NET SERVICE definition

NET SERVICE. REVENUES" SHALL mean NET REVENUES derived from the sale or performance of LICENSED SERVICES.

NET SERVICE means recognised service less any period of unpaid leave in excess of 10 days, subject to sub-clause 30.14 - Sick Leave Without Pay.

NET SERVICE. REVENUES" shall mean actual revenues received for the performance of LICENSED SERVICE less sales and/or use taxes imposed upon and with specific reference to the LICENSED SERVICE, trade discounts allowed, refunds and rebates. If a LICENSED SERVICE is offered in combination with another service or services, NET SERVICE REVENUES for purposes of determining royalties on the LICENSED SERVICE shall be calculated by multiplying the NET SERVICE REVENUES [as defined above, but applied to the combination services], by the fraction A/(A+B), where A is the invoice price of the LICENSED SERVICE and B is the invoice price of the other service or services in the combination if sold separately.

Examples of NET SERVICE in a sentence

• Royalty Reports shall disclose the amount of LICENSED PRODUCT(S) and LICENSED SERVICE(S) sold, the total NET SALES and NET SERVICE REVENUES of such LICENSED PRODUCT(S) and LICENSED SERVICE(S), and the running royalties due to JHU as a result of NET SALES and NET SERVICE REVENUES by Company, AFFILIATED COMPANIES and SUBLICENSEE(S) thereof.

• Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement.

• All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU, but shall be deducted from gross sales revenues and fees and gross service revenues and fees in the calculation of NET SALES and NET SERVICE REVENUES to the extent such taxes have been included in gross sales revenues and fees and gross service revenues and fees.

• Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company, AFFILIATED COMPANIES and SUBLICENSEE(S), based on NET SALES and NET SERVICE REVENUES for the term of this Agreement.

• Company shall provide to JHU within thirty (30) days of the end of each March, June, September and December after the EFFECTIVE DATE of this Agreement, a written report to JHU of the amount of LICENSED PRODUCT sold, and LICENSED SERVICE sold, the total NET SALES and NET SERVICE REVENUES of such LICENSED PRODUCT and LICENSED SERVICE, and the running royalties due to JHU as a result of NET SALES and NET SERVICE REVENUES by Company, AFFILIATED COMPANIES and SUBLICENSEE thereof.

More Definitions of NET SERVICE

NET SERVICE. REVENUES” shall mean ***.

NET SERVICE. REVENUES” shall mean the total invoiced service revenues for the performance of LICENSED SERVICE sold by Company, less the following sums actually paid or credited by Company as shall be detailed in Company’s reports made pursuant to Paragraph 5.1 of this AGREEMENT: (a) trade, quantity or cash discounts allowed in amounts customary in the trade; (b) outbound transportation charges prepaid or allowed on the cost of shipping to customers that are included as a separate line item, if any; and (c) credits or allowances, if given or made for LICENSED SERVICES, price adjustments, returns, rejections, recalls or destructions (voluntarily made by or requested or made by an appropriate government agency, subdivision or department) of LICENSED SERVICES previously delivered. LICENSED SERVICES used for non-revenue producing activity such as promotional items or field trials to support future sales shall not be considered to be NET SALES.

NET SERVICE. REVENUES", subject to Paragraph 4.12, below, shall mean actual gross revenues received by Company or AFFILIATED COMPANIES for the performance by them of LICENSED SERVICE less sales and/or use taxes less sales and/or use taxes imposed upon and with specific reference to the LICENSED SERVICE, and discounts or rebates accrued, incurred or paid to Federal Medicaid or State Medicare or other payors and amounts exactly repaid or credited by reason of rejection of services (due to recalls, dating or other reasons).

NET SERVICE. REVENUES", subject to Paragraph 4.5 below, shall mean actual billxxxx xx the COMPANY, AFFILIATED COMPANIES or SUBLICENSEES, as the case may be, for the performance of ROYALTY SERVICE(S) less sales, use, value added, withholding or other taxes imposed upon and with specific reference to the ROYALTY SERVICE(S) (excluding tax measured and assessed solely on the net income of the COMPANY).

NET SERVICE. REVENUES" shall mean the service revenues and fees received by Company, AFFILIATED COMPANY for the performance of LICENSED SERVICE(S) less insurance, shipping, duties, sales and/or use taxes imposed upon and with specific reference to the LICENSED SERVICE(S). In the event that Company, AFFILIATED COMPANY sells a LICENSED SERVICE(S) in combination with other services or substances or as part of a kit, the NET SERVICE REVENUES for purposes of royalty payments shall be based on the sales revenues and fees received from the entire combination or kit NET SERVICE REVENUE shall not include SUBLICENSE REVENUE.

NET SERVICE. REVENUES", subject to Paragraph 4.5, below, shall mean actual xxxxxxxx for the performance of LICENSED SERVICE less sales and/or use taxes imposed upon and with specific reference to the LICENSED SERVICE.

NET SERVICE. REVENUES" shall mean gross service revenues and fees billed by COMPANY, AFFILIATED COMPANY, SUBLICENSEE(S) and/or DEVELOPED PRODUCT LICENSEE(S) for or in connection with the performance of LICENSED SERVICE(S) and/or DEVELOPED PRODUCT(S) less reasonable and appropriate (and, in each every case, actually paid or applied) trade discounts allowed, refunds, returns and recalls, duties and sales and/or use taxes imposed upon and directly related to the sale of or fee the LICENSED SERVICE(S) and/or DEVELOPED PRODUCT(S). In the event that COMPANY, AFFILIATED COMPANY, SUBLICENSEE(S) and/or DEVELOPED PRODUCT LICENSEE(S) sells a LICENSED SERVICE(S) and/or DEVELOPED PRODUCT(S) in combination with Other Items or as part of a kit that contains Other Items, the NET SERVICE REVENUES for purposes of royalty payments shall mean the amount billed by COMPANY, AFFILIATED COMPANY, SUBLICENSEE(S) and/or DEVELOPED PRODUCT LICENSEE(S) on sales of the combination process, service or product less the deductions set forth above, multiplied by a proration factor determined as follows: (a) If all LICENSED SERVICE(S) and/or DEVELOPED PRODUCT(S) and Other Items were sold separately during the same or immediately preceding year, the proration factor shall be determined by the formula [A / (A+B)], where A is the aggregate gross sales price of all LICENSED SERVICE(S) and/or DEVELOPED PRODUCT(S) components during such period when sold separately from the Other