API Yield definition
Examples of API Yield in a sentence
Company shall use commercially reasonable efforts to maximize the API Yield for each commercial Batch of Drug Product.
Patheon shall keep accurate and complete books and records of accounting pertaining to the API Yield performed (including the calculation of the Active Material Yield pursuant to Section 2.2), in sufficient detail to permit Client to confirm the accuracy of the invoices and reports submitted hereunder.
WUXI BIOLOGICS shall use Commercially Reasonable Efforts to provide the capacity to supply API and Product according to Rolling Forecasts based on the Target API Yield and provide exclusive capacity as applicable pursuant to Section 3.7 (“Capacity”).
For greater certainty, Patheon’s responsibility for any loss of API in connection with defective Product will be captured and calculated in the API Yield under Section 2.2.
Supplier’s responsibility for any loss of Supernus Supplied Materials in a recalled Product will be captured and calculated in the API Yield under Section 5 or reimbursed as the case may be.
The value of any credit amount determined under the API Yield Incentive Scheme for any particular Year shall be summarized on the annual reconciliation report prepared in the form annexed hereto as Schedule K, and such credit amount shall be paid by the owing party to the receiving party within 90 days of the end of the applicable Year.
For greater certainty, Patheon’s responsibility for any loss of API in Recalled Product will be captured and calculated in the API Yield under Section 2.2. If Patheon is unable to replace the Recalled or returned Products (except where this inability results from a failure to receive the required API), then PGx may request Patheon to reimburse PGx for the price that PGx paid to Patheon for Manufacturing Services for the affected Products.
The parties agree to calculate the value of the credit amount which may be owed to either party under the API Yield Incentive Scheme within 60 days of the end of the Year to which such credit amount (if any) applies.
For greater certainty, Supplier’s responsibility for any loss of Supernus-Supplied Materials in Recalled Product will be captured and calculated in the API Yield under Section 8.
For greater certainty, Patheon’s responsibility for any loss of API in connection with Recalled Product will be captured and calculated in the API Yield under Section 2.2. If Patheon is unable to replace the Recalled or returned Products (except where this inability results from a failure to receive the required API), then Client may request Patheon to reimburse Client for the price Client paid to Patheon for Manufacturing Services for the affected Products.