Product Premium definition

Product Premium means with respect to a particular PIONEER Licensed Product, the difference between the Product Price of the PIONEER Licensed Product and the Product Price of the applicable Benchmark Product in the same geographic market and time period. It is understood and agreed that the Product Premium shall also include any other consideration (e.g., technology access fees, up-front payments, and licensing fees) which PIONEER and its Affiliates, Agents and Sublicensees receive for the sale of a PIONEER Licensed Product as compared to the applicable Benchmark Product.
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Product Premium has the meaning set forth in Section 4.2(a)(i) of this License Agreement.
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Product Premium shall roughly approximate the difference between (A) the retail sales price of the Product sold by DNA and (B) the retail sales price for DNA's standard, commercially equivalent product, as agreed between the parties. On an annual basis or as more frequently as the parties may agree, the parties shall mutually determine, in good faith, the calculation of the Product Premium. Notwithstanding the foregoing, for the initial twelve-month period of the Term (and for so long at the parties are unable to agree otherwise) the Product Premium shall be equal to *** percent (***%) of the retail sales price of the Product sold by DNA.
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Examples of Product Premium in a sentence

  • Quarterly Reports by Product, Premium, Premium Discrepancy, Claim Turnaround Time and Disability Claim Report.

  • Based on the experience of the Product, Premium, terms and conditions may be revised subject to prior approval of Insurance Regulatory and Development Authority.

  • Fixed Conversion Factors LITRES/USG Item 2 is the Product Premium associated with quality of the product in US Dollar per MT (Metric Tonne) must remain constant during the period of the contract.

  • On an annual basis or as more frequently as the parties may agree, the parties shall mutually determine, in good faith, the calculation of the Product Premium.

  • Fixed Conversion Factors LITRES/USG=3.7854LITRES/METRIC TONNE=1,017USG/BBL=42LITRES/BBL=159 Item 2: is the Product Premium associated with quality of the product in US Dollar per MT (Metric Tonne) must remain constant during the period of the contract i.e. remain fixed for period of contractItem 3: freight and associated costs from refinery to Fiji terminals, and will alter on a monthly basis and in line with movement in world freight prices (also independently monitored and published).

  • Notwithstanding the foregoing, for the initial twelve-month period of the Term (and for so long at the parties are unable to agree otherwise) the Product Premium shall be equal to *** percent (***%) of the retail sales price of the Product sold by DNA.

  • This result informs that all independent variables (Product, Premium Pricing, and Service Process) provide the results of all information needed to predict Customer Satisfaction.

  • The set of communi- cation tasks from application Ai directly interfering with τabon stage s of its CR δab is SD(τab) = {τij | ∀τij ∈ ΓM , s ∈s i iδab ∩ δij ∧ (Pab < Pij)}.ij→ { }Task τab suffers indirect interference from task τkl when task τab has direct interference with task τij which has direct interference with task τkl; however, tasks τab and τkl do not directly interfere with each other.

  • In other words, Product, Premium Pricing, and Service Process have a simultaneous effect of 73.2% on Customer Satisfaction, and the remaining 26.8% is influenced by other variables outside this study.Research results are in line with findings Richard Oliver (Barnes, 2003: 64) that satisfaction is the response of customers to the fulfillment of their needs.

  • NG Maps shall have the right to withhold approval of any Product Premium that would constitute a direct or indirect product endorsement that would be contrary to the policies, reputation or goodwill of the Society as determined by NG in its sole discretion.


More Definitions of Product Premium

Product Premium means those product-related premiums charged to Purchaser in accordance with current practice and as further set forth in Schedule 5.
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Product Premium means o. "PURCHASER" has the meaning set forth in the Preamble to this Agreement.
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Product Premium means those product related premiums charged to the Purchaser in accordance with current practice and as set forth in Schedule 3.
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Related to Product Premium

  • Product Price has the meaning set forth in Section 1.04.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Furniture maintenance product means a wax, polish, conditioner or any other product designed for the purpose of polishing, protecting or enhancing finished wood surfaces other than floors but does not include dusting aids, wood cleaners, products designed solely for the purpose of cleaning and products designed to leave a permanent finish such as stains, sanding sealers and lacquers.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • LPMI Fee With respect to each LPMI Loan, the portion of the Mortgage Interest Rate as set forth on the related Mortgage Loan Schedule (which shall be payable solely from the interest portion of Monthly Payments, Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds), which, during such period prior to the required cancellation of the LPMI Policy, shall be used to pay the premium due on the related LPMI Policy.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Sales Costs means all costs, direct and indirect, associated with a foreclosure sale by the City, including but not limited to: county recording fees, title reports or other means of identifying persons with interest in the property, title insurance, service and notification, publication and advertising, posting, sale, and staff salaries, including benefits and overhead.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Buyer’s Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.