First Commercialization Date definition

First Commercialization Date means the date when a Licensed Product or Licensed Service, as applicable, is first sold to a Third Party.
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First Commercialization Date means the first date upon which Commercialization occurs.
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First Commercialization Date means the first date Eon ships or has shipped to ▇▇▇▇▇▇-▇▇▇▇▇ (or its designees) an aggregate of 1,500,000 tablets of conforming Product delivered in accordance with the terms of the Agreement.
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Examples of First Commercialization Date in a sentence

  • Licensee hereby agrees that if the total revenue generated by sales of Licensed Products that are Consumables and/or Consumable Kits in the Field of Use equals less than […***…] of the total revenue generated by Licensee in the Field of Use on the […***…] anniversary of the First Commercialization Date or at any time thereafter during the Term, the parties shall in good faith negotiate an equitable adjustment to the financial terms of this Agreement commensurate with such revenue shortfall.

  • For purposes hereof, the “Commercialization Payment Date” shall mean the date that is the earlier of (i) the First Commercialization Date and (ii) the first anniversary of the Closing Date.

  • Licensee hereby acknowledges that the financial terms set forth in this Agreement are based on the understanding that no later than the […***…] anniversary of the First Commercialization Date, the total revenue generated by sales of Licensed Products that are Consumables and/or Consumable Kits in the Field of Use will equal at least […***…] of the total revenue generated by Licensee in the Field of Use at such date.

  • From the First Commercialization Date, ▇▇▇▇▇▇-▇▇▇▇▇ will pay to Eon an Earned Royalty equal to the applicable Royalty Percentage on Net Sales.

  • Corgenix will also have a right of first refusal, but not an obligation, to manufacture the New Corgenix IT Assays developed during the Phase II Co-Development Program for a period of three (3) years commencing on the First Commercialization Date for the specific New Corgenix IT Assay.


More Definitions of First Commercialization Date

First Commercialization Date means the first date on which a New Corgenix IT Assay is sold to a third party by any of the Parties or their Affiliates.
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