Sales Threshold definition

Sales Threshold is defined in Section 4.1.2 hereof.

Sales Threshold is defined in Section 5.3.3.

Sales Threshold shall have the meaning set forth in Section 1.5 hereof.

Examples of Sales Threshold in a sentence

• Each Sales Milestone Payment is payable a maximum of one time only, regardless of the number of times a Licensed Product achieves a particular Sales Threshold or the number of Licensed Products that achieve a particular Sales Threshold.

• If for any reason Tenant is not open for business 365 days during such third (3rd) full Lease Year, then the Sales Threshold shall be prorated for the number of days Tenant is actually open for business during such time.

• In Panel 6, the initial closure was two barriers – the substantial barrier and bulkhead barrier – that include using chain link, brattice cloth, run-of-mine salt, and steel bulkhead.

• For the avoidance of doubt, the date that any sale shall be deemed to have been effected for purposes of determining whether the Monthly Sales Threshold has been achieved in any calendar month and the corresponding, applicable discount to be applied pursuant to the immediately preceding sentence (i.e. 2% or 3%) shall be conclusively determined by the trade date set forth on the relevant confirmation sales ticket, and such determination shall be final and binding upon the parties.

• Each of the sales based event payments shall be paid no more than once during the Agreement Term, at first occurrence of the event for the Product in the Territory first reaching the respective Net Sales Threshold, irrespective of whether or not the previous sales based event payment was triggered by the same or by a different Product, and shall be non-refundable, and shall be paid within [***] after the end of the Calendar Year in which the event first occurs.

More Definitions of Sales Threshold

Sales Threshold shall have the meaning set forth in Section 3(d)(ii).

Sales Threshold is defined in Section 5.1.2.

Sales Threshold means the decrease, in any calendar year which commences on or after the Trigger Date, in the aggregate Net Sales of all three products by an amount greater than [*] when compared to the Net Sales for the immediately previous calendar year. Exercise of the Conversion Right by Focal shall be made in writing upon no less than thirty (30) days prior notice to Ethicon. Upon exercise of the Conversion Right, (A) with respect to Products that are not supplied by Focal pursuant to Section 7, any royalty that Ethicon is obligated to pay Focal pursuant to Section 6(d) on the sale in the Territory of Products other than [*]) shall be reduced by [*] and (B) with respect to Products that are supplied by Focal pursuant to Section 7, the Purchase Price that Ethicon is obligated to pay Focal pursuant to Section 7(c)(ii) for Products (other than [*]) shall be reduced by an amount equal to [*], if any, that Ethicon would be obligated to pay Focal per unit of such Product pursuant to Section 6(d) (exclusive of any reduction pursuant to this Section 3(d)(ii)), but for the fact that Focal is supplying such Product to Ethicon pursuant to Section 7.

Sales Threshold shall have the meaning set out in Section 7.3.1.

Sales Threshold has the meaning set forth in Section 2.5(b).

Sales Threshold means the revenue level that triggers collection and remittance obligations for Iowa sales tax and local option tax as described in Iowa Code section 423.14A(3): $100,000 or more in gross revenue from Iowa sales into Iowa in either the current or immediately prior calendar year.

Sales Threshold means (x) $60 million in any Fiscal Year up to and --------------- including 1998, (y) $125 million in the Fiscal Year 1999 and (z) $200 million in the Fiscal Year 2000 and thereafter.