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 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:
Examples of Total Net Sales in a sentence
The Business Criteria for Performance Targets under this Section 9 shall be any one or any combination of Annual Return to Shareholders, Total Net Sales, Net Earnings, Net Earnings before Nonrecurring Items, Return on Equity, Return on Assets, EPS, EBITDA or EBITDA before Nonrecurring Items.
Constant-currency percent change and Total Net Sales, Excluding Heart Valves are non-GAAP metrics.
In determining whether to continue to term the employment of any Executive Officer, the board will use as a metric, the failure of the Company to meet at least 75% of its Total Net Sales and EBITDA projections for any prior six month period beginning January 1, 2014.
Sales between Licensee and its Affiliates and Sublicensees shall be disregarded for the purposes of calculating Total Net Sales except if such purchaser is the end user.
If the Licensee HDAC inhibitor and/or other active elements of the combination are not sold separately in a particular country, the parties shall negotiate in good faith to determine the Total Net Sales in such country.
More Definitions of Total Net Sales
Total Net Sales shall have the meaning assigned in Section 12.8.3(a).
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 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, 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. Applicable Products Royalty Tier Royalty Rate Collaboration Products that do not include a Collaboration Compound Primarily Active against at least one of avb6 or a4b7 First [***] of Total Net Sales [***] Collaboration Products that do not include a Collaboration Compound Primarily Active against at least one of avb6 or a4b7 Total Net Sales in excess of [***] [***] All Collaboration Products including at least one Collaboration Compound Primarily Active against avb6 or a4b7 N/A [***]
Total Net Sales. Means the gross invoice price from the sale, lease or other transfer or disposition, other than by sublicense, of a Combination Product by the Company or any sublicensee or affiliate to third parties, less the following deductions, provided they actually pertain to the disposition of the particular Combination Product and, in the case of the items specified in the immediately succeeding clauses are separately stated on the applicable invoice or are provided in a separate invoice: