Baseline Sales definition

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, 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 is defined in Section 11.5.

Examples of Baseline Sales in a sentence

• Table 1 lists the data sets used, their formats, and a brief description of the data.

• SCHEDULE B BASELINE NET SALES/TIER 2 REVENUES/TERMINATION BASELINE SALES ($MILLION) Provided however, that for the purpose of calculating the amount of payment associated with an applicable Payment Termination Event (as described in Section 20.2.3 of the Agreement), the Termination Baseline Sales shall be defined as follows: * To include deemed sales pursuant to Schedule S (Pipeline Inventory Adjustment Formulas), if any.

• Expiration of the Term [***] percent ([***]%) of the amount (if any) by which actual aggregate Net Sales of the Product exceeded Termination Baseline Sales during the twelve (12) month period ending on the effective date of expiration of the Term (provided, however, that if the effective date of expiration of the Term is not the last day of a month, such period shall be the twelve (12) month period ending on the last day of the prior month).

• In Sales Year 1, a dollar amount (the "Pipeline Sales Adjustment") equal to [***] multiplied by (i) [***], (ii) [***] and (iii) [***] percent ([***]%) shall be deemed Net Sales in calculating Baseline Sales, Tier 2 Revenues and Termination Baseline Sales; however, although such Pipeline Sales Adjustment shall be included in determining the appropriate royalty tier and rate, [***].

• DePuy Synthes shall have the right, upon thirty (30) days’ prior written notice, periodically but no more than once per Year, to review and examine or have an independent third party expert review and examine the appropriate books and records of Pacira related to, for a particular Year, the (i) invoiced sales of Product in the Territory, (ii) Deductions, (iii) calculation of Net Sales, (iv) calculation of Baseline Sales, and (v) calculation of the Commission Payments.

More Definitions of Baseline Sales

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).

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 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 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 is defined in Section 8.4.

Baseline Sales means that number which is equal to Sales during each Baseline Year.

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