Definition of Pounds Sold

  1. Pounds Sold means the amount of XGnP, calculated in terms of standard U.S. avoirdupois pounds, sold or otherwise distributed in exchange for monetary or other remuneration by the Licensee or its subsidiaries. It is understood that one way in which the Licensee intends to distribute XGnP is as part of other products that will consist of a mixture of materials, only one of which might be XGnP. In such a case, the actual amount of XGnP included in the final product will be calculated on the basis of the product formula or other engineering data, and not the total weight of the final product. Pounds sold does not include sample materials supplied at no charge to prospective customers, research institutions, or other organizations for evaluation purposes;

Definition of Pounds Sold in Exclusive License Agreement

Pounds Sold means the amount of XGnP, calculated in terms of standard U.S. avoirdupois pounds, sold or otherwise distributed in exchange for monetary or other remuneration by the Licensee or its subsidiaries. It is understood that one way in which the Licensee intends to distribute XGnP is as part of other products that will consist of a mixture of materials, only one of which might be XGnP. In such a case, the actual amount of XGnP included in the final product will be calculated on the basis of the product formula or other engineering data, and not the total weight of the final product. Pounds sold does not include sample materials supplied at no charge to prospective customers, research institutions, or other organizations for evaluation purposes;