Sales Based Events. GBT shall pay to Roche up to a total of eighty five million US Dollars (US$85,000,000) based on aggregate Calendar Year Net Sales of all Products in the Territory: Net Sales Threshold Payment Total Calendar Year Net Sales in the Territory of Products exceed US$[***] US$ [ ***] Total Calendar Year Net Sales in the Territory of Products exceed US$[***] US$ [ ***] Total Calendar Year Net Sales in the Territory of Products exceed US$[***] US$ [ ***] * Confidential Information, indicated by [***], has been omitted from this filing and filed separately with the Securities and Exchange Commission Each of the sales based event payments shall be paid no more than once during the Agreement Term, at first occurrence of the event for aggregated sales of all Products in the Territory first reaching the respective Net Sales threshold, and shall be non-refundable and non-creditable. On a quarterly basis during each Calendar Year of the Royalty Term, within the [***] period set forth in Section 11.1 for GBT’s calculation and payment of royalties for the first, second, third and fourth quarters of a Calendar Year, GBT shall calculate whether any sales threshold under this Section 10.3 has been achieved in a given quarter, and if so shall notify and pay Roche any such achieved sales based event payment that accrues in such quarter, within the same time frames set forth in Section 11.1 for royalty payments.
Sales Based Events. On a Collaboration Target-by-Collaboration Target basis, Calico shall pay C4T the following one-time sales-based event (each, a “Sales Based Event”) payments for the first Collaboration Product to achieve the following levels of Net Sales (“Net Sales Threshold”) for such Collaboration Target: Net Sales Threshold Payment [***] [ ***] [***] [ ***] [***] [ ***] For each Collaboration Target, each of the Sales Based Event payments shall be paid no more than once at the first occurrence of the event for a Collaboration Product in the Territory first reaching the respective Net Sales Threshold, irrespective of whether or not the previous Sales Based Event payment was triggered by the same or by a different Collaboration Product for such Collaboration Target, and shall be paid within [***] after receipt of invoice from C4T after the end of the Calendar Year in which the event first occurs. The milestone payments in the table above shall be paid in full for Collaboration Products that are Covered by a Valid Composition of Matter Claim in each of (i) the US, (ii) each of the Major European Countries, and (iii) Japan. For Collaboration Products that either (a) are not Covered by a Valid Composition of Matter Claim in each of the US, the Major European Countries and Japan or (b) with respect to which the only Valid Composition of Matter Claim for such Collaboration Product in each of the US, the Major European Countries and Japan is [***], then the above milestone payments shall be reduced by [***].
Sales Based Events. River Vision shall pay to Roche up to a total of CHF [***] (CHF [***]) based on aggregate Calendar Year Net Sales of a Product in the Territory: Net Sales Threshold Payment [***] CHF Total Calendar Year Net Sales in the Territory of a Product exceed CHF [***] CHF [***] Total Calendar Year Net Sales in the Territory of a Product exceed CHF [***] CHF [***] Total Calendar Year Net Sales in the Territory of a Product exceed CHF [***] CHF [***] TOTAL [***] Each of the sales based event payments shall be paid no more than once, at first occurrence of the event for the Product in the Territory first reaching the respective Net Sales Threshold, irrespective of whether or not the previous sales based event payment was triggered by the same or by a different Product, and shall be non-refundable and non-creditable.
Sales Based Events. ROCHE obligates itself to make further payments to EVOTEC subject to the achievement of the launch of a Product. ROCHE shall pay to EVOTEC up to a total of US$ [***] (US$ [***]) based on aggregate Calendar Year Net Sales in the Territory of the first Product sold: Net Sales Threshold Payment First time total Calendar Year Net Sales in the Territory of the first Product exceed US$ [***] US$ [***] First time total Calendar Year Net Sales in the Territory of the first Product exceed US$ [***] US$ [***] First time total Calendar Year Net Sales in the Territory of the first Product exceed US$ [***] US$ [***] TOTAL US$ [***] Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934. Each of the sales based event payments shall be paid no more than once under this Agreement, at first occurrence of the event in a Calendar Year for the first Product launched in the Territory and shall be non refundable and non creditable.
