SDI Net Sales

SDI Net Sales. Sums actually received by Sierra after the date of this Note from sales or licensing by Sierra of Current SDI Products (as defined below), excluding trade or quantity discounts actually allowed, sales commissions actually paid or allowed, sales, use, excise or other taxes paid or accrued, transportation, packing and shipping charges actually paid by Sierra, and amounts actually repaid or credited by reason of rejections, returns, refunds or warranties; provided... that SDI Net Sales shall not include licensing revenues from RNA/DNA Protect shop right licenses for which Select is entitled to receive a 50% share pursuant to Article 1 of that certain agreement between Select and Sierra entitled Royalty Agreement dated as of October 1, 2000. -4- View More