Baseline Sales definition

Baseline Sales means, for each Sales Year, AstraZeneca's baseline Net Sales forecast set forth on Schedule B (Baseline Net Sales/Tier 2 Revenues/Termination Baseline Sales).

Baseline Sales means, on a country-by-country basis, the aggregate Net Sales of Product sold by Novartis, its Affiliates and Sublicensees in such country in the twelve (12) consecutive months immediately preceding the first arm’s length sale of any Competitive Product by a Third Party for use or consumption in such country.

Baseline Sales means, with respect to each given Calendar Year, the annual Sale Volumes realization (in tablets) of the immediately preceding Calendar Year (to be converted on prorated basis in case of a non-complete Calendar Year).

Examples of Baseline Sales in a sentence

• Rebate (Gold and Platinum only) Means the percentage of sales in excess of the Prior Year Baseline Sales that will be credited to the Partner.

• The specific number of the Baseline Sales Value for each Contract Year in the Table 1-A above are only for illustrating purpose.

• The Baseline Sales Value for the previous Contract Year shall be adjusted accordingly as well when calculating the Annual Sales Grow Rate for that Contract Year except that, when calculating the Annual Grow Rate of Contract Year 2019, the Baseline Sales Value for Contract Year 2018 shall be based on the actual sales amount during the period of April to December 2018, which is RMB23.87 million.

• Any adjustment to the number of Baseline Sales Value in the above Table 1-A shall be confirmed by the Parties in writing.

• Subject to the Section 7.2, ASTRAZENECA shall be entitled to a true-up amount for the Royalty Fee as determined in accordance with the following formula (“True-up Amount”), provided that the Sales Volume exceeds the sum of Baseline Sales and the Deficit to be covered (if any) (and the positive difference incurred therefrom shall be referred t as “Incremental Sales Volume”).

More Definitions of Baseline Sales

Baseline Sales is defined in Section 11.5.

Baseline Sales means on a *** basis the net sales of the current, as of the Effective Date, ENDO twice daily product containing oxymorphone (Opana ER®) in the Territory achieved by ENDO during the *** prior to the Date of First Sale.

Baseline Sales means Net Sales of the 10 mL Product or 20 mL Product, as the case may be, for the prior Year. For the first Year that begins with the Effective Date, Baseline Sales shall be Net Sales of the 10 mL Product or 20 mL Product, as the case may be, beginning on the date that is one year prior to the Effective Date and ending on December 31, 2016.

Baseline Sales has the meaning set forth in Section 6.2.

Baseline Sales with respect to a Pre-Closing Wind-Down Period means the average quantity of Product sold per day by Seller pursuant to the applicable Terminated Contract during the 2010 calendar year, multiplied by the number of days in the applicable Pre-Closing Wind-Down Period. Seller shall further facilitate and assist Purchaser, as may be requested by Purchaser, to establish a direct relationship with the counterparty of any such Terminated Contract.

Baseline Sales means the monthly Net Demand Sales levels of the Products calculated and set by CLIENT pursuant to Schedule B as those sales levels may be revised by written agreement of the parties. 2 4. "Budget" is defined in Section 3.1 of this Agreement.

Baseline Sales means the amount per Agreement Year as set forth on Exhibit A, as adjusted pursuant to Section 3.06.