Common use of Minimum Sales Clause in Contracts

Minimum Sales. 13.2.1 The minimum quantity of Products to be sold in the Territory (“Minimum Sales”) is set forth in a table in Schedule 11. 13.2.2 If the Minimum Sales are not met during 2 (two) consecutive years, TiGenix is entitled to unilaterally render this Agreement non-exclusive towards Sobi or terminate this Agreement. In such case, Sobi shall use commercially reasonable efforts to transfer the pricing reimbursements, as well as any pricing and reimbursement approvals, permits or other authorizations which may have been obtained in the name of Sobi or jointly in the name of TiGenix and Sobi [***] Certain information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to omitted portions. pursuant to this Agreement, to either TiGenix or any other Third Party to whom TiGenix would grant a license for the Territory, as quickly as possible. 13.2.3 Ordering of the Product is made in accordance with the process specified in Schedule 2c and Schedule 4.

Minimum Sales. 13.2.1 The minimum quantity of Products to be sold in the Territory (“Minimum Sales”) is set forth in a table in Schedule 11. 13.2.2 If the Minimum Sales are not met during 2 (two) consecutive years[***], TiGenix is entitled to unilaterally render this Agreement non-exclusive towards Sobi or terminate this Agreement. In such case, Sobi shall use commercially reasonable efforts to transfer the pricing reimbursements, as well as any pricing and reimbursement approvals, permits or other authorizations which may have been obtained in the name of Sobi or jointly in the name of TiGenix and Sobi [***] Certain information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to omitted portions. pursuant to this Agreement, to either TiGenix or any other Third Party to whom TiGenix would grant a license for the Territory, as quickly as possible. 13.2.3 Ordering of the Product is made in accordance with the process specified in Schedule 2c and Schedule 4.