Common use of Launch Milestone Payment Clause in Contracts

Launch Milestone Payment. Within ten (10) business days of Endo's first commercial sale of Licensed Product, Endo shall pay to Noven Ten Million Dollars ($10,000,000), if fewer than *** other generic formulations of Duragesic(R) have been approved or launched, ***.

Appears in 3 contracts

Samples: License Agreement (Noven Pharmaceuticals Inc), License Agreement (Noven Pharmaceuticals Inc), License Agreement (Endo Pharmaceuticals Holdings Inc)

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Launch Milestone Payment. Within ten (10) business days of Endo's first commercial sale of Licensed Product, Endo shall pay to Noven Ten Million Dollars ($10,000,000), if fewer than *** *other generic formulations of Duragesic(R) have been approved or launched, ***.

Appears in 1 contract

Samples: License Agreement (Endo Pharmaceuticals Holdings Inc)

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