Net Sales Revenue shall have the meaning as set out in Schedule "A"
Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;
Sublicense Revenue means [***].
Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.
Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”
Sublicense Revenues means [***].
Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:
Royalty Payments has the meaning set forth in Section 7.3.1.
Gross Profits means the gross profits calculated under section 4;
Net Sales means [***].
Gross Sales means the sum total of all retail sales of tangible personal property or services as
Net Revenues means the difference between:
Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.
Royalty Rate means the percentage defined in Exhibit B.
Royalty Payment has the meaning set forth in Section 6.1.
Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.
Gross Revenue means:
Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.
Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.
Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.
Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.
Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.
System Revenues means all rates, rents, fees, charges,
Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.
Sales Milestone Payment is defined in Section 5.3.
LTM Fee Revenue has the meaning set forth in Section 7.2.2(c).