Initial Supply Term definition

Initial Supply Term has the meaning given in Article 10.7.
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Initial Supply Term has the meaning set forth in Section 3.3(a).
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Initial Supply Term shall have the meaning set forth in Section 12.1.
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Examples of Initial Supply Term in a sentence

  • Thereafter, the Initial Supply Term shall automatically be extended for successive twelve (12) month periods (each, an “Additional Supply Term”), unless either Party gives to the other Party not less than [*] written notice of termination prior to the expiration of the Initial Supply Term, or any Additional Supply Term, of this Agreement.

  • Section 5.1 The term of the Agreement will commence as of the Effective Date and, unless earlier terminated pursuant to this Article 5, shall continue until the expiration of the Initial Supply Term (“Agreement Term”).

  • Upon request of GSK during the Initial Supply Term, Santarus will provide GSK redacted copies of its agreements with Authorized Manufacturers of PR Products supplied to GSK as part of the Initial Supply.

  • Upon expiration of the Initial Supply Term, Aimmune shall have the option to renew the Agreement for an additional term of five (5) years by written notice to Supplier provided no less than 6 months prior to the expiration of the Initial Supply Term (the “Renewal Term”), in which case the Agreement Term shall continue until expiration of the Renewal Term, unless earlier terminated pursuant to this Article 5.

  • Santarus shall have no obligation to supply PR Products to GSK after the end of the Initial Supply Term.

  • The Agreement shall expire at the end of the Initial Supply Term unless a further Work Order is agreed by the Parties before the end of the Initial Supply Term in which case this Agreement shall not expire until the effective date of termination (howsoever caused) or expiry of all Orders under this Agreement and/or as may be otherwise agreed between the Parties (the “Extended Supply Term”).

  • Except for and to the extent of any unexpected increases in Santarus’ Manufacturing Cost or its internal costs in supplying PR Product to GSK, the Transfer Price shall be fixed for the first [***] of the Initial Supply Term.

  • At the end of the Initial Supply Term (and each Subsequent Supply Term) this Contract will, subject to clause 3.1(c), be automatically extended for a period of 5 years (such 5 year period being a Subsequent Supply Term).

  • Authorized Manufacturer as set forth in Section 5.3, and (ii) twelve (12) months from the Effective Date; provided, however, that the Parties shall discuss in good faith extending the Initial Supply Term for up to six (6) months in the event that GSK has not entered into an agreement with an Authorized Manufacturer for PR Product as set forth in Section 5.3 within twelve (12) months after the Effective Date, despite using Commercially Reasonable Efforts to do so.

  • For the Initial Supply Term, MDCO shall order at least [**] percent ([**]%) of its requirements for sale of Product in the Territory from APP and APP shall use Commercially Reasonable Efforts to supply MDCO all such amounts ordered (pro-rata for any non-full Year during the Initial Supply Term).


More Definitions of Initial Supply Term

Initial Supply Term means the time period commencing upon the First Delivery Date and continuing in effect for a period of five (5) years.
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Initial Supply Term means the period starting on the first date that all Regulatory Authorities approve MDCO to market Product in the Territory that is manufactured by APP at the Manufacture Site and ending on June 15, 2015;
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Initial Supply Term means the time period commencing upon the First Delivery Date and continuing in effect for a period of ten (10) years.
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Initial Supply Term means the period ending on the earlier of (i) the date that GSK receives shipment of PR Products from an Authorized Manufacturer pursuant to an agreement agreed between GSK and such *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Authorized Manufacturer as set forth in Section 5.3, and (ii) twelve (12) months from the Effective Date; provided, however, that the Parties shall discuss in good faith extending the Initial Supply Term for up to six (6) months in the event that GSK has not entered into an agreement with an Authorized Manufacturer for PR Product as set forth in Section 5.3 within twelve (12) months after the Effective Date, despite using Commercially Reasonable Efforts to do so. Santarus shall have no obligation to supply PR Products to GSK after the end of the Initial Supply Term. For clarity, after the end of the Initial Supply Term, GSK shall be responsible for obtaining its requirements for PR Products for the Territory from the Authorized Manufacturer, and Santarus shall have no liability with respect to such Authorized Manufacturer’s performance or breach of the agreement between GSK and such Authorized Manufacturer.
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Related to Initial Supply Term

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Initial Sale is defined in the recitals of this Agreement.

