NOPBT definition
NOPBT means Net Operating Profit Before Tax and shall mean the total amount of operating revenues of Buyer or TPID US (as the case maybe) less the operating expenses including costs of goods or technology supplied and share costs of distribution and selling and administrative expenses and headquarters expenses of Buyer or TPID US (as the case maybe) and prior to applying taxes, as adjusted for interest expense on the present value of operating leases but excluding interest expense or income on debt and cash. To the extent possible, the term “NOPBT” shall be interpreted in accordance with U.S. GAAP principles. Revenue received from foreign sources shall be at its value in U.S. dollars when received.
NOPBT means Net Operating Profit Before Tax and shall mean the total amount of operating revenues of LICENSEE less the operating expenses including costs of goods or technology supplied and share costs of distribution and selling and administrative expenses and headquarters expenses of LICENSEE and prior to applying taxes, as adjusted for interest expense on the present value of operating leases but excluding interest expense or income on debt and cash. To the extent possible, the term “NOPBT” shall be interpreted in accordance with U.S. GAAP principles. Revenue received from foreign sources shall be at its value in U.S. dollars when received.
Examples of NOPBT in a sentence
TPID US shall pay Buyer a royalty in the amount of five percent (5%) of the NOPBT of TPID US generated from business associated with the Subject Technology in the Approved Territory for the first 30 months from the month of first revenue receipts and thereafter five percent (5%) of Gross Receipts of TPID US for the duration of the unexpired term of any and all of the license or joint venture or other agreement or contract entered into with TPID US in the Approved Territory (the “License Royalty”).