Gross Profits

Gross Profits. Shall mean, with respect to any Order, New Order or HMW Order, the gross revenue realized on such order less Direct Costs in connection with such Order, New Order or HMW Order, as the case may be.

Gross Profits. Shall mean Net Sales less direct costs incurred by Sublicensee in manufacturing Products, including cost of raw materials, labor and manufacturing costs, but excluding any indirect costs, royalty payments to third parties, depreciation, or selling, general and administrative expenses, all as determined in accordance with generally accepted accounting principles, consistently applied.