Economic Terms. Each Transaction Confirmation shall specify the following terms or, alternatively, the terms that the parties agree to specify in their Transaction Confirmation by using the facilities of a particular electronic messaging, trading or settlement system (“Economic Terms”): Trade Date Reference Currency Reference Currency Notional Amount Notional Amount or Forward Rate Reference Currency Buyer Reference Currency Seller Settlement Currency Valuation Date [Specify date only; all other terms in the Relevant EMTA Template apply.] Settlement Date [Specify date only; all other terms in the Relevant EMTA Template apply.] Settlement This Master Confirmation shall apply only if the Transaction Confirmation specifies, or the parties otherwise agree in the Transaction Confirmation, that Settlement is Non-Deliverable.
Economic Terms. The price for the Cloud Account fee and agreed Additional Services shall appear on the order confirmation or the offer from the Vendor. The Vendor may invoice the Customer for Cloud Account fee in advance for 12 months at a time if no other period has been agreed to in writing. First time, the Cloud Account fee will be invoiced from the Effective Date until 31 December same year, and thereafter in October for next calendar year. The Customer shall within term of payment pay the agreed Cloud Account fee. Terms of payment is 14 days. In the event of late payment, the Vendor is entitled to interest on the amount due for payment pursuant to Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (The Act relating to Interest on Overdue Payments). The Customer accepts that the Vendor has the right to deny the Customer access to the Cloud Account in the event of the Customer’s failure to pay the Cloud Account fee. All prices are excluded VAT and other relevant taxes and fees. If the Vendor must purchase products/services in foreign currency as a part of its performance to the Customer, the exchange rate on the date of invoice for the Vendor will be used. Terms of delivery is Ex Works (Incoterms 2010). Additional services are normally invoiced monthly in arrears. The Vendor’s standard hourly rates apply for Additional Services performed in the Service Period. Assistance from the Vendor between 16 and 20 on working days entails an additional 50 % to the Vendor’s standard hourly rates, and assistance from the Vendor between 20 and 08 on working days, Saturday, Sundays, Christmas Eve, New Year’s Eve and public holidays entails an additional 100 % to the Vendor’s standard hourly rates. In the event of amendments in public taxes and fees subsequent to the Cloud Service Agreement, and which affects the Vendor’s expenses, the Vendor may without further notice carry forward such expenses from the same time as such expenses affect the Vendor’s expenses. In addition, the Vendor may without further notice conduct an annual price adjustment with effect from 1 January following year with 2 per cent or last year’s amendment in consumer price index or consumer price index with work wages as dominant factor, whichever is highest. Other price adjustments shall be notified in writing, and such price adjustments may only be carried out 14 days after the noticed is sent.
Economic Terms. (a) For purposes of this Agreement, a “Service” means a Standard Network Service or Non-Standard Network Service (with the distinction between what constitutes a separate and distinct Standard Network Service or Non-Standard Network Service determined in accordance with Schedule 7.1); an “Other Reseller” means any reseller of Wireless Broadband Service in the United States other than [*****].
Economic Terms. Each Transaction Confirmation shall specify the following terms or, alternatively, the terms that the Adhering Parties agree to specify in their Transaction Confirmation by using the facilities of the Sponsor (“Economic Terms”): Trade Date Reference Currency Reference Currency Notional Amount Notional Amount or Forward Rate Reference Currency Buyer Reference Currency Seller Settlement Currency Valuation Date [Specify date only; all other terms in the Relevant EMTA Template apply.] Settlement Date [Specify date only; all other terms in the Relevant EMTA Template apply.] Settlement This Multilateral Master Confirmation shall apply only if the Transaction Confirmation specifies, or the Adhering Parties otherwise agree in the Transaction Confirmation, that Settlement is Non- Deliverable.
Economic Terms. The economic terms of the Selected Product License Agreement for AB-101 shall be as set forth in Exhibit 5.4(b). Following the Delivery Date of the Option Candidate Data Package for an Option Candidate other than AB-101, the Parties shall negotiate in good faith to determine the amount of upfront payments (if applicable), development milestones payments, sales milestone payments and royalty payments to be reflected in the Selected Product License Agreement for such Option Candidate if Option Exercise occurs, where the specific amounts shall reflect [***]. If no agreement on such economic terms is reached by the time of the Option Exercise with respect to such Option Candidate, unless the Parties agree otherwise, then the Parties will submit the dispute for resolution pursuant to Section 13.5 and will enter into a Selected Product License Agreement containing terms determined pursuant to such dispute resolution (as may be modified or added to by written agreement of the Parties).
