Common use of Sales Milestone Payments Clause in Contracts

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)

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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)

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