Net Sales of Licensed Products definition

Net Sales of Licensed Products means the invoice price of all sales of Licensed Products sold during the applicable period (i) by Licensee to end users, (ii) by Licensee to Permitted Distributors and/or (iii) by Permitted Distributors to end users, in each case, less the following amounts: (A) regular trade and quantity discounts actually taken; (B) government rebates actually taken; (C) actual returns of Licensed Products for which no replacement Licensed Products are provided; (D) taxes and duties directly imposed against the amount invoiced and actually paid by Licensee and (E) charges for packaging, handling and shipping separately stated on the invoice but before deduction of any other items.
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Net Sales of Licensed Products means the Gross Sales of the Licensed Products as the ease may be, less only (i) the applicable consumption tax imposed by Japanese taxing authorities with respect to sales of the Licensed Products and (ii) Trade Discounts, Allowances and Returns.
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Net Sales of Licensed Products means the invoiced sales price less any discounts or rebates not itemized in the invoiced sales price and not including any transportation or insurance costs of products within the scope of Licensed Patents sold by AlliedSignal and all Subsidiaries of AlliedSignal during the Reporting Period which are manufactured or sold in any country in which the Licensed Patents are enforceable less the total number of returns to AlliedSignal during such Reporting Period of such Licensed Products. 1. (g) "Party" shall mean AlliedSignal and/or Turbodyne as apparent from the context in the Section in which it is used.
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Examples of Net Sales of Licensed Products in a sentence

  • The report shall detail the number of Licensed Products sold, the Net Sales of Licensed Products and royalties due.

  • In partial consideration of the rights granted Company under this Agreement, Company shall pay to Medical School a royalty of {***} of Net Sales of Licensed Products by Company and its Affiliates (but not Sublicensees).

  • This report shall state the number, description, and aggregate Net Sales of Licensed Product(s) during such completed calendar quarter, and resulting calculation pursuant to Paragraph 6.2 of earned royalty payment due STANFORD for such completed calendar quarter.

  • With regard to Net Sales made by Licensee or its Affiliates, royalties shall be payable by Licensee quarterly, within sixty (60) days after the end of each calendar quarter, based upon the Net Sales of Licensed Products during such preceding calendar quarter, commencing with the calendar quarter in which the first commercial sale of any Licensed Product is made.

  • Termination for convenience shall not relieve the Licensee of its obligation to pay royalties on Net Sales of Licensed Products sold prior to the effective termination date.

  • With regard to Net Sales made by sublicensees of Licensee or its Affiliates, royalties shall be payable by Licensee quarterly, within ninety (90) days after the end of each calendar quarter, based upon the Net Sales of Licensed Products by such sublicensee during such preceding calendar quarter, commencing with the calendar quarter in which the first commercial sale of any Licensed Product is made by such sublicensee.

  • By way of illustration, assume a royalty of {***} under the Other Medical School Licenses of Net Sales of Licensed Products and a payment of {***} of Net Sales of Licensed Products to a third party.

  • Licensee shall and shall cause its Affiliates and its and their Sublicensees to, keep complete and accurate financial books and records pertaining to the Commercialization of Licensed Products hereunder, including books and records of Invoiced Sales and Net Sales of Licensed Products, in sufficient detail to calculate and verify all amounts payable hereunder.

  • In consideration for the license granted hereunder, Licensee agrees to pay to Licensor the royalty payments recited in Exhibit A based on Licensee’s Net Sales of Licensed Products (less accessories or other components or products used in combination with the Licensed Products).

  • LICENSEE shall maintain or cause to be maintained a true and correct set of records pertaining to the Net Sales of Licensed Products by LICENSEE under this Agreement.


More Definitions of Net Sales of Licensed Products

Net Sales of Licensed Products means the total amounts received by Licensee (or any affiliate of Licensee) from third party purchasers on all sales by Licensee (or any affiliate of Licensee) of Licensed Products, after deducting, to the extent not already deducted, normal and customary trade, dealer, quantity, and cash discounts actually allowed; freight charges; customary trade discounts actually taken; allowances for credits granted on account of Licensed Products rejections, returns, or price reductions; governmental sales, consumption and other taxes and charges imposed on sales of Licensed Products; non payment of invoices in accordance with their terms; and freight, insurance, customs, duties, and other landing charges. If payments to Licensee or any affiliate of Licensee are made in currency other than United States Dollars, then such currency shall be converted into its equivalent in United States Dollars at the rates used by Licensee in its internal accounting procedures.
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Net Sales of Licensed Products means the invoice price of all sales of Licensed Products sold during the applicable period (i) by Licensee to end users, (ii) by Licensee to Permitted Distributors and/or (iii) by Permitted Distributors to end users, in each case, less the following
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Related to Net Sales of Licensed Products

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Licensed Product means any pharmaceutical product containing a Licensed Compound (alone or with other active ingredients), in all forms, presentations, formulations and dosage forms.

  • Licensed producer means an agent, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law of any jurisdiction.

  • Licensed Services means all functions performed by the Licensed System.

  • Net Sales means [***].