Commercial Milestone Event definition

Commercial Milestone Event has the meaning set forth in Section 8.3.
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Commercial Milestone Event has the meaning set forth in Section 10.4(a).
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Commercial Milestone Event has the meaning set forth in Section 4.2.2 (Commercial Milestones).
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Examples of Commercial Milestone Event in a sentence

  • ELUMINEX shall provide notice to FIBROGEN within [*] during which a Commercial Milestone Event is achieved.

  • So, for example, if a Product is only approved for an Orphan Indication and achieves Calendar Year Net Sales of [***] (and no other Product Directed To the same Project Target has achieved Calendar Year Net Sales of [***]) then the first Commercial Milestone Event will be deemed achieved by such Product.

  • However, if, prior to achieving the next Commercial Milestone Event, such Product is subsequently approved for an indication that is not an Orphan Indication then it will not be deemed to have achieved the next Commercial Milestone Event until it has Calendar Year Net Sales of at least [***].

  • Lilly shall provide Zymeworks with notice of the achievement of each Development Milestone Event and Commercial Milestone Event within […***…] days thereafter and make the corresponding Milestone Payment within […***…] days after such achievement.

  • DS shall provide Zymeworks with notice of the achievement of each Development Milestone Event and Commercial Milestone Event within […***…] thereafter and make the corresponding Milestone Payment within […***…] after such achievement.


More Definitions of Commercial Milestone Event

Commercial Milestone Event has the meaning ascribed to it in Section 6.3.
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Commercial Milestone Event shall have the meaning ascribed to it in Section 4.2.
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Commercial Milestone Event means each of the milestone events listed in Section 6.2(b).
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Commercial Milestone Event is defined in Section 2.13(b)(i).
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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
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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. [ * ] [ * ]
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Commercial Milestone Event means each event described in Section 9.2(d).
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