Factory Sales definition

Factory Sales means Gross Sales less the following deductions (i) returns (including withdrawals and recalls); (ii) chargebacks; (iii) sales and other taxes directly linked to and included in the Gross Sales amount and (iv) invoice corrections; provided, however, that solely for purposes of calculating the payments due to GILEAD for sales in the first Calendar Year (1997) pursuant to Paragraph 3.02, returns as described in clause (i) above shall not be deducted from Gross Sales in calculating Factory Sales.
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Examples of Factory Sales in a sentence

  • Net factory Sales Price: Net Factory Sales Price is defined as the gross factory selling price of Licensed Product, or the US importer’s gross selling price if Licensed Product is made abroad.

  • The Net Factory Sales Price shall not include packing costs, if itemized separately, import and export taxes, excise and other sales taxes, and custom duties, and 3) costs of insurance and transportation, if billed separately, from the place of manufacture if in the US., or from the place of importation if manufactures abroad, to the customers premises or next point of distribution or sale.

  • Licensor acknowledges that customer lists compiled by Licensee for the Products constitute trade secrets and are the exclusive property of Licensee and that at no time during the Term, if any, or upon termination of the license, shall Licensor utilize said customer lists for any purpose except to verify and confirm the amount of Gross Factory Sales of the Products, the royalties due Licensor, or in connection with collection of any amount due hereunder of the enforcement of any other rights hereunder.

  • Said Running Royalty shall be computed on LICENSEE’S Net Factory Sales Price of Licensed Product.

  • The Net Factory Sales Price shall not include packing costs, if itemized separately, import or export taxes, excise and other sales taxes, and custom duties, and 3) cost of insurance and transportation, if billed separately, from the place of manufacture if in the US., or from the place of importation if manufactures abroad, to the customers premises or next point of distribution or sale.

  • Because the licensor’s patent application was ultimately abandoned, only a 1% “know-how” royalty based on Net Factory Sales Price, as defined, remains applicable.

  • Notwithstanding anything herein to the contrary, Seller shall be entitled to sell the Products as a Factory Sales Representative of the Distributor.

  • The terms of the original license agreement required the payment of a royalty based on the Net Factory Sales Price, as defined in the agreement, of licensed product sales.

  • Respectfully submitted, ▇▇▇▇▇▇ Emergency Vehicles Company ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ Grove City, Ohio 43123 By: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Factory Sales Representative Proposal Accepted By: Title: Date: ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ • Grove City, Ohio 43123 • ▇▇▇-▇▇▇-▇▇▇▇ fax • ▇▇▇-▇▇▇-▇▇▇▇ The State of Ohio Term Schedule requires ▇▇▇▇▇▇ to breakout the base pricing and option pricing as submitted to the State of Ohio.

  • Limited (Fujian) - Taiyuan Xingfa Mountain Pute Plastic Factory, Sales Department of Chaoyang, Beijing Contract for the purchase of turnover boxes 65el 2006-11-21 - Lin Tao (Fuzhou Huagang Biotechnology Co., Ltd.) (Supplier) - Land V.