Common use of Definition of Net Sales Clause in Contracts

Definition of Net Sales. As used throughout this Agreement, the term “Net Sales” shall mean the aggregate of the invoiced amounts of Licensed Items sold, shipped and/or provided by Licensee, less (a) refunds, credits and allowances actually made or allowed to customer with respect to Licensed Items, (b) freight charges charged to customers as a separate line item on the invoice, (c) duties, customs payments, and sales and excise taxes.

Definition of Net Sales. As used throughout in this AgreementLease, the term “"Net Sales” shall mean " is defined as the aggregate gross selling price of all merchandise and/or services sold upon or from the invoiced amounts of Licensed Items soldPremises by Tenant, shipped and/or provided by Licenseeits subtenants, less (a) refundslicensees and concessionaires, credits and allowances actually made whether for cash or allowed to customer with respect to Licensed Items, (b) freight charges charged to customers as a separate line item on the invoice, (c) duties, customs payments, and sales and excise taxes.credit