Sales Based Events. For each Target, Roche shall pay C4T the following one-time sales-based event payments for the first Licensed Product to achieve the following levels of Net Sales in a Calendar Year (“Net Sales Threshold”) for any Licensed Product covered by a Valid Composition of Matter Claim: Net Sales Threshold Payment [***] [***] [***] [***] [***] [***] For each Target, each of the Sales Based Event payments shall be paid no more than once during the Royalty Term at the first occurrence of the event for a Licensed Product in the Territory first reaching the respective Net Sales Threshold, irrespective of whether or not the previous Sales Based Event payment was triggered by the same or by a different Licensed Product for such Target, and shall be paid within [***] after the end of the Calendar Year in which the event first occurs. The milestone payments in the table above shall be paid in full for Licensed Products that are covered by a Valid Composition of Matter Claim. For Products not covered by a Valid Composition of Matter Claim, the above milestone payments shall be reduced by [***]. For Products where there are some countries in which there is a Valid Composition of Matter Claim and other countries in which there is no Valid Composition of Matter Claim, then if Net Sales in the countries in which there is a Valid Composition of Matter Claim reach the applicable Net Sales Threshold, then payment will be made at the amounts stated in the table above. However if Net Sales in the countries in which there is a Valid Composition of Matter Claim do not reach the applicable Net Sales Threshold but Net Sales in all countries of the Territory reach the applicable Net Sales Threshold, then payment will be at [***] of the amounts stated in the table above. For clarity the total eligible one-time sales based payments to C4T under the Agreement per Target are [***] and for all [***] Targets collectively [***].
Sales Based Events. Roche shall pay to lcagen sales-based event payments of up to a total of one hundred thirty million US dollars (US$130,000,000) based on Calendar Year Net Sales on which royalties are paid of a Product in the Territory: Calendar Year Net Sales Threshold Amount (in millions of US$) Calendar Year Net Sales on which royalties are paid in the Territory of a Product exceed [***] US dollars (US$[***]) [***] Calendar Year Net Sales on which royalties are paid in the Territory of a Product exceed [***] US dollars (US$[***]) [***] Calendar Year Net Sales on which royalties are paid in the Territory of a Product exceed [***] US dollars (US$[***]) [***] Each of the sales based event payments shall be paid no more than once for a given Product and only if they occur during the Royalty Term for a given Product, sixty (60) days after the end of the Calendar Year in which the event first occurs for the Product in the Territory first reaching the respective Net Sales Threshold, irrespective of whether or not the previous sales based event payment was triggered by the same or by a different Product, and shall be non-refundable. lf two (2) (or three (3)) Calendar Year Net Sales threshold events under this Section 7.6 occur in the same Calendar Year, then the payments for such two (2) (or three (3)) Calendar Year Net Sales threshold events shall be made within [***] after the end of the Calendar Year in which both (all) events occurred.
Sales Based Events. Roche shall pay to PTC up to a total of three hundred twenty-five million US dollars (US$325,000,000) based on aggregate Calendar Year Net Sales of a Product in the Territory: Net Sales Threshold Payment Total Calendar Year Net Sales in the Territory of a Product exceed US$ [**] US$[**] Total Calendar Year Net Sales in the Territory of a Product exceed US$ [**] US$[**] Total Calendar Year Net Sales in the Territory of a Product exceed US$ [**] US$[**] Total Calendar Year Net Sales in the Territory of a Product exceed US$ [**] US$[**] TOTAL US$325,000,000 Each of the sales-based event payments shall be paid no more than once during the Agreement Term, at first occurrence of the event for the Product in the Territory first reaching the respective Net Sales Threshold, irrespective of whether or not the previous sales-based event payment was triggered by the same or by a different Product, and shall be non-refundable and non-creditable. Upon achievement by the Roche Group of any of the foregoing sales events, Roche shall promptly (but in no event more than [**] days after achievement thereof) notify PTC, and shall pay PTC the corresponding sales event payment within [**] days after receipt of an invoice from PTC.
