Net turnover means the amounts derived from the sale of products and the provision of services after deducting sales rebates and value added tax and other taxes directly linked to turnover;
Net turnover means the amount received by the hotel after deduction of taxes and compliances in lieu of the business development activities undertaken by the Travel Agency for the Hotel.
Net turnover means the amount received by the hotel after deduction of taxes and compliances in lieu of the business development activities undertaken by the Travel Agency for the Hotel. RELATIONSHIP OF THE PARTIES- INDEPENDENT PARTNERS The Parties agree that the Parties shall be considered independent partners and not agents or employees of the other Party. Neither Party shall have authority to make any statements, representations or commitments of any kind, nor to take any action which shall be binding on the other Party, except as may be expressly provided for herein or authorized in writing. DUTIES AND OBLIGATIONS OF THE COMPANY use its best efforts to make available to the Travel Agency the lowest fares available for all arrangements requested by the Travel Agency employees and comply with the Travel Agency’s travel policies in effect from time to time; use its best efforts to ensure that third party providers of hotel services or vehicle services or other third party goods or services suppliers, selected or used by the Company in the provision of Services to the Travel Agency hereunder, are solvent and provide high quality services; and monitor compliance & report supplier compliance with the Travel Agency’s travel policies as communicated to the Company from time to time.
Examples of Net turnover in a sentence
Net turnover through geographical segments Since the economic activity of the Holding is mainly performed in Latvia and all significant assets are situated in Latvia, the management believe that it is not useful to prepare a statement through geographical segments as the amount of income from different geographical segments does not exceed 10 % of total income.
Large undertakings meeting two of the following size requirements, on a portfolio basis: • Balance sheet total at least EUR 20.000.000 • Net turnover at least EUR 40.000.000 • Own funds at least EUR 2.000.000.
Sales and results Fourth quarter Net turnover for the period amounted to MSEK 1,735, an increase of 9% compared with the third quarter.
Net turnover is measured exclusive of VAT and other indirect taxes and discounts granted.
Net turnover according to business area (DKK million) 2010/112009/10 Branded business 2,787 2,695 Non-branded business 9380 Intra-Group turnover (13)(13) Net turnover in total 2,8672,762 The turnover in the branded business totaled DKK 2, 787 million in the 2010/11 financial year against DKK 2,695 million last year.
More Definitions of Net turnover
Net turnover means the amounts derived from the sale of products and the provision of services after deducting sales rebates and value added tax and other taxes directly linked to turnover; however, for insurance undertakings referred to in point (a) of the first subparagraph of Article 1(3) of this Directive, “net turnover” shall be defined in accordance with Article 35 and point 2 of Article 66 of Council Directive 91/674/EEC*; for credit institutions referred to in point (b) of the first subparagraph of Article 1(3) of this Directive, “net turnover” shall be defined in accordance with point (c) of Article 43(2) of Council Directive 86/635/EEC**; and for undertakings falling under the scope of Article 40a(1) of this Directive, “net turnover” means the revenue as defined by or within the meaning of the financial reporting framework on the basis of which the financial statements of the undertaking are prepared;
Net turnover means the income from the supply of goods and services from the business of the legal entity after deduction of discounts and the like and of taxes levied on turnover. Revenue is income from the ordinary business activities of an undertaking.
Net turnover means the amount derived from the sale of products and the provision of services falling within an undertaking’s ordinary activities after deduction of sales rebates and any taxes directly linked to turnover;
Net turnover means the amounts derived from the sale of products and the
Net turnover means the amounts derived from the sale of products and the provision of services after deducting sales rebates and value added tax and other taxes directly linked to turnover; for credit institutions referred to in point (b) of Article 1(3) of this Directive ‘net turnover’ shall be defined according to point (c) of Article 43(2) of Directive 1986/635 of the Council; for insurance undertakings referred to in point (a) of Article 1(3) of this Directive,
Net turnover means
Net turnover means the amounts invoiced or, if not invoiced, the amounts actually received for the Products sold by Licensee. For the purpose of the calculation of the Net Turnover, sales in any currency other than Euros, shall be converted into Euros using the average of the average exchange rate of any quarter as reported by the “Banca d’Italia” License Agreement Page 6 di 47 (xxx.xxxxxxxxxxxx.xx). In computing the Net Turnover, a deduction for a maximum of * of the total invoiced amounts may be made for: - discounts granted on the basis of quantities and other discounts granted in relation to the sale of Products, - discounts granted in relation to the terms of payment, - reductions or end-of-season/year sales, - discounts for promotion and/or advertising expenses and/or any other form of support to the distribution and/or sale network, In addition to the foregoing deductions, a deduction may also be made for returns in computing Net Turnover which may not exceed * of the total invoiced amounts. No other deduction shall be made in computing the Net Turnover, save what is expressly provided for in the Agreement. The giving away of Products by Licensee (save for the Products supplied to Ferrari), shall be computed at the normal selling price to the trade applicable at the date the Products are given away in the country of the Territory where the Products are given away, and added in when computing the Net Turnover; provided, however, that notwithstanding the foregoing, Licensee may give away up to * units per year of Products and such Products will not be counted in the Net Turnover. For Products sold through points of sale owned or managed by Licensee or its Affiliates, the relevant price for purposes of determining Net Turnover shall be the actual retail selling price net of VAT and other applicable sales taxes. In such case Licensee shall pay the percentage of Royalties indicated in Schedule A. Should Licensee invoice to its Subsidiaries or Affiliates, the Net Turnover shall not be computed based on the amount of such invoices but on the amounts invoiced by such Subsidiaries and Affiliates to the first unrelated entity.