Aggregate Net Sales definition
Examples of Aggregate Net Sales in a sentence
For the avoidance of doubt, any sales of such Licensed Product in such country following such expiration will be excluded from Annual Aggregate Net Sales of Licensed Products for purposes of any Sales Milestone Payments under Section 4.3 or royalties under this Section 4.4.
All other provisions of Section 4.4 will continue to apply with respect to the calculation and payment of royalties on Annual Aggregate Net Sales of Licensed Products (including, for the avoidance of doubt, any applicable reductions or offsets).
The Aggregate Net Sales for Product Two, with the Cynosure Hair Module and the Cynosure Other Module, is $250.
For illustration purposes only, if in the Calendar Year commencing on January 1, 2017 and ending on December 31, 2017, the Aggregate Net Sales of all Subject Products in the Calendar Quarters ending on March 31, 2017, June 30, 2017, September 30, 2017, and December 31, 2017 are [***] respectively, then Buyer would pay Seller an amount equal to [***], under and in accordance with Schedule 2.3.2(a).
Instead, ▇▇▇▇▇▇▇ will pay to Licensor royalties on Annual Aggregate Net Sales of Licensed Products during each Calendar Year at the rates set forth in the table below.
For each Separate Product, this percentage shall be equal to the product of (i) the quotient obtained by dividing Mallinckrodt's Net Sales of the Separate Product by the Aggregate Net Sales of the Separate Product multiplied by (ii) 100.
Before the approval of the Product for any New Indication, on a country-by-country basis, and in addition to any obligation of InterMune set forth in Article 6.2(b) below, InterMune shall pay to BI a [*] annual royalty on Aggregate Net Sales for [*] from the Effective Date.
If BI does not exercise the BI Option in any country, InterMune may promote the Product in such country and shall pay to BI in addition to any obligation of InterMune set forth in Article 6.2(b) above a [*] annual royalty on Aggregate Net Sales.
It is expressly agreed between the Parties that the Net Sales made by Menarini in the Excluded Territories shall not be taken into consideration in the calculation of such Aggregate Net Sales.
Starting with InterMune's first launch of the Product in the Field, InterMune shall pay to BI a [*] royalty on Aggregate Net Sales for [*] on a country-by-country basis.