Net Units definition

Net Units means units of the Product actually sold, less returns in accordance with Section 1.17. The Annual Net Sales thresholds set forth in subsections (a) through (e) of this Section 4.1 shall be proportionately reduced: (i) in the Calendar Year in which the First Commercial Sale occurs, by multiplying such Annual Net Sales thresholds by a fraction, (A) the numerator of which shall be the number of days remaining in such Calendar Year as of the First Commercial Sale and (B) the denominator of which shall be 365; and (ii) in the Calendar Year in which the Term expires, by multiplying such Annual Net Sales thresholds by a fraction, (X) the numerator of which shall be the number of days in such Calendar Year prior to the expiration of the Term and (Y) the denominator of which shall be 365.
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Net Units means, with regard to any Direct Product in any calendar quarter, (i) the number of units of that Direct Product invoiced by GMS Entities, less (ii) the number of units of that Direct Product returned to GMS Entities, in each case, during that calendar quarter.
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Net Units means, with respect to each Product, the total number of Units of Product which are sold by Abbott in the Territory to Third Parties during a given Sales Year or *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission. Residual Year less any returned, recalled, or any other such Product for which the customer has been credited the original sales price.
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Examples of Net Units in a sentence

  • Net Units are Units in respect of which income allocated to them is distributed periodically to the relevant Unitholders (in the case of income Units) or credited periodically to capital (in the case of accumulation Units), in either case in accordance with relevant tax law, net of any tax deducted or accounted for by the Trust.

  • Net Units are units in respect of which income allocated to them is distributed periodically to the relevant Unitholders (in the case of Income Units) or credited periodically to capital (in the case of Accumulation Units), in either case in accordance with relevant tax law, net of any tax deducted or accounted for by a Fund.

  • Net Units are units in respect of which income allocated to them is distributed periodically to the relevant Unitholders (in the case of income Units) or credited periodically to capital (in the case of accumulation Units), in either case in accordance with relevant tax law net of any tax deducted or accounted for by the Fund.

  • Net Units are Units in respect of which income allocated to them is distributed periodically to the relevant Unitholders (in the case ofincome Units) or credited periodically to capital (in the case of accumulation Units), in either case in accordance with relevant tax law, net of any tax deducted or accounted for by the Trust.

  • Net Units are Units in respect of which income allocated to them is distributed periodically to the relevant Unitholders (in the case of income Units) or credited periodically to capital (in the case of accumulation Units), in either case in accordance with relevant tax law, net of any tax deducted or accounted for by the Trustee.

  • Despite such problems, the Company was able to generate 27.81 Million (Net) Units of power.

  • Publisher shall provide to Author a bi-annual accounting statement of Net Units sold and Net Revenues from sale of Publisher’s editions and other exploitation of rights to the Work, and other credits and debits relating to the Work and the rights granted in this Agreement, and pay Author any amount(s) then owing, for each six-month accounting period, not later than thirty (30) days following the close of each such period.

  • Despite such problems, the Company was able to generate 24.47 Million (Net) Units of power.

  • Table 28: Potential Net Units from Increasing Residential Density Source: Lakewood Community Development Department Records and Field Investigation.

  • Despite such problems, the Company was able to generate 22.41 Million (Net) Units of power.


More Definitions of Net Units

Net Units means the result obtained by dividing:
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Net Units means the number of units of the LICENSED PRODUCT sold and delivered to an END USER thereof (FOB LICENSED PRODUCT manufacturer's loading dock) net of returns of unusable units.
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Net Units as used herein, means the number of Units sold of all Licensed DEKALB Corn Products and Licensed MONSANTO Corn Products in arm's length sales to third parties after deduction of credits or allowances given or made for rejection or return of previously sold Licensed DEKALB Corn Products and Licensed MONSANTO Corn Products. Where the product is covered under the present Agreement and under licenses that evolve from the Collaboration Agreement and License, the CaMV Promoter License Agreement or the Corn Borer-Protected Corn License Agreement, all three of even date herewith, "Net Units" must be calculated separately for each Agreement. The use by DEKALB or Affiliates, International Associates or sublicensees of DEKALB or MONSANTO of commercially reasonable amounts of Licensed DEKALB Corn Products or Licensed MONSANTO Corn Products for promotional sampling or replant shall not be included in Net Units.
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Net Units as used herein, means the number of Units sold of all Licensed DEKALB Corn Products and Licensed MONSANTO Corn Products in arm's length sales to third parties after deduction of credits or allowances given or made for rejection or return of previously sold Licensed DEKALB Corn Products and Licensed MONSANTO Corn
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Net Units means the number of units of the LICENSED PRODUCT sold and shipped by BD to a purchaser.
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Net Units as used herein, means the number of Units sold of all Licensed DEKALB Corn Products in arm's length sales to third parties after deduction of credits or allowances given or made for rejection or return of previously sold Licensed DEKALB Corn Products. Where the product is covered under the present Agreement and under licenses that evolve from the Collaboration Agreement and License, or from the Glyphosate-Protected Corn License Agreement or the Corn Borer-Protected Corn License Agreement, all three of even date herewith, "Net Units" must be calculated separately for each Agreement. The use by DEKALB or its Affiliates, International Associates or sublicensees of commercially reasonable amounts of Licensed DEKALB Corn Products for promotional sampling or replant shall not be included in Net Units.
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Related to Net Units

  • Common Units is defined in the Partnership Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Membership Units has the meaning set forth in the Recitals.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Company Units has the meaning set forth in the Recitals.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Trust Units means units of the Trust;

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Class A LP Units means the Class A limited partnership units of the Partnership.