes.

  • Royalty payment (made payable to University of West Georgia) as specified in Paragraph 4.02, together with a written report thereof shall be made to: Trademark Licensing Office University Community Center University of West Georgia 1601 Maple Street Carrollton, GA 30118 showing the Net Sales Receipts as defined in Paragraph 3.01, the quantity sold for each of the Licensed Products, and the total royalty due.

  • Publisher, or its co-publisher, shall spend a minimum of five percent (5%) of the expected Net Sales Receipts, based on the sales forecast, in each country or region (the “Marketing Guarantee”).

  • On a quarterly basis, Licensee shall pay to LSU a royalty equal to the greater of the following two amounts for each Licensed Product that is made, used, sold, or imported by Licensee: (a) *** of Net Sales Receipts, or (b) *** of Gross Value Added.

  • RoyaltiesIn consideration of the rights granted by LICENSOR to LICENSEE under Paragraph 2, LICENSEE agrees to pay LICENSOR an annual contract initiation royalty of $50.00 and a royalty of eight percent (8%) of the Net Sales Receipts of any and all Licensed Products sold, distributed, transferred, or otherwise disposed of by LICENSEE.


More Definitions of Net Sales Receipts

Net Sales Receipts means gross sales less: (i) customary trade cash quantity discounts not to exceed 10% of gross sales, (ii) returns and allowances (including price protection credits), (iii) reasonable deductions for costs incurred in the manufacture of the product, (iv) royalties payable to 3rd party licensors including console manufacturer charge and fees, (v) reasonable marketing costs not to exceed 15.0% of gross sales and (vi) any value added taxes included in gross sales. Net Sales in foreign currencies will be deemed converted into United States Dollars at the rate reported in the Wall Street Journal for the last United States business day of the quarter, or on such other reasonable and fair exchange rate Publisher and Developer may mutually agree.
Net Sales Receipts means gross amounts received by SOE from the sale, distribution or ancillary exploitation attributable to the Product (but excluding Net Sublicensing Receipts), less SOE’s Costs.
Net Sales Receipts means gross revenue from the sale of Licensed Products less sales tax, VAT (or its equivalent) and other taxes in the nature of sales taxes and freight costs, if any.
Net Sales Receipts means all revenue received or accrued by Licensee during the term of the Agreement, arising out of or related to the use, transfer, lease, or sale of any Licensed Product at the actual amounts charged by Licensee or by any Affiliate. "NET SALES RECEIPTS" shall also include consideration received by Licensee for a Licensed Product that is made during the term of a Licensed Patent, but that is used, sold, or otherwise transferred after that term. "NET SALES RECEIPTS" shall not include the following items, provided that the deducted items are separately invoiced or documented and do not exceed the reasonable and customary amounts for such items in the particular country:
Net Sales Receipts shall also include consideration received by Licensee for a Licensed Product that is made during the term of a Licensed Patent, but that is used, sold, or otherwise transferred after that term. "NET SALES RECEIPTS" shall not include the following items, provided that the deducted items are separately invoiced or documented and do not exceed the reasonable and customary amounts for such items in the particular country:
Net Sales Receipts means all revenues excluding GST and excluding fees paid to the Franchisee by the Franchisor for the Franchisee’s provision of services to the Agent. For clarity, Net Sales Receipts (NSR) shall include any and all fees, charges, bonuses, overhead allocations, or other sources of income, whether direct or indirect, whether contingent or otherwise, received in consideration of the provision of taxation, accounting, bookkeeping, financial and estate business and personal planning and/or consulting services from any source whatsoever during the Term, the Renewal Term, if any, and any Renewals thereof; “Payment Date” means the date on which any amount which is required to be paid by Franchisee to Franchisor under this Agreement, becomes payable;
Net Sales Receipts means the money receivable for ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ,