COMBINED SALES definition
COMBINED SALES. ’ for any period means the sum of (i) the sales of each of Egenor and its consolidated subsidiary, Etenorte, for such period as recorded in the Egenor Financial Statements; and (ii) the sales of each of Aguayt´ıa and its consolidated subsidiaries, Termoselva and Eteselva, for such period as recorded in the Aguayt´ıa Financial Statements;
COMBINED SALES means Net Sales plus net sales by the Purchaser ***********.