Minimum Net Sales definition

Minimum Net Sales means the minimum amount of Net Sales of Products that LICENSEE is required to achieve, and as set forth in Exhibit J attached hereto.

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Minimum Net Sales means the Minimum Net Sales specified on Exhibit D which Licensee is required to maintain in each country there listed.

Minimum Net Sales shall have that meaning set forth in Paragraph 3.7 below.

Examples of Minimum Net Sales in a sentence

Except as set forth in Section 8.1, this Agreement may be terminated by Principal upon 120 days prior written notice to Agent after the occurrence of any of the following events: (i) a material change in the management, ownership or control or Agent; or (ii) the aggregate Net Invoice Price or the Products sold by Agent in the Territory in the relevant Contract Period is less than the Minimum Net Sales Target.
Any Minimum Net Sales Requirements set forth in Schedule D and promotional commitments in Section 3.1 shall be held in abeyance during such time as said Recall materially interferes with the Wholesalers’ ability to fulfill its customers’ orders, provided that such interruption shall not be deemed to occur so long as Distributor holds one week or more of saleable inventory.
If the parties reach agreement to adjust the Minimum Net Sales, such adjustment shall be effective as of the first day of the Year in which USL gave notice to renegotiate under this Section.
Further, in the event a third party obtains regulatory approval in the Territory for any other product that is AB rated or AT rated to the Product, the obligation for Minimum Net Sales shall thereafter be null and void, and the Minimum Net Sales for that Year in which such event occurs shall be prorated.
Distributor shall also be subject to the Minimum Net Sales Requirements set forth in Schedule D.

More Definitions of Minimum Net Sales

Minimum Net Sales means, with respect to each fiscal quarter end where the covenant in Section 10.02 is tested, the amount set forth opposite such date on Schedule 10 under the caption “Minimum Net Sales”.

Minimum Net Sales means the minimum amount of Net Sales of Licensed Products for the related Annual Period specified in Section 4(e) hereof.

Minimum Net Sales for any Contract Year shall have the meaning as defined in “Exhibit E”.

Minimum Net Sales shall have the meaning ascribed to that term in Section 5.3 hereof.

Minimum Net Sales means the Initial Term Minimum Net Sales and the Renewal Term Minimum Net Sales, collectively.

Minimum Net Sales means for each Annual Period the minimum Net Sales set forth in the Business Plans Approved by Company. Net Sales. “Net Sales” shall mean the invoiced amount of Licensed Products shipped or sold by Vendor or any of its Affiliates to non-Affiliate Approved Distributors and Approved Retailers anywhere in the New Territory, less only the following deductions: (i) Returns as specifically permitted hereunder and in Approved Business Plans; (ii) Trade Discounts; (iii) customs, duties or taxes (other than with respect to income) to the extent separately stated on the invoice; and (iv) freight not to exceed actual cost thereof to the extent separately stated on the invoice. Net Sales shall not include testers, samples or miniatures of Licensed Products or other promotional material and non-retail items sold to Approved Distributors or Approved Retailers. New Territory. The term “New Territory” shall mean the world excluding the Territory as defined in the Master Agreement. For purposes of this License Agreement, United States Military Bases and Duty-Free Channels of Distribution shall be included within the New Territory. Recommended Retail Price.“Recommended Retail Price” shall mean (1) the recommended retail price, if any, of each Licensed Product applicable in each jurisdiction in the New Territory, or (2) where, in any particular jurisdiction, recommended retail prices are not permissible under local law, the wholesale price for that jurisdiction together with the ▇▇▇▇-up customarily used in the relevant jurisdiction to arrive at the retail price. Returns. “Returns” shall mean Licensed Products actually returned to Vendor by customers, multiplied by the unit price actually credited to the customer. The total Returns shall not exceed [-----------]1 of Net Sales per Annual Period. Sales Royalty. “Sales Royalty” shall have the meaning set forth in Section 6.1 of this License Agreement. Term.“Term” shall mean the Initial Term plus any extended term pursuant to Section 9.2 of this License Agreement. Trade Discounts. “Trade Discounts” shall mean discounts from the wholesale prices of the Licensed Products that are customary in the trade and that are actually given by Vendor or its Affiliate. United States Military Bases. “United States Military Bases” shall mean restricted-access retail locations located on or adjacent to United States military bases, wherever located, including those owned or operated by the Army and Air Force Exchange Service (AAFES), the Navy Exc...

Minimum Net Sales shall have the meaning ascribed to that term in Section 5.3 hereof. 1.20 "MINIMUM ROYALTY" shall have the meaning ascribed to that term in Section 5.2 hereof.