  • Supply Period means the period commencing on the Supply Period Start Date and terminating on the Termination Date.

  • Order Form Term means the duration of an Order Form.

  • Initial Subscription Term the initial term of Your Subscription as agreed in the Order which commences on the date of acceptance of the Order or as otherwise agreed to by the parties.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Research Term has the meaning set forth in Section 3.2.

  • License Term means the duration of a License as specified in the Order.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Research Program Term has the meaning set forth in Section 2.2.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Development Phase means the period before a vehicle type is type approved.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.

  • Marketing Period means fifteen (15) consecutive Business Days after the date on which both the Required Marigold Vote and Required Montage Vote have been received (a) commencing on the date Montage shall have received the Required Financial Information, all of which is Compliant, provided, that, if Marigold shall in good faith reasonably believe it has provided the Required Financial Information, it may deliver to Montage a written notice to that effect (stating when it believes it has completed such delivery), in which case Marigold shall be deemed to have complied with its obligation to provide the Required Financial Information on the date of delivery of such notice, unless Montage in good faith reasonably believes Marigold has not completed the delivery of the Required Financial Information and within three (3) Business Days after the delivery of such notice by Marigold, delivers a written notice to Marigold to that effect (stating with specificity which Required Financial Information Marigold has not delivered), and (b) throughout which nothing has occurred and no condition exists that would cause any of the conditions set forth in Section 7.1 and Section 7.2 to fail to be satisfied, assuming the Closing were to be scheduled for any time during such fifteen (15) Business Day period; provided, however, that (i) the Marketing Period shall end on any earlier date on which the Transaction Financing is consummated and Montage shall have obtained all of the proceeds contemplated thereby, (ii) the Marketing Period shall not be deemed to have commenced if, prior to the completion of such fifteen (15) Business Day period, (A) Deloitte & Touche LLP shall have withdrawn its audit opinion with respect to any year end audited financial statements set forth in the Required Financial Information, in which case the Marketing Period shall be deemed not to commence unless and until a new unqualified audit opinion is issued with respect to such year end audited financial statements by Deloitte & Touche LLP or another independent registered accounting firm reasonably acceptable to Montage, (B) Marigold shall have publicly announced, or the Marigold Board shall have determined, that a restatement of any material financial information included in the Required Financial Information is required, in which case the Marketing Period shall be deemed not to commence unless and until such restatement has been completed and the applicable Required Financial Information has been amended to reflect such restatement or Marigold has determined that no restatement shall be required or (C) the Required Financial Information is not Compliant (it being understood, for the avoidance of doubt, that if at any time during the Marketing Period the Required Financial Information provided on the first day of the Marketing Period ceases to be Compliant, then the Marketing Period shall be deemed not to have commenced) and (iii) (x) November 25, 2016 shall not be deemed to be a Business Day for purposes of calculating such fifteen (15) consecutive Business Days period and (y) such period (1) shall commence no earlier than January 4, 2016, (2) shall either have been completed prior to August 19, 2016 or shall not commence until September 7, 2016 and (3) shall either have been completed prior to December 21, 2016 or shall not commence until January 2, 2017.

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

  • (3) PROGRAM.—The term program’ means

  • Commercial Sale means the sale of Product (as indicated by shipment of Product) to an unaffiliated third-party of the Licensee, or of its sublicensee or distribution partner, such as a wholesaler, managed care organization, hospital or pharmacy and shall exclude (i) any transfer of Product by Licensee to its sublicensee, distribution partner or Affiliate and (ii) any distribution of Product for use in research, development, pre-clinical and clinical trials.

  • Basic gas supply service means gas supply service that is

  • Shipment Date , in relation to a mineral, means —

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • 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.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Option Period means the period during which an Option may be exercised.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.