Economic Terms. Attachment B Attachment C, D & E for Operating Engineers Attachment F for Carpenters Attachment G for Operating Engineers & Carpenters EXECUTED THIS 11th DAY OF APRIL 2006, SUBJECT TO RATIFICATION BY THE RANK AND FILE MEMBERSHIP OF THE UNIONS.
Economic Terms. The Airport Group binds itself to pay the Strategic Partner for the performance of its obligations contained in Section 2 above:
Economic Terms. Each Transaction Confirmation shall specify the following terms or, alternatively, the terms that the parties agree to specify in their Transaction Confirmation by using the facilities of a particular electronic messaging, trading or settlement system (“Economic Terms”): Trade Date Buyer Seller Put Currency and Put Currency Amount Call Currency and Call Currency Amount Option Style European Option Type Reference Currency Settlement Currency Strike Price Settlement Date Specify date only; all other terms in the Relevant EMTA Template relating to Settlement Date apply. Settlement Valuation Date Specify date only; all other terms in the Relevant EMTA Template relating to Valuation Date apply. Premium Premium Payment Date This Master Confirmation shall apply only if the Transaction Confirmation specifies, or the parties otherwise agree in the Transaction Confirmation, that Settlement is Non-Deliverable and that the Option Style is European.
Economic Terms. 7.1 CELLERIX will pay to CSIC and US, as consideration for the exclusive licence of all its rights to exploit the PATENT:
(a) an initial payment of €5,000 (FIVE THOUSAND Euro) at the time this agreement is signed,
(b) a payment of €35,000 (THIRTY-FIVE THOUSAND Euro) on the date when the first patient comes into the first clinical trial promoted by CELLERIX with any product incorporated by the PATENT,
(c) a payment of €35,000 (THIRTY-FIVE THOUSAND Euro) on the date of the first visit by the first patient in pivotal phase III promoted by CELLERIX with any product incorporated by the PATENT,
(d) a payment of €35,000 (THIRTY-FIVE THOUSAND Euro) on the date of sending the dossier of the application for authorisation to commercialise any product incorporated by the PATENT to any regulating agency,
(e) a payment of €100,000 (ONE HUNDRED THOUSAND Euro) at the time the product is approved by the first agency, and
(f) a royalty that will be determined according to the following criterion:
Economic Terms. 7.1 CELLERIX will pay to CSIC, as consideration for the exclusive license of all its rights to exploit the PATENT:
(a) an initial payment of €30,000 (THIRTY THOUSAND Euro) at the time this agreement is signed, and
(b) a payment of €120,000 (EURO ONE HUNDRED AND TWENTY THOUSAND) on the date any product that incorporates any of the PATENT’s claims is launched into the market, and
(c) a royalty that will be determined according to the following criterion:
· a 0.1 royalty (ZERO POINT ONE PER CENT) of the Net Sales when the annual turnover is equal or less than Euro 50,000,000 (FIFTY MILLION), · a 0.2% royalty (ZERO POINT TWO PER CENT) of the Net Sales when the annual turnover ranges from Euro 50,000,001 (FIFTY MILLION AND ONE) to Euro 100,000,000 (ONE HUNDRED MILLION), · a 0.3% royalty (ZERO POINT THREE) of the Net Sales when the annual amount of the same exceeds Euro 100,000,001 (ONE HUNDRED MILLION AND ONE). The following are examples to illustrate the above: · If CELLERIX obtains annual Net Sales of €30m, it must pay to CSIC the amount of €30,000. · If CELLERIX obtains annual Net Sales €160m, it must pay to CSIC the amount of €330,000, as a result of applying: · 0.1% to the first €50m = €50,000 · 0.2% to the second €50m = €100,000 · 0.3% to the remaining €60m = €180,000
7.2 For the purposes of this Agreement, annual Net Sales will be understood as the amount resulting from subtracting from the revenues effectively obtained each year by CELLERIX, from the direct or indirect commercial exploitation of the PATENT, the:
i) discounts, rebates, rappels or similar, ii) applicable sales taxes or taxes on consumption,
