Commercial Milestone definition

Commercial Milestone has the meaning set forth in Section 4.3(a).

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Commercial Milestone shall have the meaning assigned to it in Section 4.3.

Commercial Milestone shall have the meaning set out in Section 7.3.1.

Examples of Commercial Milestone in a sentence

Seller (on behalf of itself and the Selling Affiliates) acknowledges that the development of the Products is uncertain and that the Buyer Parties may not achieve the results requiring payment of the Development and Regulatory Milestone Payments, Commercial Milestone Payments, or Royalties.
Notwithstanding the foregoing, Buyer must deduct any Eligible Offset Amount from Development and Regulatory Milestone Payments, Commercial Milestone Payments, Royalties, or any other payments payable by Buyer to Seller under this Agreement at its earliest opportunity(ies) to do so [**].
Buyer may deduct from any Development and Regulatory Milestone Payment, Commercial Milestone Payment, Royalties, (Sub)license Income, or any other payment made by Buyer to Seller under this Section 1.4 (Contingent Consideration), [**], an “Eligible Offset Amount”).
Each Commercial Milestone is payable once per each Licensed Product.
Following receipt of such notice, Seller will issue an invoice equal to the applicable Commercial Milestone Payment, and, subject to Section 1.4(e) (Right to Offset), Buyer will, within [**] following receipt thereof, pay the amount set forth in such invoice by wire transfer of immediately available funds.

More Definitions of Commercial Milestone

Commercial Milestone means the applicable milestone set forth in Section 7.2(b).

Commercial Milestone has the meaning set forth in Section 6.2.

Commercial Milestone means market introduction in the United States or Brazil of a Hybrid (as defined in the ARSRA) or Derivative having at least one finished inbred Line that is stable, pure and reproducible and that is developed in the Program as a parental line and transferred from the Holder to the Company as breeder seed suitable for commercial increase and which Hybrid or Derivative is royalty bearing under an exclusive license to such Line from the Holder to the Company.”

Commercial Milestone means market introduction in the United States of a Hybrid having at least one Line developed in the Program as a parental line and which Hybrid is royalty bearing under an exclusive license to such Line from SYSTEM to CERES.

Commercial Milestone means each of the Annual Net Sales Milestone I, the Annual Net Sales Milestone II and the Annual Net Sales Milestone III.

Commercial Milestone means those milestones mentioned in No. D1 to D3 in Section 7.2.1.

Commercial Milestone. Satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; and (b) Borrower shall have delivered evidence satisfactory to Agent (including supporting documents as reasonably requested by Agent) that Borrower has generated Net Product Revenue, measured on a trailing three (3) month basis, of at least [**] Dollars ($[**]) for any measuring period ending by or before March 31, 2028.