Calendar Quarters Clause Samples
The 'Calendar Quarters' clause defines how periods of three consecutive months, starting from January, April, July, or October, are interpreted within the agreement. This clause clarifies that any references to quarters in the contract align with standard calendar quarters, such as Q1 being January to March, Q2 being April to June, and so on. By establishing this definition, the clause ensures consistency and avoids confusion regarding reporting periods, deadlines, or performance measurements tied to quarterly intervals.
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Calendar Quarters. In this Agreement "calendar quarter" shall mean any of the four three-month periods during a calendar year ending on March 31, June 30, September 30 and December 31 of such year.
Calendar Quarters. The independent accountant shall not be permitted to disclose to SHPI any information other than what may be required to confirm the accuracy of Licensee's (or a licensee's) royalty report and any payments made under this Agreement. Costs of any audit shall be borne by SHPI.
Calendar Quarters. As of the Opt-In Effective Date and prior to the Opt-Out Date, the Sections of this Agreement that apply to the Shared Products during the Opt-In Term shall apply.
Calendar Quarters. In the event that the actual weighted average Net Sales per Unit of a particular dosage of Licensed Product sold in a particular Calendar Quarter (the “Actual Average Unit Price”) is greater than *** of the Estimated Average Unit Price originally calculated by TTY therefor for ***, the Estimated Average Unit Price used for purposes of calculating the Transfer Price for such dosage of Licensed Product under Section 1.52 shall ***. BDSI shall not be obligated to accept any Order for a Calendar Quarter that exceeds by more than *** in the previous Forecast. However, BDSI shall make commercially reasonable efforts, but not be obligated, to also deliver such exceeding quantities. TTY may request amendment to an Order within *** after such Order is given and BDSI shall use its commercially reasonably efforts to accept such amendment provided, however, BDSI shall not be obligated to accept such amendment if quantities specified in the Order ***, cause the Product scheduled for delivery in a Calendar Quarter ***, or ***. However, BDSI shall make commercially reasonable efforts, but not be obligated, to also deliver any quantities ***. No terms and conditions contained in any Order, acknowledgment, invoice, ▇▇▇▇ of lading, acceptance or other preprinted form issued by either Party shall be effective to the extent they are inconsistent with, modify or add to the terms and conditions contained herein. CONFIDENTIAL TREATMENT REQUESTED WITH RESPECT TO CERTAIN PORTIONS HEREOF DENOTED WITH “***”
Calendar Quarters. The parties acknowledge that any data provided to SCHERING by BUYER concerning its projected needs shall be estimates and shall not be binding on BUYER unless and until confirmed by BUYER's written purchase order.
Calendar Quarters. Any reporting or budgeting of financial information between the Parties under this Agreement shall be stated in calendar quarters.
Calendar Quarters. All references in this Agreement and the Exhibits to quarters refer to calendar quarters in the referenced year. For example, "Q1 01" refers to the first calendar quarter in 2003, i.e. January 1 through March 31, 2003.