Net Sales Receipts definition

Net Sales Receipts means the money receivable for sales of the Products after deduction of any sales tax, packing and delivery costs and service provider costs charged by any person relating to ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
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Net Sales Receipts means, excluding only the amounts defined as "Gross Sublicensing Receipts" in Paragraph 1.4 below, all revenue received or accrued by Licensee during the term of the Agreement, arising out of or related to the use, transfer, lease, or sale of any Licensed Product at the actual amounts charged by Licensee or by any Affiliate. "NET SALES RECEIPTS" shall also include consideration received by Licensee for a Licensed Product that is made during the term of a Licensed Patent, but that is used, sold, or otherwise transferred after that term. "NET SALES RECEIPTS" shall not include the following amounts: (I) revenue attributable to Licensed Products that are actually returned to Licensee for refund; (II) transportation charges or allowances, if any, added to the price; (III) sales tariffs, duties, or taxes for Licensed Products that Licensee is required to collect and remit to a government as a matter of law; but in no circumstances shall any deduction or exclusion from Net Sales Receipts be taken for any franchise tax or income tax; and (IV) consideration received by Licensee under a bona fide research contract. No other deductions of any kind shall be made, whether for agents' commissions or otherwise. Where all or part of the consideration received by Licensee, an Affiliate of Licensee, or a sublicensee as otherwise set forth in this Paragraph 1.3 for the use or transfer of any Licensed Product is not cash, or where the final use of a Licensed Product is by a Special Party (as that term is defined below), then the "NET SALES RECEIPTS" for that Licensed Product for purposes of computing royalties or other amounts due under the Agreement shall be deemed to be the fair market value for such Licensed Product. In determining fair market value, appropriate weight shall be given to any arms-length transaction by Licensee, an Affiliate of Licensee, or a sublicensee involving the same or a similar Licensed Product. The time when "NET SALES RECEIPTS" for any Licensed Product are deemed received for purposes of computing royalties or other amounts due under the Agreement shall be (1) the date when a purchaser is billed by Licensee, (2) the date when the purchaser actually uses or receives that Licensed Product, (3) the date when Licensee bills for the use of that Licensed Product, or (4) the date when Licensee receives payment for that Licensed Product, whichever date is earliest; provided that Licensee must actually receive payment for that Licensed Product before Licens...
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Net Sales Receipts means the actual wholesale selling price of the Product invoiced by Publisher and/or Publisher’s authorized Co-Publisher less (to the extent actually paid, or actually issued, by Publisher or its Co-Publisher, as applicable, in respect of the Product): any credits for returns of Units, price protection or markdowns, credits in lieu {00017805.DOC/ / 08/11/2005 01:55 PM} of returns, any value added tax and any other sales taxes included in such invoice price and actual cost of goods sold (manufacturing costs).
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Examples of Net Sales Receipts in a sentence

  • Net Sales Receipts shall be defined herein as that amount of money received from the sale, distribution, transfer or disposal of the Licensed Products, less transportation charges, trade discounts, returns, and any applicable taxes.

  • Royalty payment (made payable to University of West Georgia) as specified in Paragraph 4.02, together with a written report thereof shall be made to: Trademark Licensing Office University Community Center University of West Georgia 1601 Maple Street Carrollton, GA 30118 showing the Net Sales Receipts as defined in Paragraph 3.01, the quantity sold for each of the Licensed Products, and the total royalty due.

  • Following these Relevant Events the GLA will make certain allowances, in particular for: • Costs, fees and expenses incurred by the RP in direct relation to the Relevant Event; • The deferral or reduction of grant recovered where Net Sales Receipts are less than the amount of grant that is, in theory, recoverable; and • Deemed Loan Debt.

  • RoyaltiesIn consideration of the rights granted by LICENSOR to LICENSEE under Paragraph 2, LICENSEE agrees to pay LICENSOR an annual contract initiation royalty of $50.00 and a royalty of eight percent (8%) of the Net Sales Receipts of any and all Licensed Products sold, distributed, transferred, or otherwise disposed of by LICENSEE.

  • In the event that no such separate sales are made by GenVec, Net Sales Receipts for royalty determination shall be as reasonably allocated by GenVec between such Licensed Product and such other product, based upon their relative importance and proprietary protection.

  • The amount of any such damages recovered by GenVec shall, after first deducting GenVec's out-of-pocket expenses (including attorneys and expert fees) in bringing and prosecuting the action which resulted in such damages, be added into Net Sales Receipts for the fiscal quarter in which such damages were received by GenVec.

  • Following these Relevant Events the GLA will make certain allowances, in particular for: • Costs, fees and expenses incurred by the RP in direct relation to the Relevant Event; • The deferral or reduction of grant recovered where Net Sales Receipts are less than the amount of grant that is, in theory, recoverable; and • Deemed loan debt.

  • Audible will pay Royalties to you only on Audible Net Sales Receipts (as defined below) it receives from sales of the Audiobook.

