Sales and Licensing Revenues Sample Clauses

Sales and Licensing Revenues. Sales and Licensing Revenues" shall mean revenues received by MicroCor and its assignees and successors that are (i) net sales revenues from the sale or other disposition of all Products or any other goods or services incorporating any portion of the Hematocrit Technology, (ii) revenues from the licensing of any portion of the Products or the Hematocrit Technology (where such revenues are not Royalty Revenues), and (iii) any other revenues (but excluding Royalty Revenues) generated by the Products, the Hematocrit Technology, or any right or interest therein. Net sales revenues, as a component of Sales and Licensing Revenues, shall be the invoice price of all Products sold less (i) standard trade discounts and returns actually allowed, (ii) all sales commissions or sales discounts actually allowed, (iii) taxes applicable to such sales, and (iv) shipping charges which are to be paid by MicroCor or its assignees or successors and not separately invoiced. Revenue from only one arms length sale of the same Product unit may be included in Sales and Licensing Revenues, and, in cases where a Product unit is sold more than once, only the revenue from the first arms length sale (the "First Sale") of such Product unit will be included in Sales and Licensing Revenues; that is, revenue from a sale of a Product unit by a purchaser of such unit shall not be included in Sales and Licensing Revenues if the revenue from the sale of such Product unit to the purchaser (or to a prior seller) has already been included in Sales and Licensing Revenues. Further, if the Product or use of the Hematocrit Technology is only a portion of a larger product or system, or if a license is granted to include a Product or use of the Hematocrit Technology in a larger product or system, then only that portion of the revenue reasonably attributable to the Product or Hematocrit Technology (as part of a larger product or system) will be included in Sales and Licensing Revenues. In such instances where a larger product or system is involved, the parties may further agree as to the portion of revenues from such product or system that is to be included in Sales and Licensing Revenues.
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Related to Sales and Licensing Revenues

  • Sublicense Revenue In the event Licensee or an Affiliate of Licensee sublicenses under Section 2.2, Licensee shall pay CareFusion **THE CONFIDENTIAL PORTION HAS BEEN SO OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAS BEEN FILED SEPARATELY WITH THE COMMISSION.** of any Sublicense Revenues resulting from sublicense agreements executed by Licensee.

  • Sublicense Income Company shall pay Medical School {***} of all Sublicense Income. Such amounts shall be due and payable within sixty (60) days after Company receives the relevant payment from the Sublicensee.

  • Net Sales The term “

  • Royalties on Net Sales Novo will pay to Neose royalties as a percentage of annual Net Sales of each New Product during the Term at the applicable rates set forth in this Section 4.1 and in accordance with this Section 4:

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Royalties 8.1 In consideration of the license herein granted, LICENSEE shall pay royalties to LICENSOR as follows:

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

  • Third Party Royalties Each party shall be responsible for all of its own costs of commercializing Products or licensing Intellectual Property Rights, including any payments to Third Parties for work done by such Third Parties or for licenses necessary for the manufacture, sale, or use of Products by a party or its Affiliates or sublicensees.

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

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