Common use of Sales-Based Milestones Clause in Contracts

Sales-Based Milestones. Each of the following milestone payments shall be paid by Eiger to BMS for total annual sales of Licensed Product within [ * ] after the Net Sales of all Licensed Products in a given Calendar Year first reach the threshold amounts set forth in the table below: [ * ] [ * ] [ * ] [ * ] [ * ] [ * ] Total Sales-Based Milestones $ 128.0 million Each milestone payment shall not be refundable or returnable in any event, nor shall it be creditable against royalties or other payments.

Appears in 3 contracts

Samples: License Agreement (Eiger BioPharmaceuticals, Inc.), License Agreement (Eiger BioPharmaceuticals, Inc.), License Agreement (Eiger BioPharmaceuticals, Inc.)

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Sales-Based Milestones. Each of the following milestone payments shall be paid by Eiger to BMS for total annual sales of Licensed Product within [ * ] after the Net Sales of all Licensed Products in a given Calendar Year first reach the threshold amounts set forth in the table below: [ * ] [ * ] [ * ] [ * ] [ * ] [ * ] Total Sales-Based Milestones $ 128.0 million Each milestone payment shall not be refundable or returnable in any event, nor shall it be creditable against royalties or other payments.:

Appears in 1 contract

Samples: License Agreement

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