First Sales Year definition

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 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 period commencing on the date of launch of Product by Roche and ending one (1) year thereafter.
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Examples of First Sales Year in a sentence

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

  • 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").

  • 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.

  • 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 order to facilitate XYZ's forward planning process for Products, and to assist XYZ in making certain decisions relative to inventory of long lead time raw materials, starting at the commencement of the First Sales Year, YYY shall provide prior to the last day of each quarter on an "as needed " basis a non-binding forecast of its requirements for the Products for the following four (4) quarters.


More Definitions of First Sales Year

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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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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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.

  • Calendar Quarter means each period of three (3) consecutive calendar months, ending 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.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Marketing Period means the first period of fifteen (15) consecutive Business Days throughout and at the end of which (x) Buyer shall have all of the Required Information and (y) all Required Information shall be Compliant; provided, however, that, (1) the Marketing Period shall commence no earlier than February 24, 2020 and (2) the Marketing Period shall not be deemed to have commenced if prior to the completion of the Marketing Period, (a) Ernst & Young LLP shall have withdrawn its audit opinion with respect to any of the audited financial statements included in the Required Information, in which case the Marketing Period may not commence unless and until a new unqualified audit opinion is issued with respect to such audited consolidated financial statements included in the Required Information, by Ernst & Young LLP or another independent public accounting firm of recognized national standing reasonably approved by Buyer (such approval not to be unreasonably delayed or withheld) or (b) Seller’s or the Company’s board of directors (or audit committee thereof) shall have determined that a restatement of any financial statements included in the Required Information is required in accordance with GAAP, in which case such Marketing Period may not commence unless and until such restatement has been completed or Seller and the Group Companies have determined and confirmed in writing to Buyer that no such restatement is required in accordance with GAAP; provided, further, that in all circumstances the Marketing Period shall end on any earlier date that is the date on which the Financing is consummated and the proceeds thereof are received by Buyer. If Seller reasonably believes (in good faith) that it has provided all of the Required Information, it may deliver to Buyer a written notice to that effect (stating when it believes it completed such delivery), in which case Seller shall be deemed to have satisfied its requirements on the date specified in such notice and, subject to the provisos in the preceding sentence, the “Marketing Period” shall be deemed to have commenced on the date specified in such notice, unless Buyer reasonably believes (in good faith) that Seller has not completed the delivery of the Required Information and within forty-eight (48) hours after the delivery of such notice by Seller, Buyer delivers a written notice to Seller to that effect (stating with specificity which Required Information Seller has not yet delivered to satisfy its obligations) (it being understood and agreed that, subject to the provisos in the preceding sentence, the Marketing Period shall commence on the first (1st) Business Day following the date on which Seller delivers, or causes to be delivered, the Required Information specifically identified by Buyer in such notice).

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

  • Quarter means a calendar year quarter commencing on 1 January, 1 April, 1 July or 1 October.

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Half Year means the period from 1st January to 30th June in any year and the period from 1st July to 31st December in any year;

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;