Distributor Payments definition
Distributor Payments means any initial fees from a distributor in order to secure rights to distribute the Products in a certain region or territory.
Distributor Payments means any initial fees from a distributor in order to secure rights to distribute the Products in a certain region or territory. 1.6 “Event Revenue” shall mean revenue generated in connection with events. 1.7 “Gross Revenue” shall mean all consideration received by PBE relating to the manufacture, sale or promotion of Product, less only: (a) returns, refunds, credits and allowances actually made or allowed by or to distributors, subcontractors or other customers for Product; (b) customary trade discounts (including anticipations) afforded to and actually taken by distributors, subcontractors or other customers against payment for the Licensed Product; and (c) taxes or tariff’s assessed on sales or importation (only where applicable and where paid or payable by PBE). Without limitation, “Gross Revenue” shall include cash consideration paid to PBE on account of: (i) Retail Sales; (ii) Wholesale Sales; (iii) Distributor Payments; and (iv) Event Revenue. PBE understands, agrees and acknowledges that in the event that any sale or other disposition or transfer of Product is made by or on behalf of PBE to any person, organization, middleman, distributor, Subcontractor or other entity of any kind related or connected in any manner to PBE, or its officers, directors or major shareholders (individually and/or collectively “a Related Third Party”), the amount used for reporting Gross Revenue of such a sale or transfer shall always be the amount of cash or other consideration booked and/or received by PBE only from the first party that is not an Affiliated third party in the commercial chain for the sale or transfer of the Product leading from PBE to the final consumer. Stated another way, Gross Revenue shall not include revenues received by distributors, subcontractors or other third parties upon their sale or resale of Product. PBE’s receipt of a cash deposit, letter of credit or other security to assure future payment does not constitute Gross Revenue until earned by PBE. 1.8 “Internet Sales” shall mean the advertisement, promotion and sale of Products to individual consumers who submit orders for such Products directly through an E-Commerce Website consistent with the terms of this Agreement. 1.9 “Product” shall mean non-alcoholic energy drinks, non-alcoholic energy shots and any other non-alcoholic energy beverages, all of which may be manufactured, advertised, promoted, distributed and sold by or for PBE pursuant to the License. 1.10 “Person” shall mean any natu...
Examples of Distributor Payments in a sentence
Without limitation, “Gross Revenue” shall include cash consideration paid to PBE on account of: (i) Retail Sales; (ii) Wholesale Sales; (iii) Distributor Payments; and (iv) Event Revenue.