Payments on Net Sales Sample Clauses

The "Payments on Net Sales" clause defines how payments owed under an agreement are calculated based on the net sales generated from the sale of products or services. Typically, this clause specifies that payments, such as royalties or commissions, are determined as a percentage of net sales, which are gross sales minus certain allowable deductions like returns, discounts, or taxes. By clearly outlining the method for calculating payment obligations, this clause ensures both parties understand how much is owed and when, thereby reducing disputes and providing transparency in financial transactions.
Payments on Net Sales. In consideration for the rights granted hereunder, Crucell shall pay BN a royalty during the Royalty Term, at the following rates: (a) [***] percent ([***]%) of Net Sales of Licensed Products by Crucell, its Affiliates and Sublicensees made to an other than those specified in Section 11.2(b); or (b) [***] percent ([***]%) of Net Sales of Licensed Products by Crucell, its Affiliates and Sublicensees for all sales (i) if the sale is at a price which is greater than or equal to Crucell\s cost of goods as calculated in accordance with Crucell’s usual procedures consistently applied to vaccine products plus [***] percent ([***]%), or (ii) in any of the US, the European Economic Area, Switzerland, Japan, Singapore or South Korea unless such sale in such country is made to an institute listed in Annex G at less than Crucell\s cost of goods as calculated in accordance with Crucell’s usual procedures consistently applied to similar products plus [***] percent ([***]%). (c) Those royalties, if any, to be paid for Net Sales of Licensed Products by Crucell, its Affiliates and Sublicensees for sales for diagnostics applications shall be negotiated in good faith between the Parties upon one of the Parties delivering Notice to the other Party of the desire to have such negotiations. The Parties hereby agree that they shall not unreasonably delay or refuse to have such negotiations.
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Payments on Net Sales. In consideration for the rights granted hereunder, ▇▇▇▇▇▇▇ shall pay BN, on a country-by-country-basis, a royalty during the Royalty Term, at the following tiered royalty rates in consideration of the licenses granted hereunder, on Licensed Components or Licensed Products that are Covered by a Valid Claim of a BN Patent Right and/or Developed hereunder using BN Know-How: a) [***] of [***] aggregate Net Sales of Licensed Components and Licensed Products in a Calendar Year in the Territory; b) [***] of the portion of aggregate Net Sales of Licensed Components and Licensed Products in the Territory that exceeds [***] up to [***] in a Calendar Year; c) [***] of the portion of aggregate Net Sales of Licensed Components and Licensed Products in the Territory that exceeds [***] in a Calendar Year; Where BN exercises the option set out in Section 5.1 the amounts payable pursuant to Section 12.2 and 0 shall be replaced by the amounts to be negotiated as set out in Section 5.1.
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Payments on Net Sales. Subject to the terms and conditions of this Agreement, during the Payment Term, Buyer shall pay to Seller contingent payments in respect of Annual Net Sales of the Product as determined for a Calendar Year at the rates set forth in the table below. $[**]-$[**] [**]% Greater than $[**] [**]%
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Payments on Net Sales 
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Related to Payments on Net Sales

  • Payments on Non-Business Days Whenever any payment to be made by Borrower hereunder shall be stated to be due on a day which is not a Business Day, payments shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder and of any fees due under this Agreement, as the case may be.

  • Payments on Business Days Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a Business Day, then payment of interest or principal (and premium, if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period after such nominal date.

  • Taxes on Payments (a) Except as otherwise expressly provided in this Section 2.12, all payments by the Borrower under this Agreement or any other Credit Document shall be made free and clear of, and without deduction for, any and all present or future federal, state, local and foreign taxes, levies, imposts, duties, deductions, fees, assessments, withholdings, or other charges of whatever nature and all interest, penalties and other liabilities with respect thereto, including withholding taxes imposed by any jurisdiction or any political subdivision thereof, but excluding (i) taxes imposed on a Lender’s overall net income and franchise taxes imposed on such Lender, in each case, by the jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof and (ii) any taxes imposed on any “withholdable payment” payable to such recipient as a result of the failure of such recipient to satisfy the applicable requirements of FATCA (all such nonexcluded taxes, levies, imposts, duties, deductions, fees, assessments, withholdings, or other charges of whatever nature and all interest, penalties and other liabilities being referred to herein as “Indemnifiable Taxes”). If Indemnifiable Taxes are imposed in respect of any sum payable hereunder to any Lender, then (i) subject to the penultimate sentence of Section 2.12(e), the sum payable shall be increased by the amount necessary so that after making all required deductions such Lender shall receive an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make all required deductions and (iii) the Borrower shall pay the full amount deducted to the relevant taxing authority or other Governmental Authority in accordance with applicable law. For the avoidance of doubt, for purposes of this Section 2.12, “applicable law” includes FATCA.

  • Payments on Termination Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable. After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement.

  • Payments on Notes 37 Section 14.1. Place of Payment................................................................................ 37 Section 14.2. Home Office Payment........................................................................ 37 SECTION 15.