Common use of Sales Events Clause in Contracts

Sales Events. In consideration for the rights granted to Provention under this Agreement, Provention shall make the following one-time, non-refundable, non-creditable sales event payments (each, a “Sales Event Payment”) to MacroGenics, upon the first time during the Agreement Term that the total aggregate Net Sales of a Product by the Provention Group in the Territory for such Product exceed the amounts set forth in the following table (each, a “Sales Event”). For clarity, each Sales Event Payment below shall be paid only once regardless of the number of Products achieving the applicable Sales Event.

Sales Events. In consideration for the rights granted to Provention under this Agreement, Provention shall make the following one-time, non-refundable, non-creditable sales event payments (each, a “Sales Event Payment”) to MacroGenics, upon the first time during the Agreement Term that the total aggregate Net Sales of a Product by the Provention Group in the Territory for such Product exceed the amounts set forth in the following table (each, a “Sales Event”). For clarity, each Sales Event Payment below shall be paid only once regardless of the number of Products achieving the applicable Sales Event.. Aggregate Worldwide Sales Events Sales Event Sales Event Payment