Commercial Milestone Payments definition

Commercial Milestone Payments has the meaning set forth in Section 3.3.

Commercial Milestone Payments for a Product, has the meaning set out in the applicable Product Schedule;

Commercial Milestone Payments shall have the meaning given to it in Schedule 2;

Examples of Commercial Milestone Payments in a sentence

• If the auditor finds overpayment by Licensee, then Licensee shall have the right to deduct the overpayment from any future Development Milestone Payments, Commercial Milestone Payments, Royalties or Sublicense Income due to Penn by Licensee or, if no such future Development Milestone Payments, Commercial Milestone Payments, Royalties or Sublicense Income are payable, then Penn shall refund the overpayment to Licensee within [*] after Penn receives the audit report.

• The Preliminary Profit/Royalty Calculation 2 in the next column now includes the impact of any deductions made as a result of the Commercial Milestone Payments.

• From the Closing Date until the date after which Protiva is not eligible to receive any further Commercial Milestone Payments, upon the written request of Protiva, Monsanto Canada shall provide Protiva by December 31 of each calendar year with an annual summary report of the status of any Commercialization activities of Monsanto Canada or any of its Affiliates or sublicensees with respect to any Product being developed by Monsanto Canada or any of their Affiliates.

• Purchaser shall keep, and shall cause Purchaser Related Parties to keep, books and accounts of record in connection with the sale of Covered Products in the Territory, including records of Net Sales, exchange rates and royalty payments (collectively, the “Financial Records”), in accordance with GAAP and in sufficient detail to permit accurate determination of all figures necessary for verification of Commercial Milestone Payments and Contingent Payments to be made to Seller hereunder.

• The second and third Commercial Milestone Payments do not require similar adjustments and are both $[**].

More Definitions of Commercial Milestone Payments

Commercial Milestone Payments means the payments required to be made by Takeda to BioNumerik pursuant to Section 8.3.

Commercial Milestone Payments has the meaning set forth in Section 6.2.2(Commercial Milestones).

Commercial Milestone Payments has the meaning set forth in Section 9.4.

Commercial Milestone Payments has the meaning set forth in Section 8.2.2.

Commercial Milestone Payments shall have the meaning set forth in Section 5.2.2.

Commercial Milestone Payments shall have the meaning set forth in Section 7.3(b). Commercialization or to Commercialize shall mean any activity directed to obtaining marketing, pricing or reimbursement approvals for and promoting, marketing, storing, offering to sell, selling, shipping, distributing, importing and exporting Licensed Products. For clarity, Commercialization excludes Manufacturing. Commercially Reasonable Efforts shall mean, with respect to particular efforts to be expended by a Party with respect to any objective, including, without limitation, development, seeking regulatory approval or reimbursement approval, manufacturing and supplying of the Licensed Products and Commercialization under the Agreement, [****], in each case taking into account the relevant factors in effect at the time such efforts are expended. Competing Product shall mean any pharmaceutical product, other than the Licensed Products, containing a HGF mimetic other than the Licensed Compound. Confidential Information shall mean any and all information, data or know-how, whether technical or non-technical, oral or written, that is disclosed by one Party or its Affiliates (Disclosing Party) to the other Party or its Affiliates (Receiving Party). Confidential Information shall not include any information, data or know-how that:

Commercial Milestone Payments is defined in Section 8.2(b).