Examples of Exclusivity Payment in a sentence
The value of Product purchased by Oxford within the twelve (12)-month period following each Exclusivity Payment may be credited against such Exclusivity Payment, up to the amount of the Exclusivity Payment paid (the “Purchase Offset”).
Mithril agrees, within 3 business days of the satisfaction of Conditions (a) and (b) by the Due Diligence Date, to pay Sun Minerals the cash sum of $150,000 (Exclusivity Payment) to an account nominated by Sun Minerals in writing.
CoTec paid the Exclusivity Payment on January 28, 2022, at an exchange rate of 1.28415, resulting in $154 being capitalized to the balance sheet.
Subject to ARTICLE X, within thirty (30) days after the first anniversary of the Second Development Completion Payment Date (such anniversary, the “Exclusivity Payment Date”), and thereafter within thirty (30) days after each anniversary of the Exclusivity Payment Date, Xxxxxxxx shall pay to Palomar ten million dollars (US $10,000,000) (each, an “Annual Exclusivity Collaboration Payment”).
If Entegris defaults on this obligation, Cellect may find an alternate party for manufacturing the polymer systems in which case Entegris would receive a royalty of five percent (5%) of the Product final sales, payable by Cellect on a quarterly basis, until the aggregate amount payable hereunder is equal to the amounts paid by Entegris on account of the Collaboration and Exclusivity Payment.