Net License Sales definition

mean all revenues received by Purchaser (or any of its Affiliates) from the Assumed Contracts (including the license portion of fees collected from Brighthouse Networks in 2009) and any new agreements (or amendments to existing agreements) with third parties (including existing customers and resellers) with respect to any Products, net of third-party costs as follows: (A) amounts expended, repaid or credited by reasons of defects or returns; (B) commissions paid to resellers; and (C) sales and other taxes or similar amounts paid to a governmental entity (other than Sellers’ income taxes). Net License Sales shall not include any of the following: (I) license revenues solely from sales of software products or modules that are not Products, (II) services revenues, and (III) maintenance revenues; provided, however, that in negotiating and entering into contracts with customers, Purchaser will reasonably allocate revenues between Products and those items for which Purchaser has no obligation to pay Royalties. Purchaser shall pay Royalties on revenues that are substantively license revenues from Products, irrespective of how such revenues are characterized in any customer contract.

Based on 3 documents

Examples of Net License Sales in a sentence

• Within sixty (60) days after the end of each quarter during the Royalty Period, Purchaser shall provide a statement setting forth the gross revenues, Net License Sales, and other information reasonably requested by Sellers, and the corresponding Royalties.
• Provided that the Closing occurs, for a period of three (3) years beginning on the Effective Date (“Royalty Period”), Purchaser shall pay to Sellers, without offset or deduction of any kind or manner whatsoever, royalties equal to four percent (4%) of Net License Sales (“Royalties”).

Related to Net License Sales

• Sublicense Revenues means [***].
• Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:
• Sublicense Revenue means [***].
• License Key means a unique key-code that enables Licensee to run Software subject to the obtained User Pack.
• Patent License Agreement means the Patent License Agreement substantially in the form of Exhibit C.
• Patent License means any written agreement granting any right with respect to any invention on which a Patent is in existence or a Patent application is pending, in which agreement Borrower now holds or hereafter acquires any interest.
• Net Sales means [***].
• Patent Licenses means all licenses, contracts or other agreements, whether written or oral, naming any Grantor as licensee or licensor and providing for the grant of any right to manufacture, use or sell any invention covered by any Patent (including, without limitation, all Patent Licenses set forth in Schedule II hereto).
• Gross Sales means the sum total of all retail sales of tangible personal property or services as
• Trademark Licensee means any corporation, partnership, limited liability company or similar legal entity (and not a person) that has a written trademark license agreement with Registry Operator or its Affiliate, for use of the registered trademark owned by Registry Operator or its Affiliate, the textual elements of which correspond exactly to the .Brand TLD string operated by Registry Operator, where:
• CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.
• Licensed Services means all functions performed by the Licensed System.
• Net Sales Revenue shall have the meaning as set out in Schedule "A"
• Sub-Licensee means all person/ agency with whom Licensee has executed sub license agreement as per terms and conditions of license agreement executed between DMRC and the Licensee, for commercial utilization of the Bare Spaces.
• Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.
• CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.
• Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.
• Sublicense Fees shall have the meaning set forth in Section 7.3 below.
• Trademark License Agreement means that certain Trademark License Agreement in substantially the form attached hereto as Exhibit F.
• Sub-License means the sub-licensing of any space in the Station Development Assets and Project Utilities in the Station Development Project, by the Station Facility Manager to any licensee, in accordance with the Station Facility Management Agreement;
• Intercompany License Agreement means any cost sharing agreement, commission or royalty agreement, license or sublicense agreement, distribution agreement, services agreement, intellectual property rights transfer agreement, any related agreements or similar agreements, in each case where all parties to such agreement are one or more of the Issuer or a Restricted Subsidiary.
• Company License Agreements means any license agreements granting any right to use or practice any rights under any Intellectual Property (except for such agreements for off-the-shelf products that are generally available for less than $25,000), and any written settlements relating to any Intellectual Property, to which the Company is a party or otherwise bound; and the term “Software” means any and all computer programs, including any and all software implementations of algorithms, models and methodologies, whether in source code or object code.
• Trademark License means any written agreement granting any right to use any Trademark or Trademark registration, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest.