Initial Supply Period definition
Examples of Initial Supply Period in a sentence
Furthermore, Roka acknowledges and agrees that the Panther Instruments are in the early stages of commercialization and that as a result Gen-Probe may not be able to deliver the Panther Instruments to Roka on a timely basis during the Initial Supply Period.
Such mutually acceptable Cost of Goods estimate shall be used to calculate the initial supply price(s) of any quantity(ies) of Clinical Material for which Biocon is obligated to make payment (i.e., quantities of Clinical Material other than those to be supplied at no cost to Equillium pursuant to Section 6.1(a)) during the Initial Supply Period (the “Initial Supply Price(s)”).
Notwithstanding the foregoing, the parties recognize that forecasting and manufacturing for and during the first twelve months of supply hereunder (the “Initial Supply Period”) will be difficult and that actual experience may vary significantly from any Forecast, and the parties agree to work together to address the manufacture and supply of Panther Instruments, and to use Commercially Reasonable Efforts to satisfy the market demand for such Panther Instruments, during the Initial Supply Period.
The JSC shall meet to discuss such Cost of Goods estimate and any questions or concerns Equillium may have regarding such estimate and cooperate in good faith to arrive at a mutually acceptable Cost of Goods estimate for Clinical Material for the Initial Supply Period within […***…] after Equillium’s receipt of such Cost of Goods estimate from Biocon.
If the aggregate Initial Supply Price(s) paid by Equillium for all Clinical Material supplied by Biocon to Equillium on the terms set forth in Section 6.1(b) and/or 6.1(c) during the Initial Supply Period is […***…] than the amount that would have been payable had the supply price(s) of such Clinical Material been calculated using the Initial Actual Cost of Goods, then […***…].