Total Net Sales definition
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
Total Net Sales for Licensed Products and Licensed Processes sold, by country.
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.
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.
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.
At least *** before the start of each ***, the parties will use reasonable commercial efforts to agree on the forecasted Total Net Sales on a per Product basis and the forecasted Total Units Sold for that ***, which will be used to calculate the Forecast ASP.
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 ▇▇▇▇ 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 ▇▇▇▇. 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 ▇▇▇▇ 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 ▇▇▇▇. 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 total dollar amount of all sales made by Preferred Supplier to Institutional Participants, less credits, returns, taxes, and unpaid invoices. The administrative fee will be used by UT System to provide support for implementation, administration, monitoring, and management of the Agreement. [Note to Proposer: these details will be addressed in the Agreement's Service Requirements or Scope of Work.]
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 [***]