Commercial Milestone Payment definition
Commercial Milestone Payment has the meaning set forth in Section 8.3.
Commercial Milestone Payment has the meaning set forth in Section 4.3(a).
Commercial Milestone Payment has the meaning set forth in Section 6.2(b).
Examples of Commercial Milestone Payment in a sentence
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”).
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.
Each Commercial Milestone Payment shall be noncreditable, nonrefundable and not subject to set-off, other than as set forth in [**].
More Definitions of Commercial Milestone Payment
Commercial Milestone Payment has the meaning set forth in Section 10.7(a).
Commercial Milestone Payment has the meaning set out in Paragraph 2.4;
Commercial Milestone Payment has the meaning given to such term in the PadCo-Protiva License and Services Agreement.
Commercial Milestone Payment is defined in Section 2.07(b).
Commercial Milestone Payment means the payments to be made on the Commercial Milestone Events and as set out in Clause 13.5.1; Commercially Reasonable Efforts means, on a Party-by-Party basis, that level of efforts and resources required to carry out a particular task or obligation in an active and sustained manner, consistent with the general practice followed by the Party required to use such efforts in the exercise of its reasonable business discretion relating to other pharmaceutical products owned by it, or to which it has exclusive rights, which are of similar market potential at a similar stage in their development or product life, taking into account issues of patent coverage, safety and efficacy, product profile, the competitiveness of products in development and in the marketplace, supply chain management considerations, the proprietary position of the compound or product, the regulatory structure involved, the profitability of the applicable products (including pricing and reimbursement status achieved), and other relevant factors, including technical, legal, scientific and/or medical factors;
Commercial Milestone Payment means a payment required under the provisions of Section 8.5 hereof.
Commercial Milestone Payment is defined in Section 5.3 (Commercial Milestones).