Examples of First Full Contract Year in a sentence
On or before October 1 of each year, Supplier may reduce or increase the Supply Amount and/or Yearly REC Amount, provided that (i) the Average Annual Supply Amount shall not exceed the Average Annual Supply Amount for the First Full Contract Year as such may be modified in Section 3.6.1 and (ii) the Supply Amount may not be increased above the Maximum Amount, by providing notice of such to Buyer.
EXHIBIT 7.1 (B) *** Compensation Schedule Year Margin Split Percent (Abbott/Gensia Sicor) ----- ------------------------------------------ All Sales through First Full Contract Year Sales *** Second Full Contract Year Sales *** Remaining Full Contract Year Sales *** Note: Compensation on *** begins upon FDA ANDA approval and supply of Product.
The Yearly REC Amount may only be reduced by up to the same percentage that the Average Annual Supply Amount is reduced and must always be equal to or greater than 85% of the Yearly REC Amount for the First Full Contract Year on the Effective Date.
For purposes of this Agreement, the term "First Partial Year" shall be defined to mean the period commencing on September 9, 2002 and ending on February 28, 2003; the term "First Full Contract Year" shall be defined to mean the period commencing on March 1, 2003 and ending on February 29, 2004; and the term "Final Contract Year" shall be defined to mean the period commencing on March 1, 2004 and ending on February 28, 2005 (each, a "Contract Year").