Sales Milestone Events. Subject to the terms and conditions of this Agreement, if Licensee exercises the TARP8 Option pursuant to Section 2.2.3 (Option Exercise), on a TARP8 Product-by-TARP8 Product basis, Licensee will pay to Xxxxxxx the applicable sales milestone payments set forth in the table below upon the first achievement of each of the sales milestone event in the Territory. For clarity, each sales milestone payment under this Section 6.3.1.2 (Sales Milestone Events) will be payable only one time and will be non-refundable and non-creditable. Sales Milestone Event Sales Milestone Payment (USD) Any [***] Lead Candidate Product 1 [***] $[***] 2 [***] $[***] Total $40,000,000 Any TARP8 Development Candidate Product other than a [***] Lead Candidate Product 3 [***] $[***] 4 [***] $[***] Total $42,000,000 Licensee will provide Xxxxxxx with written notice of the achievement of each sales milestone event within [***]. Licensee will make the corresponding sales milestone payments to Xxxxxxx within [***]. For clarity, if multiple sales milestone events are first achieved in a single Calendar Quarter within the same Calendar Year, the sales milestone payments corresponding to all of such achieved sales milestone events will be payable at the same time.
Sales Milestone Events. If a Sales Milestone Event (excluding Milestone Event 7) is achieved during a given Calendar Quarter and any Sales Milestone Event set forth above such first-referenced Sales Milestone Event has not been achieved during any prior Calendar Quarter (each a “Skipped Sales Milestone”), then each such Skipped Sales Milestone shall be deemed to have been achieved during such Calendar Quarter.
Sales Milestone Events. For clarity, if aggregate annual Net Sales of Products in a Calendar Year satisfies more than one milestone event set forth above, then payment shall be made for each such milestone event that is satisfied. For example, if, in the first Calendar Year that annual Net Sales of all miR-33 Products exceeds $[…***…], actual aggregate annual Net Sales of miR-33 Products in such Calendar Year is $[…***…], then AstraZeneca shall pay to Regulus the two relevant milestone payments set forth above for a total of $[…***…]. ***Confidential Treatment Requested
Sales Milestone Events. On a Licensed Compound-by-Licensed Compound basis, GBT shall pay to Syros the one-time (per Licensed Compound) non-refundable, non-creditable sales milestone payments set forth in the table below when the aggregate annual Net Sales of all Products containing such Licensed Compound for any and all uses in the Field sold in the Territory in a calendar year first reach the corresponding threshold value indicated below. Milestone Event Milestone Payment
Sales Milestone Events. (a) In partial consideration for the transactions contemplated by this Agreement, and subject to the terms and conditions of this Agreement, within thirty (30) calendar days after the first achievement of each milestone event (each a “Sales Milestone Event”) set forth below in connection with a Product by any Buyer Party, Buyer shall notify Seller in writing following the first achievement of such Sales Milestone Event and make a payment to Seller with respect to the corresponding Sales Milestone Payment (each, a “Sales Milestone Payment”). For the avoidance of doubt, no Sales Milestone Payment shall become due and payable and neither Party will be obligated to reimburse the other Party for any costs incurred by the other Party under or in connection with this Agreement unless and until the Closing occurs.
Sales Milestone Events. For all Licensed Products, Pfizer shall pay Arvinas the following one-time sales milestone payments (each as “Sales Milestone Payment”) for the first achievement of each sales milestone event (each as “Sales Milestone Event”) described below: Calendar Year Net Sales of All Licensed Products in the Territory Payment Equal to or greater than [**] dollars ($[**]), but less than [**] dollars ($[**]) [**] Dollars ($[**]) Equal to or greater than [**] dollars ($[**]), but less than [**] dollars ($[**]) [**] Dollars ($[**]) Equal to or greater than [**] dollars ($[**]), but less than [**] dollars ($[**]) [**] Dollars ($[**]) Equal to or greater than [**] dollars ($[**]), but less than [**] dollars ($[**]) [**] Dollars ($[**]) Equal to or greater than [**] dollars ($[**]), but less than [**] dollars ($[**]) [**] Dollars ($[**]) Equal to or greater than [**] dollars ($[**]) [**] Dollars ($[**])
Sales Milestone Events. Subject to the remainder of this Section 8.6, Neurocrine shall pay to Xenon the sales milestone payments set forth in the table below when the aggregate annual Net Sales of any Product sold in the Territory in a calendar year first reach the corresponding threshold value indicated below. Annual Net Sales of each Product in the Territory first exceed: Milestone Payment [†] [†] [†] [†] Total Sales Milestone Payments (per Product) $150,000,000
Sales Milestone Events. Subject to the terms and conditions set forth in this Section 5.2(b), 3DMed shall make each of the one-time, non-refundable, non-creditable milestone payments to SELLAS that are set forth below upon the first occurrence of the corresponding sales milestone event by or on behalf of 3DMed or its Sublicensee with respect to the Licensed Products. Each milestone payment under this Section 5.2(b) shall be paid only once with respect to the first time such sales milestone event is achieved. In the event that more than one sales milestone event is first achieved in the same Calendar Year, then 3DMed shall pay to SELLAS each of the corresponding sales milestone payment(s) for each such sales milestone event that has been achieved in that Calendar Year.
