Common use of Commercialization Milestones Clause in Contracts

Commercialization Milestones. Ikaria shall pay each of the following milestone payments to BioLineRx within [**] days after the achievement of such milestone: 1. Annual Net Sales in Territory exceed $[**] in a Calendar Year $ [**] 2. Annual Net Sales in Territory exceed $[**] in a Calendar Year $ [**] 3. Annual Net Sales in Territory exceed $[**] in a Calendar Year $ [**] Each of the milestones set forth in Section 4.1(a) and Section 4.1(b) shall be paid only once regardless of the number of Products that achieve such milestone.