Product Revenue definition

Product Revenue means Net Commercial Revenue received by the Loan Recipient or by any joint venture or subsidiary created by Loan Recipient, and any upfront licensing fees, development milestone payments received from a product development partner, and royalties on commercial sales, which arise from or are related to development and/or commercial sale of the Product.

Product Revenue means gross product revenue of Borrower and its Subsidiaries determined in accordance with GAAP and on a consolidated basis.

Product Revenue means the gross product revenue from the diagnostics and pharma services segments of Borrower and its Subsidiaries determined in accordance with IFRS and on a consolidated basis.

Examples of Product Revenue in a sentence

• Total Product Revenue is the PBM’s net revenue which consists of sales of prescription drugs to clients, either through retail networks or PBM-owned or controlled mail order pharmacies.

• Example: if the combination product is sold for USD 20,000 and consists of the Licensed Product (which would be sold separately for USD 12,000 as a fair market value) and one other product (which would be sold separately for USD 18,000 as a fair market value), then the Licensed Product Revenue would be USD 2,000: i.e. 20,000 x (12,000 / (12,000 + 18,000)) x 25% = 2,000.

• By 2019, the Government of Indonesia wants to increase this figure to double to 8% of Gross Domestic Product Revenue, meaning the number of visitors needs to be doubled to approximately 20 million.

• Upon generation of $300 million of Product Revenue cumulatively, Loan Recipient shall pay to CIRM an amount equal to one hundred percent (100%) of the amount of the principal of the Company Backed Loan.

• Upon generation of $600 million of Product Revenue cumulatively, Loan Recipient shall pay to CIRM an amount equal to two hundred percent (200%) of the amount of the principal of the Company Backed Loan.

More Definitions of Product Revenue

Product Revenue means the aggregate license fees invoiced to a Registered Prospect who licenses Products less charges in respect of (i) outbound shipping, packaging, insurance and delivery, separately billed to the Registered Prospect or prepaid; (ii) taxes, duties, and similar governmental charges (not including PR's net income tax); (iii) rebates, discounts and refunds remitted to the Registered Prospect; and (iv) Product returns by the Registered Prospect. Product Revenue shall include both initial and subsequent licenses by PR to such Registered Prospect, at any time during the duration of the project that is the subject of the Prospect Registration Form. Product Revenue shall not include any revenue payable in respect of PR's maintenance, support, training, installation and other professional services. Xxxxxxxx Consulting may, however, xxxx up and resell PR's professional services on a case-by-case basis pursuant to a mutually agreed subcontract agreement among the parties.

Product Revenue means all revenue of the Obligors from any Product properly recognized under GAAP, consistently applied, including royalty revenue, but excluding non-recurring items and any milestone, licensing, extraordinary items, research and development service revenues, and other similar items calculated net of all rebates, discounts and other price allowances.

Product Revenue means, with respect to Borrower and its Subsidiaries, product revenue (determined under GAAP) whether direct or through royalty arrangements (i.e., net of any deductions, commissions, other fees or any other amounts withheld by or paid to any other party relating to such product) with respect to products (including, without limitation, products licensed from unaffiliated third parties) of Borrower and its Subsidiaries that are sold to non-Affiliate third parties (and excluding, for the avoidance of doubt, any payments resulting from collaborations or similar transactions between third parties and Borrower or its Subsidiaries).

Product Revenue is defined in Section 2.7(a).

Product Revenue means the gross amount of all cash, in-kind or other consideration receivable by OEM at any time in consideration of the licensing or other distribution of the Bundled Products, whether as a sale, license, use, transaction, or service fee based on or involving the Bundled Products, but excluding any amounts receivable by OEM for standard maintenance and support fees which are not intended to avoid any payment of License Fees under this License/Product Schedule, sales and use taxes, shipping, insurance and duties, and reduced by all discounts or refunds granted in the ordinary course of business, and excluding Service Revenue. For the purposes of determining Product Revenue, the amount of in-kind or other non-cash consideration receivable by OEM shall be deemed to have a dollar value equal to the standard price (as listed in OEM's published price schedule on the date of the grant of the license or the sale in question) for such Bundled Product, less all cash paid. PERCENTAGE OF SERVICE REVENUE LICENSE FEE:

Product Revenue means, with respect to each country, all amounts invoiced for sales of Product to customers.

Product Revenue means, with respect to the Borrower or any Obligor, all amounts paid to and received by such Person in the ordinary course of business that, in accordance with GAAP, would be classified as net revenue, excluding upfront payments, milestones, royalties and other similar one-time payments received by such Person that are not related to the sale of products or services; provided that Product Revenue shall exclude any of the foregoing amounts received by the Borrower or an Obligor from any other Borrower, Obligor or their respective Subsidiaries.