Total Net Sales for any Year -- means the Company's total net sales as reported in the Company's consolidated audited financial statements for the Year.
Total Net Sales means the aggregate Net Sales of CORPORATION, any Corporation Entity and any sublicensee of CORPORATION or any Corporation Entity to end users of Licensed Products.
Total Net Sales shall have the meaning assigned in Section 12.8.3(a).
Examples of Total Net Sales in a sentence
Proposer agrees that if Proposer is awarded an agreement under this RFP, it will provide to UT System a quarterly administrative fee of 2% of the Total Net Sales made by Preferred Supplier under the Agreement.
Total Net Sales for Licensed Products and Licensed Processes sold, by country.
Failure to accurately report Total Net Sales, to submit a timely Sales Report, or remit timely payment of the Washington Management Fee, may be cause for Contract termination, the charging of interest or penalties, or the exercise of other remedies provided by law.
Contractor will provide DES with a Sales Report detailing Total Net Sales for the preceding quarter in accordance with the Sales & Subcontractor Reports section of the Contract.
Proposer agrees that if Proposer is awarded an agreement under this RFP, it will provide to UT System an administrative fee of two percent (2%) of the Total Net Sales made by Preferred Supplier under the Agreement, as described in Section 5.2.1 of this RFP.
More Definitions of Total Net Sales
Total Net Sales means the amount of gross receipts on sales of Licensee’s HDAC Inhibitors by Licensee, Affiliates, or Sublicensees. Total Net Sales excludes the following items, but only to the extent they pertain to the sale of Licensee HDAC inhibitors, are included in gross revenue, and are separately stated on purchase orders, invoices, or other documents of sale:
Total Net Sales means the amount invoiced to third parties by or on behalf of Licensee with respect to all products bearing a BOSS xxxx minus BONA FIDE trade, quantity and early payment discounts actually taken, actual returns, shipping costs specifically itemized as such, uncollectible amounts actually written off as bad debt by Licensee and sales or excise taxes (if any) payable by Licensee in respect of and attributable directly and solely to sales of Licensed Products, provided that each such item is indicated separately and appears clearly separate from product price; provided further that for purposes of Total Net Sales calculations uncollectible amounts shall not exceed one half of one percent (0.5%) of Total Net Sales (including uncollectible amounts) of all products bearing a BOSS xxxx. No costs incurred in the manufacture, sale, distribution, advertisement or promotion of such products shall be deducted from the gross sales amounts or from any royalty payable to Licensor by Licensee. Any sales or transfers of such products made by Licensee to any person or entity that does not deal at arm's length with Licensee shall be computed, for the purpose of determining Total Net Sales, at an amount equal to the price at which Licensee would have invoiced or charged purchasers which deal at arm's length with Licensee, unless otherwise agreed to by Licensor in writing.
Total Net Sales means, with respect to any given Collaboration Product, the total of Morphic Net Sales and Licensee Net Sales for such Collaboration Product in a Calendar Year. Notwithstanding anything to the contrary herein, royalties payable by Client to Schrödinger for any Licensee Net Sales shall not exceed [***] of the amounts actually received by Client as royalties for such Licensee Net Sales from the associated Licensee under the applicable License or Sale Agreement. Client shall pay Schrödinger the foregoing royalties within [***] after the end of the calendar quarter to which the applicable Morphic Net Sales and Licensee Net Sales relate. For clarity, no royalties shall be owed for any Non-Collaboration Compound or Non-Collaboration Product.
Total Net Sales or "TNS" shall mean the Net Sales of Stand-Alone Products (if any) containing a certain FH plus the sum of Adjusted Net Sales of Combination Products (if any) containing the same FH.
Total Net Sales means the amount invoiced to third parties by or on behalf of LICENSEE with respect to all products bearing a BOSS xxxx minus bona fide trade, quantity and early payment discounts actually taken, actual returns, shipping costs specifically itemized as such, uncollectible amounts actually written off as bad debt by LICENSEE and sales or excise taxes (if any) payable by LICENSEE in respect of and attributable directly and solely to sales of Licensed Products, provided that each such item is indicated separately and appears clearly separate from product price; provided further that for purposes of Total Net Sales calculations uncollectible amounts shall not exceed one half of one percent (0.5%) of Total Net Sales (including uncollectible amounts) of all products bearing a BOSS xxxx. No costs incurred in the manufacture, sale, distribution, advertisement or promotion of such products shall be deducted from the gross sales amounts or from any royalty payable to LICENSOR by LICENSEE. Any sales or transfers of such products made by LICENSEE to any person or entity that does not deal at arm's length with LICENSEE shall be computed, for the purpose of determining Total Net Sales, at an amount equal to the price at which LICENSEE would have invoiced or charged purchasers which deal at arm's length with LICENSEE, unless otherwise agreed to by LICENSOR in writing.
Total Net Sales means (i) all bona fide sales of all products of the Business and the Acquired Business and (ii) all bona fide sales of Purchaser’s produce products to any customer of the Business or the Acquired Business (other than any customer of Purchaser identified on Schedule 2.9(a)(i) except sales in excess of the amounts listed thereon, it being the Parties’ intention that sales in excess of such listed amounts to such Purchaser customers be included as part of Total Net Sales), in each case calculated in accordance with GAAP in the same manner and on a consistent basis with Seller’s net sales statement as shown in Schedule 2.9(a)(ii), less discounts, returns, shortages,
Total Net Sales means net sales or net revenue resulting from the Business Products and recognized in NovaBay’s Condensed and Consolidated Statements of Operations in accordance with GAAP. Total Net Sales will exclude net sales or net revenue from NovaBay products (including any CelleRx branded products) and net sales or net revenue which is eliminated in NovaBay’s Condensed and Consolidated Statements of Operations.