Gross Profits definition

Gross Profits means the gross profits calculated under section 4;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Gross Profits means the aggregate amount received by the Sponsor from and after July 1, 2011 from sales of oil and natural gas produced from the Underlying Properties that are not attributable to a production month that occurs prior to June 1, 2011 (after deducting the appropriate share of all royalties and any overriding royalties, production payments and other similar charges (in each case, in existence as of June 1, 2011) and other than certain excluded proceeds, as described in the Conveyance), including all proceeds and consideration received (i) directly or indirectly, for advance payments, (ii) directly or indirectly, under take-or-pay and similar provisions of production sales contracts (when credited against the price for delivery of production) and (iii) under balancing arrangements. Gross profits do not include consideration for the transfer or sale of any Underlying Property by the Sponsor or any subsequent owner to any new owner, unless the Net Profits Interest is released (as is permitted under certain circumstances). Gross profits also do not include any amount for oil or natural gas lost in production or marketing or used by the owner of the Underlying Properties in drilling, production and plant operations.

Gross Profits means the chargeable income of the insurer as ascertained under Part II of the Income Tax Act;

Examples of Gross Profits in a sentence

• Each payment made under this Section 6.3 shall be accompanied by a written report stating the number and description of all ANDA Products sold in the Territory during the relevant calendar quarter; a detailed breakdown of the Cost of Sales associated therewith; the gross sales associated therewith; the calculation of Net Sales thereon, including without limitation the amount of any deduction provided for in the definition of Net Sales; and the calculation of Gross Profits therefrom.

• Subject to the foregoing, Purchaser does not make any guaranty or warranty as to any minimum level of Gross Profits or Net Sales.

• SDOI and ESSI shall split NET PROFITS (NET PROFITS is defined as Gross Profits less Cost of Acquisition on any media spend by either party) that are generated from any and all opportunities developed from the BUSINESS.

• Except as set forth in the preceding sentence, AquaBounty shall not be permitted to carry forward any negative Gross Profits to subsequent quarters.

• THE COMPANY may request from CONICET and UNL the execution of additional activities that promote the development of the New Technology and the corresponding Milestones, and in those cases it must measure and agree on an additional participation in the Gross Profits or another compensation beforehand with CONICET and /or UNL, according to the scope and importance of the contributions made, in accordance with the SECOND provision.

More Definitions of Gross Profits

Gross Profits means […***…].

Gross Profits means, with respect to a Product, Net Sales of such Product less the fully-burdened cost of goods sold determined in accordance with generally accepted accounting principles, including any applicable Third Party royalty payments or similar payments and the applicable Transfer Price.

Gross Profits means the aggregate amount received by the Sponsor from and after July 1, 2011 from sales of oil and natural gas produced from the Underlying Properties that are not attributable to a production month that occurs prior to June 1, 2011 (after deducting the appropriate share of all royalties and any overriding royalties, production payments and other similar charges (in each case, in existence as of June 1, 2011) and other than certain excluded proceeds, as described in the Conveyance), including all proceeds and consideration received (i) directly or indirectly, for advance payments,

Gross Profits means the gross sales of the Apparatus or Products realized by the Licensee, less costs of goods sold of the Apparatus or Products and shipping, marketing and related costs attributable to sales of the Apparatus, each as determined in accordance with generally accepted accounting principals (for greater certainty, no sales made by sub-licensees shall be included in the calculation of Gross Profits);

Gross Profits means the total sales price paid, minus the Initial Acquisition Cost, commissions, merchant fees, deed processing costs and returns. "Returns" refer to sales, which sales are refunded in full within the designated refund period.

Gross Profits with respect to any Licensed Product shall mean Net Sales minus Costs of Goods Sold.

Gross Profits means Distributor's revenues from the sale of the Products during the Determination Period less the net invoice price paid by Distributor to Supplier. “Net invoice” means Supplier's total invoice price for all Products sold to Distributor less any allowances or ▇▇▇▇ backs paid or owed to Distributor (e.g. discounts, off invoice allowances, rebates and price reductions, and Supplier promotional activities in which Distributor has agreed to participate). The parties recognize and agree that it would be extremely difficult to ascertain the actual economic effects, if any, that a termination by Supplier under this Paragraph 9D could have on Distributor, as such effects would encompass Distributor's loss of future profits and the fair market value of Distributor's business of the Distribution of the Products. Supplier acknowledges and agrees that the amount of the Termination Fee is fair and represents a good faith estimate of possible damages to Distributor for Supplier's termination of this Agreement without cause, and the payment of the Termination Fee is not intended as a forfeiture or penalty within the meaning of California Civil Code sections 3275 or 3369 but is intended to constitute liquidated damages to Distributor to approximately compensate Distributor for the early termination of this Agreement. Supplier INITIALS _______ Distributor INITIALS _______ In the event that Supplier assigns this Agreement or any of Supplier's rights or obligations hereunder to any third party, Supplier shall remain liable for the payment of any Termination Fee pursuant this Paragraph 9D in the event such third party fails to pay such Termination Fees upon a subsequent termination hereof pursuant to this Paragraph 9D.