Common use of Shortfall Credit Calculation Clause in Contracts

Shortfall Credit Calculation. If the Actual Annual Yield falls more than the Yield Tolerance (set forth in the Product Agreement) below the respective Target Yield, then the shortfall for the Year (the "Shortfall") will be calculated as follows: Shortfall Credit = [(Target Yield – Yield Tolerance) – AAY] * Active Materials Credit Value * Quantity Dispensed

Appears in 2 contracts

Samples: Master Manufacturing Services Agreement (Akebia Therapeutics, Inc.), Master Manufacturing Services Agreement (Keryx Biopharmaceuticals Inc)

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Shortfall Credit Calculation. If the Actual Annual Yield falls more than the Yield Tolerance [**] percent (set forth in the Product Agreement[**]%) below the respective Target YieldYield in a Year, then the shortfall for the Year (the "Shortfall") will be calculated as follows: Shortfall Credit = [(Target Yield – Yield Tolerance) – AAY] * Active Materials Credit Value * Quantity Dispensed**]

Appears in 2 contracts

Samples: Master Manufacturing Services Agreement (La Jolla Pharmaceutical Co), Master Manufacturing Services Agreement (Tetraphase Pharmaceuticals Inc)

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Shortfall Credit Calculation. If the Actual Annual Yield falls more than the Yield Tolerance (set forth in the Product Agreement) [***] below the respective Target YieldYield in a Year, then the shortfall for the Year (the "Shortfall") will be calculated as follows: Shortfall Credit = [(Target Yield – Yield Tolerance) – AAY] * Active Materials Credit Value * Quantity Dispensed***]

Appears in 1 contract

Samples: Master Manufacturing Services Agreement (TESARO, Inc.)

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