Net Sales
Net Sales. Licensee's invoice price for the sale of all Licensed Products, less those taxes, duties, refunds, exchanges, promotional give-aways and shipping charges actually incurred by Licensee and separately stated on such invoice
Net Sales. The term Net Sales" shall mean the gross amount received by Conatus and its Affiliates and sublicensees for Commercial Sales of Licensed Products, less (i) 2 discounts actually allowed, (ii) commissions paid or allowed to independent third party distributors and agents, (iii) credits for claims, allowances, retroactive price reductions or returned goods, (iv) transportation and delivery charges, including insurance premiums, actually incurred, and (v) taxes (other than franchise or...
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Net Sales. The total amount invoiced in connection with sales of the Licensed Products for use in the treatment of Tourette's Syndrome to any person or entity that is not an Affiliate or a sublicensee of CPP under the License, after deduction of all the following to the extent applicable to such sales; i) all trade, case and quantity credits, discounts, refunds or rebates; ii) allowances or credits for returns; iii) sales taxes (including value-added tax); provided that such deductions do not in the...
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Net Sales. The gross sales price of the Product invoiced by Intrexon, its sublicensee or their respective Affiliates to customers who are not Affiliates (or who are Affiliates but are the end users of the Product) less, to the extent actually paid or accrued by Intrexon, its sublicensee or their respective Affiliates (as applicable): (a) credits, allowances, discounts and rebates to, and chargebacks from the account of, such customers for Product; (b) packaging, freight and insurance costs incurred by...
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INTREXON CORP contract
Net Sales. The sum, over the term of this Agreement, of all consideration received by LICENSEE and its Affiliates and Sublicensees and paid to LICENSEE based on the import, sale, distribution, practice or use of Products or Processes. The following are not consideration received: refunds, rebates, replacements or credits actually allowed and taken by purchasers for return of Products; customary trade, quantity and cash discounts actually allowed and taken; excise, foreign assessments and withholding,...
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OncoMed Pharmaceuticals Inc contract
Net Sales. Means the total monetary consideration actually received by Licensee for Licensed Products sold, less any sales person's commissions payable in good faith to non-related third parties, royalties and other similar fees payable in good faith to non-related third parties, trade discounts allowances for conversions and exchanges, returns, freight, insurance and taxes (other than income taxes). For purposes of this definition, Licensed Products will be considered "sold" when Licensee receives...
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MRI INTERVENTIONS, INC. contract
Net Sales. The gross amounts invoiced by PURCHASER and its affiliates and sublicensees on all sales of the Product to independent unrelated third parties in bona fide arms' length transactions (including, but not limited to, hospital sales, mail orders, retail sales, and sales to federal or state governments, wholesalers, medical institutions, etc. ), less (a) transportation and freight charges, including insurance and handling, to the extent that such charges are included in the gross amounts invoiced in...
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Jazz Pharmaceuticals plc contract
Net Sales. Shall mean the total amount invoiced by AMICUS or by any AMICUS Affiliate or sub-licensee of AMICUS in connection with sales to any purchaser of the Licensed Products that is not an Affiliate or a sub-licensee of AMICUS or an AMICUS Affiliate, after deduction of all the following to the extent applicable to such sales; i) trade, cash and quantity credits, discounts, refunds or rebates; ii) allowances or credits for returns; iii) sales commissions; iv) sales taxes (including value added tax),...
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AMICUS THERAPEUTICS, INC. contract
Net Sales. Means the gross amount invoiced by Procaps or its Affiliates for sales of the Product in the Territory to a Third Party, less: (a) financial discounts to recover receipts; (b) recalls and (c) returns; in each case actually taken and provided that any deductions for items (a), (b) and (c) above shall not exceed ten percent (10%) of the Sales Price. Net Sales shall be calculated in United States dollars pursuant to Section 11.4. A credit will be given on the subsequent order for any amounts owing...
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GALECTIN THERAPEUTICS INC contract
Net Sales. Shall mean the gross consideration actually collected by COMPANY and/or any Affiliate from transfer of any Licensed Product to a third party customer, less: 1. revenue credited or rebated on returns and allowances, and bad debts; 2. discounts, in amounts customary in the trade and to the extent actually granted, for quantity purchases, for prompt payments and for wholesalers and distributors; 3. transportation and delivery charges or allowances; 4. customs, duties; and 5. sales, use, excise,...
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NEWLINK GENETICS CORP contract