Government Rebates definition
Examples of Government Rebates in a sentence
Reliant shall pay any Medicaid Government Rebates due or payable with respect to Product sold under Reliant’s NDC number.
On a monthly basis, Depomed shall report to Santarus in writing any Product rebates processed by it for which Depomed is financially responsible pursuant to Section 9.3(b) that are applied to the Depomed Government Rebates Reserve.
With respect to Product sold by the Purchaser after the Closing Date under Reliant’s NDC number, the Purchaser shall reimburse Reliant, within thirty (30) days of receipt of an invoice therefor, all Medicaid Government Rebates due or payable with respect to such product sold by the Purchaser.
Within ten (10) days after the First Sales Booking Date, Depomed shall provide to Santarus Depomed’s estimate of the Depomed Commercial Rebates Reserve, Depomed Government Rebates Reserve, Depomed Chargebacks Reserve, Depomed Patient Discount Reserve and the Depomed Returns Reserve and Depomed’s analyses in support of each of those items.
Within seventeen (17) days after the First Sales Booking Date, Depomed shall provide to Santarus Depomed’s analyses in support of Depomed’s final determination of the Depomed Commercial Rebates Reserve, Depomed Government Rebates Reserve, Depomed Chargebacks Reserve, Depomed Patient Discount Reserve and the Depomed Returns Reserve.
Within ten (10) days after the Effective Date, Depomed shall provide to Santarus Depomed’s estimate of the Depomed Commercial Rebates Reserve, Depomed Government Rebates Reserve, Depomed Chargebacks Reserve, Depomed Patient Discount Reserve and the Depomed Returns Reserve, and, assuming the Effective Date were the business day immediately preceding the First Sales Booking Date, Depomed’s analyses in support of each of those items.
From and after determination of the amount payable to Santarus pursuant to the immediately preceding sentence, for purposes of this Agreement, the Depomed Government Rebates Reserve shall be zero.
The Purchaser shall pay any Medicaid Government Rebates due or payable with respect to Product sold under the Purchaser’s NDC number.
Seller acknowledges that Purchaser will require certain information from Seller to meet its obligations with regard to pricing and calculating Government Rebates.
The Parties acknowledge that the request for such payments is submitted to the NDC holder of the Product and, as such, Vernalis will receive, process and pay Government Rebates on all Product bearing the Elan NDC and shall within 30 days of payment, submit to Endo an invoice for the amounts of any Government Rebates made on Product sold after the Closing Date.