Actual Gross Sales definition

Actual Gross Sales as used in this Item 19 means Total Sales minus the value of discounts and complementary products given to employees. This is the amount on which franchisees pay Royalty Fees and other fees.
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Actual Gross Sales shall have the meaning set forth in Section 2.5(a).
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Actual Gross Sales means, during the Term, [ * ]. The amount of Actual Gross Sales may be adjusted upon mutual agreement of the parties pursuant to Section 7.3.
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Examples of Actual Gross Sales in a sentence

  • Vendors are assigned to peer groups during the selection and authorization process utilizing five (5) criteria: (1) Business Economic Markets (BEAs) – Geographic Measure(2) Sub-Markets (e.g., Metro or Non-Metro) – Geographic Measure(3) Type of Store (e.g., Supermarket or Non-Supermarket) – Size Measure(4) Actual Gross Sales or Estimated Sales Revenue – Size Measure(5) Type of Ownership (e.g., Chain Store or Non-Chain Store) – Size Measure.

  • On or before April 15th of the calendar year following the applicable Earnout Year, Buyer shall provide Appointed Agent with an unaudited income statement of Buyer with respect to such Earnout Year, together with a calculation of the Earnout Actual Gross Sales, Earnout Actual Gross Profit and Earnout Payment Ratio for such Earnout Year (the “Preliminary Earnout Statement”).

  • In accordance with its standard accounting practices, Somerset shall keep full and accurate books, records and invoices with respect to Actual Gross Sales, and the amounts payable hereunder, for no less than three (3) years after the end of the Term.

  • Should any third party violation of the intellectual property rights of ELDEPRYL Brand have a material effect on Actual Gross Sales, the Managing Committee may address such material effect, as provided for in Section 3.1(b)(iii).

  • PETPLANET shall prepare an accounting to determine the Actual Gross Sales; such accounting shall be prepared according to Generally Accepted Accounting Principles ("GAAP"), except that returned, defective or purchased products shall be subtracted from the final calculation in determining the Actual Gross Sales.

  • The Margin Deficiency shall be calculated based on the difference between the Gross Sales Projections and the actual gross sales of AGCO products to PETPLANET visitors incurred in the same period of time as the Gross Sales Projections (the "Actual Gross Sales").

  • Such independent accountants shall, pursuant to separate written contract, keep confidential any information obtained during such examination and shall report to CoCensys only Actual Gross Sales and the amounts which the independent accountant believes to be due and payable hereunder.

Related to Actual Gross Sales

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Gross laden weight means the actual weight of a vehicle or combination of

  • Net Revenues means the difference between:

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Net Sales means [***].

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Actual Uptime means, of the Total Operation Hours, the aggregate number of hours in any month during which each equipment is actually available for use.

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Gross Revenue means:

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to (x) any limits on the number of shares of Common Stock that may be owned by a Holder at any one time, or (y) any additional Underlying Shares that could be issuable as a result of any future possible adjustments made under Section 9(d).

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Sublicense Revenues means [***].