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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1

Examples of First Sales Year in a sentence

  • 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.

  • All retirements are assumed to occur at the end of each year.Sales and Survival ProfileThe Sales variable is used to specify the addition of new devices on and after the First Sales Year.

  • 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.

  • After the First Sales Year, the stock of devices is calculated according to LEAP’s stock turnover calculations, taking into account the future sales of new devices and the retirement of older devices, as well as any forced scrappage of devices.

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

  • None of the streams with proposed changes hold runs that are in peril.

  • 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.

  • 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, ACLARA will provide support and assistance to Roche for the development of miniaturized homogeneous assays for use on the Products ACLARA shall be compensated for such support and assistance through the Transfer Price as managed by an account ("Account") that will track the ordered Arteas 96 Product other than the Initial Order according to Transfer Prices set forth in Exhibit A.

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

Related to First Sales 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.

  • Annual Period has the meaning stated in Section 4.3(e).

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.