NET TRANSACTION REVENUES

NET TRANSACTION REVENUES. Means gross revenues received by VerticalNet from Transactions conducted by a purchaser: (i) that linked to a Storefront or E-Commerce Center from a jump page or Link on the MSN Service, bCentral or other Microsoft-owned Web Sites; or (ii) to the extent not duplicative of clause (i) of this Section, occurring in any Seeded Storefront, Additional Seeded Storefront, Renewed Seeded Storefront or Renewed Additional Seeded Storefront, and in either case net of: (a) returns or credits for rejected... goods; (b) trade, quantity and cash discounts actually allowed; (c) sales, use, value-added or other similar taxes or other governmental charges that: (1) are owed by purchasers solely as a result of their entering into Transactions and paying any associated fees, (2) are required or permitted to be collected from purchasers by VerticalNet under applicable law and are in fact so collected, and (3) are based solely upon the amounts payable with respect to such Transactions; (d) freight allowances, insurance and customs; (e) amounts written off to cover uncollectible accounts and bad debts; (f) sales commissions paid to distributors and sales agents; and (g) costs of tangible goods sold, if any. Transactions that originate from any Web Page in the MSN Service, bCentral or from any other Microsoft-owned Web Site and which subsequently pass through any of the Storefronts described in clause (ii) above, will be counted as a single Transaction for purpose of Net Transactions Revenue. View More