SALES ABOVE THE BASELINE Sample Clauses

SALES ABOVE THE BASELINE. During [ * ], if Actimmune Net Sales in any given calendar quarter exceed the Baseline (as may be adjusted pursuant to subsection (e) above) for that quarter by more than [ * ], Connetics agrees that it will [ * ] for the purpose of offsetting any deferred net profits that InterMune might have realized for such quarter had it been entitled to book those Actimmune Net Sales. The Parties agree to [ * ], in an amount that approximates the profits deferred by InterMune for Actimmune Unit sales above Baseline for the relevant quarter, [ * ] InterMune's right to book sales after Baseline is met for the year. [ * ] to be mutually agreed upon at the time of [ * ].
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SALES ABOVE THE BASELINE. During 2000 and 2001, if Actimmune Net Sales in any given calendar quarter exceed the Baseline (as may be adjusted pursuant to subsection (e) above) for that quarter by more than twenty-five percent (25%), Connetics agrees that it will make available to InterMune a short-term loan for the purpose of offsetting any deferred net profits that InterMune might have realized for such quarter had it been entitled to book those Actimmune Net Sales. The Parties agree to negotiate the terms of such a loan in good faith, in an amount that approximates the profits deferred by InterMune for Actimmune Unit sales above Baseline for the relevant quarter, at an interest rate equivalent to Connetics' then current short-term investment rate, and that repayment of the loan shall be tied to InterMune's right to book sales after Baseline is met for the year. The loan shall be made in accordance with documentation to be mutually agreed upon at the time of the loan.

Related to SALES ABOVE THE BASELINE

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