Sales Milestone Payments. Sublicensee will pay to Sublicensor the following non-refundable, one-time milestone payments as follows: (a) Within sixty (60) days following attainment of annual Net Sales in Japan equal to******; (b) Within sixty (60) days following attainment of annual Net Sales in Japan equal to******; (c) Within sixty (60) days following attainment of annual Net Sales in Japan equal to******. For purposes of this Section 4.3, annual Net Sales shall be calculated on a calendar year basis. Nothing herein shall preclude multiple milestone payments from being paid in a given 12-month period if multiple milestones have been reached.
Appears in 2 contracts
Samples: Sublicense Agreement (Keryx Biopharmaceuticals Inc), Sublicense Agreement (Keryx Biopharmaceuticals Inc)
Sales Milestone Payments. Sublicensee will pay to Sublicensor the following non-refundable, one-time milestone payments as follows:
(a) Within sixty (60) days following attainment of annual Net Sales in Japan equal toto ******;.
(b) Within sixty (60) days following attainment of annual Net Sales in Japan equal toto ******;.
(c) Within sixty (60) days following attainment of annual Net Sales in Japan equal to*to *****. For purposes of this Section 4.3, annual Net Sales shall be calculated on a calendar year basis. Nothing herein shall preclude multiple milestone payments from being paid in a given 12-month period if multiple milestones have been reached.
Appears in 2 contracts
Samples: Sublicense Agreement (Keryx Biopharmaceuticals Inc), Sublicense Agreement (Keryx Biopharmaceuticals Inc)