Examples of Actimmune Units in a sentence
For the fiscal quarter beginning April 1 and ending June 30, 2000, and without regard to the Effective Date of this Agreement, InterMune shall be entitled to book and recognize Actimmune Net Sales for sales of all Actimmune Units and the Actimmune Gross Margin.
Actimmune Gross Sales" means all revenue recorded in connection with shipments of Actimmune Units multiplied by the price per Actimmune Unit, including revenue with associated accounts receivable for accounting purposes for specific shipment/invoicing transactions with respect to Actimmune Units, and assumes that invoices are prepared immediately following notification of shipment of goods, and are dated the same day of shipment.
For clarification, the payment which Connetics receives from InterMune pursuant to subsection (c) below, and the sales of Actimmune Units represented thereby, shall accrue to the total Actimmune Net Sales booked by Connetics for 1999.
During the Period, InterMune agrees that Connetics shall be entitled to book the Actimmune Net Sales until the total Actimmune Units sold reaches the Baseline applicable for each calendar year during the Period, all in accordance with generally accepted accounting principles, and InterMune will not book such Net Sales or otherwise record the revenue related to the Net Sales that Connetics is entitled to book pursuant to this Agreement.
InterMune shall be entitled to book the Actimmune Net Sales for sales of all Actimmune Units above the Baseline, after the Baseline is met in a given calendar year.
During the Period, InterMune shall perform, or have performed, order entry, packaging, shipping, invoicing, and credit and collection services (subject to Section 2.3(b)) related to sales of Actimmune Units.
If InterMune fails for [ * ] consecutive Collection Periods to remit payment by the Due Date, InterMune hereby agrees that Connetics shall have the right (at its sole option) to modify the payment structure described in subsection (b) above so that Connetics collects all revenue with respect to sales of Actimmune Units, withholds the Actimmune Gross Margin, and remits the balance to InterMune.
Product Management Costs" means InterMune's actual costs to manage sales of Actimmune Units, including all expenses and services related to sales of such Actimmune Units, such as maintenance of safety databases, etc., tracked on a regular basis and properly accounted for.
To the extent that InterMune has not received payment for sales of Actimmune Units for a given Collection Period, InterMune's remittance on the Due Date may exclude any such unpaid amounts, but InterMune shall remit such amount withheld from Actimmune Gross Margin on the next Due Date, regardless of whether InterMune has received payment.
Notwithstanding the foregoing, if such unpaid amount from a purchaser of Actimmune Units remains unpaid six (6) months after the date of invoice ("Bad Debt"), then Connetics shall reimburse InterMune for such Bad Debt within thirty (30) days following the end of such six month period.