Commercial Milestone Event has the meaning set forth in Section 8.3.
Commercial Milestone Event has the meaning set forth in Section 10.4(a).
Commercial Milestone Event shall have the meaning set forth in Section 6.3.
Examples of Commercial Milestone Event in a sentence
The maximum aggregate amount payable by Takeda pursuant to this Section 8.4 is [***] In the event that any of the Commercial Milestone Events set forth in this Section 8.4 occurs and any of the preceding Commercial Milestone Events set forth in this Section 8.4 have not occurred, then each such skipped Commercial Milestone Payment shall become due and payable concurrently with the Commercial Milestone Payment for the Commercial Milestone Event with respect to which payment is due.
Following the end of a Fiscal Year in which a given Commercial Milestone Event was achieved, Takeda will send ACI written notice that such Commercial Milestone Event is achieved under this Section 8.4, within [***] following the end of such Fiscal Year.
More Definitions of Commercial Milestone Event
Commercial Milestone Event has the meaning set forth in Section 4.2.2 (Commercial Milestones).
Commercial Milestone Event shall have the meaning set forth in Section 4.7(b).
Commercial Milestone Event. 10.3.1 “Commercial Milestone Payment” 10.3.1 “Commercialization Cost Report” 10.4.2(a) “Commercialization Guidelines”` 3.5.2(b) “Commercialization Plan” 6.2.1 “Competitive Infringement” 12.10.1 “Continuing Party” 14.7.6(a)(ii) “Continuing Payment Term” 14.7.6(a)(iii) “Continuing Product” 14.7.6(a)(iv) “Continuing Product Payments” 14.7.6(a) “Controlling Party” 12.10.3(a)(i) “Co-Promotion” 1.119 “Core Data Sheet” 5.5.1(b) “Cost Reconciliation Report” 10.4.2(b) “Cost Reports” 10.4.2(a) “CTC” Recitals “Data Protection Laws” 1.11 “Development Cost Report” 10.4.2(a) “Development Milestone Event” 10.2.1 “Development Milestone Payment” 10.2.1 “Development Plan” 5.2.1 “Dispute” 16.8.1 “Distribution” 6.4.1 -27- [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM IF PUBLICLY DISCLOSED
Commercial Milestone Event and together with any Development Milestone Event, each, a “Milestone Event”) was first achieved by the Parties under this Agreement after the Effective Date with respect to the first Licensed Product to achieve the applicable Commercial Milestone Event, and Merck shall thereafter pay the applicable amounts set forth below associated with the applicable Commercial Milestone Event in accordance with Section 10.3.2 (each, a “Commercial Milestone Payment” and together with any Development Milestone Payment, each, a “Milestone Payment”): Commercial Milestone Event Commercial Milestone [ * ] Payment (in U.S. Dollars) 1. [ * ] [ * ] 2. [ * ] [ * ] 3. [ * ] [ * ] 4. [ * ] [ * ] 5. [ * ] [ * ] 6. [ * ] [ * ] Each of the foregoing Commercial Milestone Events in this Section 10.3.1 shall be payable a maximum of one (1) time as set forth in the foregoing chart regardless of the number of times the applicable Commercial Milestone Event was achieved (i.e., a maximum of [ * ] Commercial Milestone Payments may be made pursuant to this Section 10.3.1), and no Commercial Milestone Payment shall be due hereunder for any subsequent or repeated achievement of a given Commercial Milestone Event ([ * ]). For the avoidance of doubt, the maximum amount payable by Merck pursuant to this Section 10.3.1 is One Billion Seven Hundred Fifty Million Dollars ($1,750,000,000), assuming that each of the Commercial Milestone Events in this Section 10.3.1 were achieved. For clarity, (a) [ * ], including for [ * ], (b) subject to the foregoing sub-clause (a) of [ * ] shall [ * ] and (c) if [ * ], then the [ * ] for [ * ] shall be [ * ]. 10.3.2
Commercial Milestone Event has the meaning set forth in Clause 5.3 (Commercial Milestones). Commercially Reasonable Efforts means, with respect to the performance of Development, Manufacturing, and Commercialization activities with respect to the Licensed Compound or a Licensed Product by Licensee, the carrying out of such activities using efforts and resources comparable to the efforts and resources commonly used in the biopharmaceutical industry by companies with resources and expertise comparable to those of Parent for internally-developed compounds or products of similar market potential at a similar stage in development or product life. Confidential Materials omitted and filed separately with the Securities and Exchange Commission. ***Triple asterisks denote omissions. Confidential Information has the meaning set forth in Clause 7.1 (Confidentiality Obligations).
Commercial Milestone Event is defined in Section 2.05(b).
Commercial Milestone Event is defined in Section 2.13(b)(i).