FOB Cost definition

FOB Cost means the total direct costs without markup or load that Licensee pays to its factory and/or other applicable seller in connection with the manufacture and purchase of Licensed Goods and Services, including, without limitation, as it relates to transferring title of such Licensed Goods and Services to or for the benefit of Licensee.
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FOB Cost means cost of materials/equipment free on board defined in INCOTERMS 1953.
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Examples of FOB Cost in a sentence

  • Licensee shall use such efforts to facilitate the placement of such International Operators’ purchase orders for such then-existing lines of Licensed Goods and Services, on net payment terms that are comparable to the terms received by Licensee from the applicable manufacturer, at FOB Cost.

  • Licensor or the applicable International Operator shall pay Licensee a fee within a range of eight to ten percent (8%-10%) of the FOB Cost.

  • Licensor shall pay Licensor a fee within a range of eight to ten percent (8%-10%) of the FOB Cost.

  • From the Signing Date until December 31, 2008, Buyer shall pay to Seller twelve percent (12.0%) of Buyer's FOB Cost on the sale of: (a) each pair of Buyer's shoe model numbers 9023 and 9024 (the "Grail Shoes"), except as provided in Section 2.3 b.)(ii) below; (b) each pair of Grind Shoes; (c) each pair of Soap Shoes; (d) each pair of High-end Grind Shoes; and (e) each Railrunner Grinding Attachment.

  • Buyer will pay Seller twelve percent (12.0%) of Buyer's FOB Cost on its existing inventory and fill its existing orders as if such Intellectual Property was still subject to the terms of Section 2.3 hereof.

  • To the extent the Actual FOB Cost is less than the Modified FOB price, the Seller's Ex works price shall be increased by said amount; provided, however, that third party fuel surcharges included as a term of Buyer's transportation contracts are Buyer costs outside of the control of the Seller and shall not be included in the determination of any increase or decrease with respect to Modified FOB price.

  • Neither Buyer nor Buyer's agents have any Knowledge of any fact that may materially lower the Contingent Installment Payments due, including but not limited to any decrease in the FOB Cost of Buyer's shoes.

  • The FOB cost and development (USA) of the “IBS” Integrated Banking System and its Usage License is US$550,000.00 less the special discounts given to the CLIENT of US$170,000.00, make the Net FOB Cost (USA) for the development and Usage License US$380,000.00.

  • Notwithstanding the above, Buyer shall be free to negotiate the best possible terms with third parties, including, without limitation, its suppliers, which may result in a reduction of the current FOB Cost.

  • During the term of this Agreement, Licensee shall pay to Licensor twelve percent (12%) of Licensee's FOB Cost on the sale of: (i) each pair of Licensee's shoe model numbers 9023 and 9024 (the "Grail Shoes"), subject to Section 2.3(b) below, (ii) each pair of Grind Shoes; and (iii) each pair of Soap Shoes.