Operating Profits or Losses definition

Operating Profits or Losses means, with respect to any Fiscal Year, the Profits or Losses of the Partnership for such Fiscal Year other than Profits or Losses from a Capital Transaction.

Operating Profits or Losses shall have the meaning set forth in Exhibit A of the Collaboration Agreement.

Operating Profits or Losses means Gross Profit for Shared Products and Companion Diagnostics for U.S. Administration less the Allowable Expenses for such Shared Products and Companion Diagnostics. The Parties agree that Operating Profits or Losses will not include costs or expenses of a Party or its Affiliates or Licensee Partners that are: (i) [***], or (ii) [***].

Examples of Operating Profits or Losses in a sentence

• The Parties' rights to, and responsibilities for, the Development and Commercialization, including Operating Profits or Losses, of Products for any Additional Indication and Alternate Delivery will be the same as their respective rights to, and responsibilities for, Compound for Indication by geography.

• The Parties shall share Operating Profits or Losses hereunder in the Co-Promotion Territory until the earlier of the date the Parties mutually agree to terminate the collaboration in the Co-Promotion Territory, or as provided in Section 15.2.

• Operating Profits or Losses shall be calculated and reported in accordance with ATTACHMENT 4.5 hereto.

• All other undefined terms contained in this Security Agreement, unless the context indicates otherwise, have the meanings provided for by Article 9 of the Uniform Commercial Code of Florida (Chapters 671-680, inclusive, Florida Statutes) to the extent the same are used or defined therein.

• In the event that a Party takes advantage of a tax consideration which benefits it and not the other Party, no compensation to the other Party is required unless it affects the other Party's Operating Profits or Losses negatively, in which case compensation shall be provided to the other Party to make it whole.

More Definitions of Operating Profits or Losses

Operating Profits or Losses has the meaning provided in Section 4.5.

Operating Profits or Losses means, for all Products in the Profit-Share Territory, the profits or losses calculated in accordance with Schedule 10.2.1 (Profit and Loss Share).

Operating Profits or Losses means, on a Licensed Product-by-Licensed Product basis, Net Sales of Licensed Products in the United States less the following items with respect to each Licensed Product, all for a given period: Cost of Sales, Marketing Costs, Sales Costs, Development Costs, General and Administrative Costs, Distribution Costs, and Other Operating Income/Expense.

Operating Profits or Losses means the profits or losses resulting --------------------------- from the Commercialization of Collaboration Products in the Co-Promotion Territory and shall be equal to *****. A separate determination of Net Sales and Operating Profits or Losses shall be made for each Collaboration Product as outlined in Exhibit B. In the event multiple Collaboration Products are being marketed under this Agreement, the individual statements of Operating Profits or Losses shall then be combined into a single statement of Operating Profits or Losses for purposes of overall accounting between the Parties.

Operating Profits or Losses means [***].

Operating Profits or Losses means, for all Products in the Territory, the profits or losses calculated in accordance with Schedule 9.3 (Profit and Loss Share).

Operating Profits or Losses means the profits ("Operating Profits") --------------------------- ----------------- or losses ("Operating Losses") resulting from the Commercialization of Co- ---------------- Promotion Products in the Co-Promotion Territory and shall be equal to (i) Net Sales plus (ii) Net Sublicense Revenues less (iii)