Aggregate Gross Margin definition
Aggregate Gross Margin shall have the meaning set forth in Schedule 2.5.
Aggregate Gross Margin means earned revenues (less the aggregate amount of any liquidated damages, set-offs, receivables not paid, and other claims under the contract for the specific project) from a specific project, plus the amount of any indemnification payments pursuant to Section 3.25 with respect to receivables under the contract for the specific project, less the following identifiable project costs: direct labor costs, direct labor burden costs, direct material costs, direct subcontract costs, direct equipment utilization costs and other direct identifiable project costs, as determined by the Company in a manner consistent with its past and current job costing practices.
Aggregate Gross Margin or “AGM” means the sum of Product Gross Margin and Licensing Gross Margin.
Examples of Aggregate Gross Margin in a sentence
In the event that the Purdue Companies object to a determination made by IMPAX as to the Aggregate Gross Margin in connection with a claim for indemnification made by the Purdue Companies hereunder, the Purdue Companies will have the right to engage a CPA Firm to conduct an audit of IMPAX for the purposes of confirming the Aggregate Gross Margin on substantially the same basis as in Section 2(c) hereof.
Purchaser's sole remedy for the failure of the Company to meet the Aggregate Gross Margin under the Path 15 Contract shall be the forfeiture of the Holdback Amount in accordance with Section 1.7(b).