Date of First Sale definition

Date of First Sale means the day on which Xxxxxxx, its Affiliate or its sublicensee first sells a Product to a Third Party in an arm's length transaction.

Date of First Sale means, on a country by country basis and product by product basis, the date on which each Collaboration Product is first sold in each country in the Territory by OMP, its Affiliate or its Sublicensee to a Third Party in a commercial arm’s length transaction. For the purpose of clarification of “product by product” used in this Agreement, Collaboration Products having the same Collaboration Compound as an active ingredient shall be deemed to be the same Collaboration Product regardless of difference in indications or formulations.

Date of First Sale means the date of first commercial sale of one or more of the Products by NCH or any of its Affiliates.

Examples of Date of First Sale in a sentence

• Within forty-five (45) days following each quarterly period of a calendar year after the Date of First Sale of the first Product, Xxxxxxx shall render to Rigel a written report setting forth the Net Sales of such Products sold and the royalty due and payable on a Product-by-Product and country-by-country basis (including all deductions taken from the gross sales price in determining Net Sales).

• And Section 7, titled “Term of the Agreement,” provided in relevant part:Unless sooner terminated, this Agreement shall expire upon the last to expire of the patents included in Intellectual Property Rights, or if no patent application(s) issue into a patent having valid claim coverage of the Medical Device, then seven (7) years from the Date of First Sale of the Medical Device.

• The royalty rate shall be [*****] percent ([*****]%) of Net Sales of Licensed Products sold by Licensor, its Affiliates, licensees, or sublicensees on a Product-by-Product basis, and a country-by-country basis until the later of ten (10) years from the Date of First Sale or the last to expire of any Licensee Patent, which covers the manufacture, use, or sale of such Licensed Product.

• No later than *** (***) months prior to the expected Date of First Sale of any Product, ENDO shall submit to GRÜNENTHAL a written estimate of its *** requirements for such Product for each of the next succeeding *** (***) months.

• Said obligation to pay royalties shall apply for a period of either (i) twelve (12) years from Date of First Sale of such Independent Product on a country-by-country basis or (ii) on a country by country basis until last to expire ADDEX Program Patent containing a Valid Claim covering composition of matter of Collaboration Compound contained in a Collaboration Product whichever is longer.

More Definitions of Date of First Sale

Date of First Sale means the date on which the PRODUCT is first sold in a country in the TERRITORY by VIVUS to a THIRD PARTY (other than VIVUS' SUBLICENSEES) in a commercial arms length transaction.

Date of First Sale means the date on which MITEK (or an Affiliate or any of their distributors) first sells a Licensed Product to an unaffiliated Third Party in an arms length commercial transaction.

Date of First Sale means, with respect to any country in the Territory, the month in which ENDO or any of its Affiliates or Sublicensees first sells a Product in that country to an independent third party customer for cash or other consideration converted into cash.

Date of First Sale means the time at which Licensed Product, or Licensed Services is/are transferred by Company to a third party for consideration.

Date of First Sale means the date on which an ARTES Seller first sells a Product to a Third Party in an arms-length commercial transaction in conjunction with a commercial launch of such Product pursuant to a launch plan reviewed by the Steering Committee.

Date of First Sale means, on a Product-by-Product basis, the date on which a Party (or an Affiliate or a Sublicensee) first sells a Product to an unaffiliated Third Party in an arms length commercial transaction. 1.5 "DPC X-Patents" means the rights granted by any governmental authority under a Patent derived from *********** and any counterparts thereof, and additionally, the rights granted by any governmental authority under a Patent which claims *********************** ***************************, which Patent is owned or Controlled by DPC at any time.

Date of First Sale means the date on which OBI (or an Affiliate) first sells a Licensed Product to an unaffiliated Third Party in an arms length commercial transaction.