Sales Based Events. Roche shall pay to Pieris the following one-time sales based event payments as specified in the table below (First Sales Based Event, Second Sales Based Event, Third Sales Based Event) up to a total of [***] Swiss francs (CHF [***]) at the following respective amounts for the applicable events for the first Product to achieve the following levels of Net Sales: Payment Net Sales Threshold if Product is Generated during [***]* if Product is Generated during [***]* First Calendar Year in which worldwide calendar year Net Sales of a Product exceed CHF [***] (“First Sales Based Event”) CHF [***] CHF [***] First Calendar Year in which worldwide calendar year Net Sales of a Product exceed CHF [***] (“Second Sales Based Event”) CHF [***] CHF [***] First Calendar Year in which worldwide calendar year Net Sales of a Product exceed CHF [***] (“Third Sales Based Event”) CHF [***] CHF [***] * The [***] shall be deemed to be (i) [***] for [***], and (ii) for any other Product as long as specified in Section 1.60, but in any event at least [***]. For Products Generated later than [***], no milestone payments shall be paid. Each of the sales based event payments shall be paid no more than once during the Agreement Term, at first occurrence of the event for the Product in the Territory first reaching the respective Net Sales Threshold, irrespective of whether or not the previous sales based event payment was triggered by the same or by a different Product, and shall be non-refundable, and shall be paid within [***] after the end of the Calendar Year in which the event first occurs. Notwithstanding anything contained in this Section 10.5, no sales event payments shall be paid to Pieris in the event that a Product is itself developed, used and commercialized as a Companion Diagnostic Product or as a Stand-alone Diagnostic Product. Portions of the exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
Sales Based Events. PEGA1 shall pay to Roche up to a total of US Dollars [####] based on aggregate Calendar Year Net Sales of a Product in the Territory: Net Sales Threshold Payment Total Calendar Year Net Sales in the Territory of a Product [####] [####] Total Calendar Year Net Sales in the Territory of a Product [####] [####] Total Calendar Year Net Sales in the Territory of a Product [####] [####] Total Calendar Year Net Sales in the Territory of a Product [####] [####] Total Calendar Year Net Sales in the Territory of a Product [####] [####] TOTAL [####] Each of the sales based event payments shall be paid no more than once during the Agreement Term, at first occurrence of the event for the Product in the Territory first reaching the respective Net Sales threshold, irrespective of whether or not the previous sales based event payment was triggered by the same or by a different Product and irrespective of whether the previous threshold was achieved in the same or different Calendar Year, and shall be non-refundable and non-creditable. PEGA1 shall notify Roche of each sales based event timely (but in no event longer than [####]after the respective sales based event occurred). Sales based events payments shall be paid by PEGA1 to Roche along with the royalties due on Net Sales within [####] after the end of the Accounting Period in which the sales based event occurred.
Sales Based Events. Dermira shall pay to Roche up to a total of US$ 1,025,000,000 (US$ one billion and twenty five million) based on aggregate Calendar Year Net Sales of the Product (in any indication but excluding the Net Sales in the Roche Retained Field) in the Territory: Net Sales Threshold Payment US$ (in millions) Total Calendar Year Net Sales of the Product in the Territory exceed US$ 250,000,000 (US$ two hundred and fifty million) [*****] Total Calendar Year Net Sales of the Product in the Territory exceed US$ [*****] (US$ [*****]) [*****] [*****] Certain portions denoted with an asterisk have been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Total Calendar Year Net Sales of the Product in the Territory exceed US$ [*****] (US$ [*****]) [*****] Total Calendar Year Net Sales of the Product in the Territory exceed US$ [*****] (US$ [*****]) [*****] Total Calendar Year Net Sales of the Product in the Territory exceed US$ 3,000,000,000 (US$ three billion) [*****] TOTAL 1,025 Each of the sales based event payments shall be paid no more than once during the Agreement Term, at first occurrence of the event in the Territory, and shall be non-refundable and non-creditable. For clarity, if aggregate Calendar Year Net Sales of the Product achieve two or more milestones under this Section in the same Calendar Year, then each applicable milestone shall be payable in such Calendar Year.
