Completed Sale(s) definition
Examples of Completed Sale(s) in a sentence
Completed Sales, leases, or exchanges shall be reported to the CIE by the Participant making the original information filing within seventy-two (72) hours (excluding weekends and holidays) of acceptance of a contract to purchase, lease, or exchange.
Earnout EBIT and any related financial calculations under this Section 1.3.3 shall be made in accordance with the methodologies and principles set forth on Exhibit E and, in the case of both EBIT and Completed Sales, otherwise in accordance with GAAP.
For example, if there were Completed Sales of 25,820 Dissolvable Plugs in Sales Earnout Period, Sellers shall be entitled to receive a payment from Buyers of $21,250,000 in cash [$25,000,000*(7,820/9,200)].
However, the acceptance of a Completed Sales by DIAGNOS after the date of termination of this Agreement of a Completed Sale received prior to such date from the DISTRIBUTOR shall not be construed as a renewal or waiver of the rights of DIAGNOS.
Consultant shall have the right to access the books and records of Company and its affiliates and to have an independent certified public accountant selected and retained by Consultant (and at Consultant’s expense) to inspect and examine such books of Company during regular business hours for the purpose of verifying the accuracy of the Completed Sales Gross Revenues and related compensation referred to in Section V and VII(C).
The Completed Sales requirements set out in Section 12.1 above are minimums for each period.
Commissions shall be paid each month for all Completed Sales of Products during the preceding month which are sold to and paid for by Smi▇▇ & Wesson's customers who are located in the Representative's Area of Responsibility.
Commissions shall be calculated and paid based on the Net Sales Price: (a) for Products for which Completed Sales have occurred during the Term and (b) for Products for which sales continue after the end of the Term to customers to whom Sales Representative has made Completed Sales during the Term, for as long as identical Product continues to be produced and sold by the Company to such customers (the life of the identical part to the same customer).