First Sales Year definition

First Sales Year means the period between the date of First Commercial Sale of a Licensed Product in a Separate Therapeutic Area in the first country in the Territory in which such Licensed Product is sold in such Separate Therapeutic Area and the end of the calendar year in which such First Commercial Sale is made.
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First Sales Year means the 12 month period starting on the date of the First Commercial Sale and ending on the last day of the month in which the first anniversary of the First Commercial Sale date occurs.
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First Sales Year means the one year period beginning on the first day of the first month following the date of the first commercial shipment against a purchase order to a customer for ultimate retail sale of one or more [ ]* Cells by DURACELL which is subject to the Exclusive [ ]* Cell License.
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Examples of First Sales Year in a sentence

  • The maximum amount of each First Year Sales Advance shall be determined as of the end of each Sales Quarter during the First Sales Year (as defined in the Services Agreement), and shall be an amount equal to (i) the Sales and Marketing Fee (as defined in the Services Agreement) for such Sales Quarter, minus (ii) 33% of the Net Sales of the Product (as defined in the Services Agreement) during such Sales Quarter.

  • Commencing on the first day of the second Sales Quarter of the First Sales Year, and on the first day of each subsequent Sales Quarter during the First Sales Year and the Second Sales Year, Optimer will pay to Cubist a non-refundable amount equal to the Quarterly Amount Due.

  • During the First Sales Year the Obligated Orders for a given quarter shall be [ * ] of the most recent forecast for that quarter.

  • A separate report summarizing the Annual Worldwide Net Sales of each Licensed Product in each Separate Therapeutic Area (the "Annual Report") shall be delivered to 3DP within sixty (60) days of the end of the First Sales Year and each subsequent Sales Year.

  • In any event, after the First Sales Year, Roche shall be obligated to place firm lead time orders (according to Section 6.10) for a given quarter of a total amount that is [ * ] of the forecasted requirements for such quarter according to the forecast that is provided immediately before that quarter ("Obligated Orders").

  • With regard to the period after the First Sales Year, the Work Plan will put in place a mutually agreed upon plan for assay support consistent with actual sales and projected sales growth.

  • Beginning upon the date that is […***…] following the first day of the First Sales Year, if Cubist engages in the promotion of a product other than Cubicin or the Product, Cubist […***…].

  • Beginning upon the date that is [ ]* following the first day of the First Sales Year, if Cubist engages in the promotion of a product other than Cubicin or the Product, Cubist [ ]*.

  • During the First Sales Year, XYZ will miniaturize assays for YYY's customers, and will be compensated for this activity through the Transfer Price paid by YYY for Product, with the mechanism set forth in Section 6.4 below.

  • In any event, after the First Sales Year, YYY shall be obligated to place firm lead time orders (according to Section 6.10) for a given quarter of a total amount that is [ * ] of the forecasted requirements for such quarter according to the forecast that is provided immediately before that quarter ("Obligated Orders").


More Definitions of First Sales Year

First Sales Year means the period commencing on the date of launch of Product by YYY and ending one (1) year thereafter.
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First Sales Year means the period commencing on the date of launch of Product by Roche and ending one (1) year thereafter.
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First Sales Year means the period from the Launch Date till December 31, 2016.
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Related to First Sales Year

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.