Canadian Territory definition
Examples of Canadian Territory in a sentence
Bayer and GW now wish to complete Appendices 5 and 6 for the Canadian Territory.
PNI shall make reasonable commercial efforts to cover all United States and Canadian Territory and expand to all commercially reasonable countries.
In order to maintain exclusivity to the Marks License within the Canadian Field of Use, Avicanna shall (i) use commercially reasonable efforts to launch a minimum of 3 (three) SKUs of the Products in the Canadian Territory within the first year of the Initial Term, and an additional SKU within the second year of the Initial Term of this Agreement and (ii) commit to minimum sales of the amount specified in Section 2.7 of Schedule “C” in each of the years of the Initial Term of this Agreement.
The Canadian Royalty Component will be payable in full until the expiration of all Patents set forth on Schedule 2.1 hereto, containing at least one Valid Claim that would be infringed by the manufacture, sale or use of the Product in the Canadian Territory, and after such expiration, for the period ending [*] years after the First Commercial Sale in the Canadian Territory, the royalty amounts payable pursuant to this Section 2.4(d) shall be reduced by [*] percent ([*]%) (the "Canadian Royalty Term").
From and after the First Commercial Sale in the Canadian Territory, the Buyer shall pay Corixa a royalty of [*] percent ([*]%) of Annual Net Sales, if any, in the Canadian Territory.
KING and NOVAVAX each desire to add Canadian Territory, European Territory, and Original Territory, as newly defined terms to ANNEX I, entitled “DEFINITIONS”, attached to the Exclusive License and Distribution Agreement and as amended in the First Amendment.
For the purposes of clarity, EI agrees to indemnify Avicanna pursuant to Section 5.1(a)(vi) for any third-party claims relating to the Marks whether prior, or subsequent, to any registration of the Marks in the Canadian Territory and the US Territory.
For the avoidance of doubt, in the event that Annual Net Sales in the Canadian Territory in a particular calendar year exceed more than both of the threshold amounts specified in Sections 2.4(f)(i) and (ii) for the first time, then the Buyer shall make both of the milestone payments specified in Sections 2.4(f)(i) and (ii).
Upon the expiration of the Canadian Royalty Term, the Buyer's obligation to pay royalties in the Canadian Territory shall be deemed fully-paid.
The "Canadian Territory" shall mean the Dominion of Canada, and its territories and possessions.