Net Unit Sales definition

Net Unit Sales means Units sold to Distributor by Supplier. YEAR EXCLUSIVITY MILESTONES NET UNIT SALES (QUARTERLY/ANNUALLY) 1 XXXX1 3 XXXX1 5 XXXX1 1 Omitted and filed separately with the Securities and Exchange Commission under an application for confidential treatment. Year one shall begin on the first day of the month immediately following the first shipment of Products by Distributor to its initial customer(s) (“Day 1”) and such first shipment will occur on or before November 1, 2006. Each successive year shall be for the 12 month period immediately following the conclusion of the prior year.

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Net Unit Sales means the number of Units sold by Borrower pursuant to signed purchase contracts on a consolidated basis during a fiscal quarter, less any cancellations during such period of any purchase contract signed either in said period or in prior periods.

Net Unit Sales means the gross invoiced unit sales of the Product less LICENSEE’s unit returns of Products, discounts, allowances, freight and applicable taxes and other expenses mutually agreed to from time to time. Royalties shall accrue upon invoicing when the Licensed Products are first sold and delivered by LICENSEE, LICENSEE shall pay the Royalty due to LICENSOR no later than thirty (30) days after funds have been received from any given sale of said products with a written royalty report provided to LICENSOR detailing the customer, amount of product, sale price, sale total and royalty amount based on the Net Unit Sales figure. Royalty to be paid by LICENSEE to LICENSOR per Net Unit Sales in US ($) currency are as follows: The LICENSEE will manufacture or may subcontract the manufacture of the products and earn a twenty-five (25%) percent gross margin on its cost of goods based on GAAP and the costing model attached in Exhibit B. The LICENSEE will sell said products to a variety of distributors, retailers and end users at a wholesale or retail amount. The delta between the LICENSEEs cost including the 25% margin and Net Unit Sales is the royalty paid to the LICENSOR. For example, if the LICENSEE manufactures said product and adds its 25% gross margin and that cost is $1.00 and the LICENSEE then sells said product to a retailer, and the Net Unit Sales is $2.00, the difference is $1.00 and this is the royalty paid to the LICENSOR. It is understood that the royalty amount will fluctuate depending on what price the products are sold at in any given distribution channel and upon changes in the LICENSEE’S cost. LICENSEE’s costs will not be updated more frequently than quarterly. The way the LICENSEE costs the product must be provided to the LICENSOR in full transparency. At the LICENSORS election, the LICENSOR may use a third party to audit, at its expense, the LICENSEES costs and expenses in its determining of its costing and pricing inclusive of its 25% margin thereof as well as the calculation(s) of Net Unit Sales.

Examples of Net Unit Sales in a sentence

The right to audit shall extend for three (3) years from delivery of any Net Unit Sales report.
If Annual Net Unit Sales are equal to or less than 16,016, EMD shall pay no commission.
Section 3.1. 22 of the Boomerang Disclosure Letter sets forth as at April 30, 2004 and July 31, 2004 Boomerang’s (i) Net Unit Sales, (ii) Net Active Subscribers, (iii) active MINS billed by carrier, (iv) MINS parked and (v) MINS in inventory.
Licensee agrees that the books of account and records it maintains shall include information disclosing the unit volume and gross and Net Unit Sales price of each Licensed Product manufactured and/or sold.
Larscom shall keep full, clear and accurate books and records with respect to its Net Unit Sales and Net Sales subject to royalties hereunder.
Royalties are calculated on a country-by-country basis on Net Unit Sales of Licensed Products in each jurisdiction in the International Territory in a given calendar year during the Term.
During any period in the Term after the expiration of a Licensed Patent, the Royalty due on Net Unit Sales with respect to any Licensed Products incorporating such expired Licensed Patent under this Section 4.2 shall be [***] (as defined below).
In the event that fewer than ***** Net Unit Sales occur by *****, this First Fee shall be for the time period from the Effective Date until *****.
Within fifteen (15) days after the end of each of calendar quarter, Consortium shall provide Cool Tech with a written report detailing the Net Unit Sales of each product during the preceding calendar quarter and the amount derived from each sale.
Upon the sale ***** Net Unit Sales between the Effective Date and *****, such exclusive right shall automatically be renewed.

More Definitions of Net Unit Sales

Net Unit Sales means the aggregate number of Products that are sold by Larscom during the term of this Agreement minus returns. Net Unit Sales shall be exclusive of internal use, sale or use on approval, or temporary disposal as may be the custom in the industry.

Net Unit Sales means gross unit sales less returns, buy-backs and exchanges and “Net Active Subscribers” means the gross active subscribers less the subscribers whose contracts have expired but are within a 90-day renewal period.

Net Unit Sales has the meaning ascribed thereto in Section 3.1.22;

Net Unit Sales means, with respect to the Products, the gross number of Product units shipped by DISCUS or its Affiliates to non- affiliate Third Parties, after deduction of the following number of Product units: (a) Units returned for credit or (b) Units delivered as samples or promotional purposes. Such amounts shall be determined from the hooks and records of DISCUS and its Affiliates maintained in accordance with generally accepted accounting principles, consistently applied. Units of the Products delivered by a Party to an Affiliate for further distribution to a Third Party are not Units and shall be excluded from Net Unit Sales.

Net Unit Sales means the gross number of Units sold less [***].

Net Unit Sales means sales of units which are released by the Employer or its distributor for sale and are not returned, or are released by the Employer or its distributor for rental purposes.