Product Formulations definition
Product Formulations means each of the following nine classes of Covered Products: (1) Pink Lotion Soap; (2) White Coconut Skin Cleanser; (3) Blue Mild Lotion Soap; (4) Yellow Enriched Lotion Soap; (5) Yellow Shampoo and Body Wash; (6) Rose Spa Bath Body and Hair Shampoo; (7) Green Body and Hair Shampoo; (8) Clear Honey Almond Foam Soap and
Product Formulations means the pharmaceutical formulations of AZLAD Products as defined in the AZLAD Products Agreement.
Product Formulations means the pharmaceutical formulations of AZLAD Products listed in Schedule 8.
More Definitions of Product Formulations
Product Formulations means the formulations and methods for the manufacture of the products, certain of which are more fully described in Annexure~C; 1.2.16. "profits" means :- a) in respect of clause 2 below, the net profits of the business during the specified period after deduction of all costs and expenses and after deducting therefrom tax at an imputed rate equal to the standard rate of taxation applicable to companies as at 31 December 1997 as prescribed pursuant to the provisions of the Income Tax Act (58 of 1962, as amended), provided that - * depreciation over the specified period shall be effected at an agreed value of R20 500,00 (twenty thousand five hundred rand) per month; and * no expenses attributable to the sale of the business of whatsoever nature (whether direct or indirect) shall be categorised as an expense of the business over the specified period and any such expenditure shall be ignored for the purposes of the profit calculation; b) in the context of clause 7, the net profits of the business during the adjustment period after deduction of all costs and expenses and after deducting therefrom tax at an imputed rate equal to the standard rate of taxation applicable to companies as at 31 December 1998 as prescribed pursuant to the Income Tax Act (58 of 1962, as amended) to be calculated subject to the provisions of clause 7.5.3 below. Attached hereto marked Annexure D are indicative income statements reflecting the factors to be taken into account in determining profits of the purposes of this agreement; 1.2.17. "purchaser" means ▇▇▇▇▇▇ PRODUCTS (PROPRIETARY) LIMITED; 1.2.18. "resolutive condition" means the resolutive condition contemplated in clause 2 below; 1.2.19. "seller" means A & J COSMETICS (PROPRIETARY) LIMITED; 1.2.20. "specified period" means the period commencing on the effective date and ending on 31 December 1997 (both days inclusive); 1.2.21. "stock" means finished stock, work-in-progress and raw materials on hand in respect of the business as at the effective date including stock-in-transit and including any slow moving, damaged or unsaleable stock; 1.2.22. "sundry assets" means packaging, stationery, brochures, stocks of sundry tools and like items, consumables and the like on hand in respect of the business as at the effective date; 1.2.23. "▇▇▇▇▇▇▇▇" means ▇▇▇▇▇ ▇▇▇▇▇▇▇▇; 1.2.24. "trade marks" means the trade marks and other intellectual property as registered or pending registration pertaining to the business and/or the products as more f...