  • Net Sales Receipts shall be defined herein as that amount of money received from the sale, distribution, transfer, or disposal of the Licensed Products, less transportation charges, trade discounts, returns, and any applicable taxes.

  • In making the calculations defined in the previous sentence, there shall be no carry-forward or carry-backward of Net Sales Receipts or Gross Sublicensing Receipts between calendar years.


More Definitions of Net Sales Receipts

Net Sales Receipts means gross amounts received by SOE from the sale, distribution or ancillary exploitation attributable to the Product (but excluding Net Sublicensing Receipts), less SOE’s Costs.
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Net Sales Receipts means gross sales less: (i) customary trade cash quantity discounts not to exceed 10% of gross sales, (ii) returns and allowances (including price protection credits), (iii) reasonable deductions for costs incurred in the manufacture of the product, (iv) royalties payable to 3rd party licensors including console manufacturer charge and fees, (v) reasonable marketing costs not to exceed 15.0% of gross sales and (vi) any value added taxes included in gross sales. Net Sales in foreign currencies will be deemed converted into United States Dollars at the rate reported in the Wall Street Journal for the last United States business day of the quarter, or on such other reasonable and fair exchange rate Publisher and Developer may mutually agree.
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Net Sales Receipts means all revenues excluding GST and excluding fees paid to the Franchisee by the Franchisor for the Franchisee’s provision of services to the Agent. For clarity, Net Sales Receipts (NSR) shall include any and all fees, charges, bonuses, overhead allocations, or other sources of income, whether direct or indirect, whether contingent or otherwise, received in consideration of the provision of taxation, accounting, bookkeeping, financial and estate business and personal planning and/or consulting services from any source whatsoever during the Term, the Renewal Term, if any, and any Renewals thereof; “Payment Date” means the date on which any amount which is required to be paid by Franchisee to Franchisor under this Agreement, becomes payable;
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Net Sales Receipts means gross revenue from the sale of Licensed Products less sales tax, VAT (or its equivalent) and other taxes in the nature of sales taxes and freight costs, if any.
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Related to Net Sales Receipts

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Net Sales means [***].

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Sublicense Revenues means [***].

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Net Revenues means the difference between:

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Sublicense Revenue means [***].

  • Gross Profits means the gross profits calculated under section 4;

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • System Revenues means all rates, rents, fees, charges,

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Net Sales Value means, with respect to any Licensed Product, the gross sales price of such Licensed Product invoiced by Licensee, its Affiliate and/or its Sub-Licensee to customers who are not Affiliates (or are Affiliates but are the end users of such Licensed Product) less, to the extent actually paid or accrued by Licensee, its Affiliate and/or its Sub­ Licensee (as applicable), (a) credits, allowances, discounts and rebates to, and chargebacks from the account of, such customers for nonconforming, damaged, out-dated and returned Licensed Product; (b) freight and insurance costs; (c) cash, quantity and trade discounts, rebates and other price reductions for such Licensed Product given to such customers under price reduction programs; (d) sales, use, value-added and other direct taxes incurred on the sale of such Licensed Product to such customers; (e) customs duties, tariffs, surcharges and other governmental charges incurred in exporting or importing such Licensed Product to such customers; (f) sales commissions incurred on the sale of such Licensed Product to such customers; and (g) an allowance for uncollectible or bad debts determined in accordance with generally accepted accounting principles. For avoidance of doubt, any consideration or royalties received from Sub-Licensee(s) are excluded. If a Licensed Product consists of components that are covered by valid claim of a Prospective Patent within the Invention (a “Covered Component”) and components that are not covered by a Valid Claim (“Other Components”), then Net Sales for such Licensed Products shall be multiplied by the fraction A/(A+B), where A is the value of the Covered Component(s) as reasonably determined by Licensee, and B is the value of the Other Component(s) as reasonably determined by Licensee, and such resulting amount shall be the “Net Sales Value” for purposes of the Royalties and Sub-License Royalties calculations in Clauses 5.1.2 and 5.3.1, respectively, for such Licensed Product.

  • Combination Products means any product containing both a pharmaceutically active agent or ingredient which constitutes a Licensed Product and one or more other pharmaceutically active agents or ingredients which do not constitute Licensed Products.

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Net Receipts means, with respect to any Product, the aggregate of the Net Sales thereof and Net Licensing Revenues therefrom.

  • Advertising Revenues means revenues derived from sales of advertising that are made available to Grantee’s Cable System subscribers within the Town and shall be allocated on a pro rata basis using total Cable Service subscribers reached by the advertising. Additionally, Grantee agrees that Gross Revenues subject to franchise fees shall include all commissions, rep fees, Affiliated Entity fees, or rebates paid to National Cable Communications (“NCC”) and Comcast Spotlight (“Spotlight”) or their successors associated with sales of advertising on the Cable System within the Town allocated according to this paragraph using total Cable Service subscribers reached by the advertising.

  • Licensed Services means all functions performed by the Licensed System.

  • Gross Revenue means: