First Sale Date definition

First Sale Date means the date of first sale of MosaiQ™ consumables in respect of the Applicable Market by the Seller (or any Affiliate, licensee or other commercial partner thereof).

First Sale Date means the date of first sale of Product consumables in respect of the Applicable Market by the Seller (or any Affiliate, licensee or other commercial partner thereof).

First Sale Date. With respect to the First Sale Tax Liens, December 17, 2021.

Examples of First Sale Date in a sentence

• Within fifteen (15) days following the occurrence of the First Sale Date, the Seller shall provide notice in writing to the Purchaser of the date on which the First Sale Date occurred (the “First Sale Notice”).

• The Seller shall promptly furnish to the Purchaser all relevant information and documentation in connection with this Royalty Right Agreement that the Purchaser may reasonably request in connection with the determination of whether or when the First Sale Date occurred and whether the calculation of Product Net Sales or a Royalty Right Payment Amount is in error.

• No royalty shall be payable to ATL commencing on the ninth year following the First Sale Date.

• The initial Effective Date of the Registration Statement was not earlier than the date three years before the First Sale Date.

• The Seller shall promptly furnish to the Purchaser all relevant information and documentation in connection with this Royalty Right Agreement that the Purchaser may reasonably request in connection with the determination of whether or when the First Sale Date occurred and whether the calculation of MosaiQ™ Net Sales or a Royalty Right Payment Amount is in error.

More Definitions of First Sale Date

First Sale Date means the date on which a Handheld Ultrasound Device or a Highly Portable Ultrasound Device is sold or otherwise transferred for monetary consideration by SonoSight, its subsidiaries, licensees or its agents and delivered to any party unrelated to any of them. For the purposes of this Section the term "net revenues" shall mean the revenues from the sale and/or maintenance of Handheld Ultrasound Devices or Highly Portable Ultrasound Devices, less any taxes (except income taxes) on the devices, credits for returned devices, quantity discounts actually given by SonoSight, freight allowances, cash discounts actually given by SonoSight, and any agent's commissions actually paid by SonoSight. For the purposes of the calculation of the payments required to be made to ATL, the net revenues from the sale of devices sold to a related or affiliated entity of SonoSight for subsequent resale by the entity shall not be used to calculate the payment due to ATL. In that instance, the payment due to ATL shall be calculated based upon the net revenues of the related or affiliated entity from end customers, less any taxes (except income taxes) on the devices, credits for returned devices, quantity discounts actually given by the entity, freight allowances, cash discounts actually given by the entity, and any agent's commissions actually paid by the entity. With respect to revenues in a currency other than United States Dollars, for the purposes of the calculation and the determination of the payment due to ATL, the amount payable to ATL shall be the net revenue converted into United States Dollars using the average of (a) the 4:00 P.M. New York foreign exchange selling rates in effect on the last business day of the calendar quarter, and (b) the 4:00 P.M. New York foreign exchange selling rates in effect on the first business day of the calendar quarter, as reported in the Currency Trading section of The Wall Street Journal, or by converting the net revenue into United States Dollars using another international foreign exchange index acceptable to ATL in effect on the applicable date.

First Sale Date means the first date on which Shares are sold on an agency basis by the Manager, according to the terms hereof.

First Sale Date means on a Country-by-Country basis the earlier of: (i) the date of the first sale by ABBOTT or an ABBOTT Affiliate or sublicensee to a Third Party; or (ii) the date ninety (90) days after Regulatory Approval (as defined below).

First Sale Date means the date of first sale of MosaiQ™ consumables in respect of the Applicable Market by the Issuer (or any Affiliate, licensee or other commercial partner thereof).

First Sale Date means the date of the first commercial sale of any Ampreloxetine Product into the stream of commerce following the first to occur of the first Regulatory Approval by either (1) the FDA or (2) the first of (A) the EMA or (B) all four of Germany, France, Italy and Spain (with respect to national Regulatory Approval).

First Sale Date means the first date on which TMC sells Drug Product to a Third Party which contains Product supplied by UCB hereunder and manufactured through the Chemilog Process.

First Sale Date means the earlier of: (i) the date of the first sale of the Product in a given Major Country following the Approval Date(as defined [*] CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH COMMISSION