GROSS TO NET FACTOR

Example Definitions of "GROSS TO NET FACTOR"
GROSS TO NET FACTOR. Shall mean [**] unless adjusted by the Steering Committee due to legislative, governmental, administrative or other regulatory changes to formulas for mandated discounts to governmental customers. For the avoidance of doubt, an adjustment shall not be made in the case of changes in discount exposure (a) that are unrelated to new legislation or governmental, administrative or other regulatory actions or (b) that are discretionary. 1.28.
All Definitions