Minimum Net Sales definition

Minimum Net Sales means the minimum amount of Net Sales of Products that LICENSEE is required to achieve, and as set forth in Exhibit J attached hereto.
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Minimum Net Sales means the Minimum Net Sales specified on Exhibit D which Licensee is required to maintain in each country there listed.
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Minimum Net Sales shall have that meaning set forth in Paragraph 3.7 below.
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Examples of Minimum Net Sales in a sentence

  • If the parties reach agreement to adjust the Minimum Net Sales, such adjustment shall be effective as of the first day of the Year in which USL gave notice to renegotiate under this Section.

  • If they are unable to reach agreement to adjust the Minimum Net Sales during that time period, then USL may at any time within ninety (90) days after expiration of the ninety-day negotiation period give Orion written notice of termination which will be effective ninety (90) days following the date of the notice of termination.

  • Any Minimum Net Sales Requirements set forth in Schedule D and promotional commitments in Section 3.1 shall be held in abeyance during such time as said Recall materially interferes with the Wholesalers’ ability to fulfill its customers’ orders, provided that such interruption shall not be deemed to occur so long as Distributor holds one week or more of saleable inventory.

  • In the event that the actual Net Sales of the Product in the Territory for a given Year are less than the applicable Minimum Net Sales for that Year (for reasons other than those described in the last paragraph of Section 7.2 above) (such shortfall referred to as a “Net Sales Shortfall”), then ninety (90) days after the end of the applicable Year, USL shall pay to Orion a “Shortfall Royalty” equal to Applicable Percentage (as defined in Section 6.9) multiplied by the Net Sales Shortfall.

  • Distributor shall also be subject to the Minimum Net Sales Requirements set forth in Schedule D.


More Definitions of Minimum Net Sales

Minimum Net Sales means the minimum amount of Net Sales of Licensed Products for the related Annual Period specified in Section 4(e) hereof.
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Minimum Net Sales for any Contract Year shall have the meaning as defined in “Exhibit E”.
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Minimum Net Sales shall have the meaning ascribed to that term in Section 5.3 hereof.
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Minimum Net Sales means, with respect to each fiscal quarter end where the covenant in Section 10.02 is tested, the amount set forth opposite such date on Schedule 10 under the caption “Minimum Net Sales”.
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Minimum Net Sales means, for each of the periods specified below, the aggregate Net Sales of Products in the Territory set forth opposite such period, subject to adjustments as provided in Section 6.8 hereof: Calendar Year Minimum Net Sales ($, 000) ------------- -------------------------- 1999 [**] 2000 [**] 2001 [**] 2002 [**] 2003 and thereafter [**] ---------------------------- [**]Confidential Information omitted and filed separately with the Securities and Exchange Commission.
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Minimum Net Sales means for each Annual Period the minimum Net Sales set forth in the Business Plans Approved by Company.
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Minimum Net Sales means, with respect to any period, [***].
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