Commercialization Date definition

Commercialization Date for the Solar Facility means the date on which Groundbreaking occurs. As used herein, “Groundbreaking” shall mean the earlier of (a) when earth is moved for the improvement of the Leased Property for the construction of the Solar Facility, (b) when the first Solar Facility support structure is installed below grade at the Leased Property, or (c) when Company elects to make the first annual Commercial Term rent payment in the amount set forth in Section 5.2(a). Movement of earth for evaluation of the Leased Property shall not be considered Groundbreaking and shall not cause the Commercialization Date to occur. Company shall notify Landowner promptly if and when the Commercialization Date occurs.

Commercialization Date means the earlier of (a) December 31, 2006 or (b) the date of the First Commercial Sale in a Major Pharmaceutical Market.

Commercialization Date means for each Selected Compound the first day of the calendar quarter immediately following the date of […***…] such Selected Compound to be sold […***…]

Examples of Commercialization Date in a sentence

• Company shall notify Landowner promptly if and when the Commercialization Date occurs.

• No later than the Commercialization Date, and for the remaining duration of the Commercial Term (as it may be extended), Company shall post or arrange for the posting of security funds in a manner and amount sufficient to ensure decommissioning of the Solar Facility and removal of the Solar Facility Equipment from the Leased Property consistent with the Decommissioning Cost Estimate, as it may be updated (“Decommissioning Security”).

• If the Commercialization Date does not occur prior to expiration of the Development Feasibility Term (as it may be extended), this Lease shall terminate.

• Prior to the Commercialization Date (as defined below), Company shall cause to be conducted, at Company’s sole expense, a survey of the Leased Property and the Easements.

• No more than 90 days in advance of the Commercialization Date, Company shall provide to Landowner an estimate of the cost, calculated by a reputable, mutually agreed upon third-party engineer not associated with the engineer or engineering firm that prepared the site plan or construction plans for the Solar Facility, for the removal of the Solar Facility Equipment from the Leased Property and the restoration of the soil surface of the Leased Property (the “Decommissioning Cost Estimate”).

More Definitions of Commercialization Date

Commercialization Date means, with reference to a CoSeal Unit in existence as of the Effective Date, the occurrence of either of the following events without regard to order: (a) with regard to the United States, the date of FDA approval to manufacture at a manufacturing facility by or on behalf of Baxter, but excluding an AAC facility, or (b) with regard to the European Union, the date of the acceptance of the change notification by the notified body. The first of these events to occur shall be referred to herein as the “First Commercialization Date,” and the second of these events to occur shall be referred to herein as the “Second Commercialization Date.”

Commercialization Date means the date of the first commercial sale of a Product in a Major Market following Regulatory Approval.

Commercialization Date means the date on which LICENSEE first invoices any customer for any LICENSED PRODUCT, which shall not be later than thirty (30) days after LICENSOR has approved the last of (a) labeling for each of the initial LICENSED PRODUCTS submitted by LICENSEE in accordance with clause 2.3, (b) the RECIPE INFORMATION for each of the initial LICENSED PRODUCTS submitted by LICENSEE in accordance with clause 12.1(a), (c) the specifications for the APPROVED CONTAINERS submitted by LICENSEE in accordance with clause 12.6, (d) the statement of LICENSEE’s recall and withdrawal procedures submitted by LICENSEE in accordance with clause 12.11, (e) the statement of LICENSEE’s Consumer Inquiries procedures submitted by LICENSEE in accordance with clause 12.13, and (f) the certificates of insurance submitted by LICENSEE in accordance with clause 14.2.

Commercialization Date with respect to the Product, shall mean the date on which the Product is first sold by Dexcel to an unaffiliated Third Party in the Territory (“Launch”).

Commercialization Date. Minimum Annual Royalty Payment Due The Commercialization Date with respect to [***] means the earlier of the following: [***]. 1st Anniversary of Commercialization Date in [***] [***] 2nd Anniversary of Commercialization Date in [***] [***] 3rd Anniversary of Commercialization Date in [***] and successive anniversaries [***] ***Confidential Treatment Requested For purposes of this Section 7.6, if [***] for a Senomyx [***] Compound prior to [***], the [***] shall be deemed to be the [***]. There will be no duplication of Minimum Annual Royalties in either territory; only one Minimum Annual Royalty will be paid in the applicable territory even if [***] for both a Senomyx [***] Compound and a Senomyx [***] Compound [***]. For each of (i) [***]; and (ii) [***], the Minimum Annual Royalties shall be paid according to a schedule based on when the first Minimum Annual Royalty payment for [***] Compound becomes due. Thus, for example, if (i) [***] for a Senomyx [***] Compound [***] in [***] on June 15, 2006 and (ii) then (x) [***] for a Senomyx [***] Compound [***] in [***] on July 15, 2006, or (y) if [***] prior thereto, Ajinomoto [***] on such date and year, Minimum Annual Royalties will first become due on [***] and each subsequent Minimum Annual Royalty payment for [***] will be due on an anniversary thereof, but no additional Minimum Annual Royalties will become due on [***] notwithstanding that such date would be [***] with respect to such Senomyx [***] Compound.

Commercialization Date. Minimum Annual Royalty Payment Due The Commercialization Date with respect to [***] means the earlier of the following: [***]. 1st Anniversary of Commercialization Date in [***] [***] 2nd Anniversary of Commercialization Date in [***] [***] 3rd Anniversary of Commercialization Date in [***], and successive anniversaries [***] Following [***] for [***]

Commercialization Date for a given Region other than the United States of America means the date of the first sale of (the date of the invoice for) a Fully Integrated Sensei System in such Region, and for the United States of America means the date of the first sale of (the date of the invoice for) a Fully Integrated Sensei System in the United States of America, or ******, whichever occurs first.