Launch Year means a period of a variable number of months commencing on the first day of the month following the initial invoicing of Product which has been commercially manufactured by DPT in accordance with the terms and conditions of this Agreement and ending on December 31 of the year of the initial invoicing.
Launch Year means the period commencing on the date of First Commercial Sale and expiring on the last day of the month that is the twelfth (12th) month following the date in which the First Commercial Sale occurs. For example, if the First Commercial Sale occurs on March 15 of any year, the Launch Year shall commence on March 15 of such year and expire on March 31 of the following year.
Launch Year means each succeeding twelve (12) month period commencing with Launch and ending on the date that is the anniversary of the Launch.
Examples of Launch Year in a sentence
The initial term of this Agreement shall commence on the Effective Date hereof and will continue until December 31 of the fifth (5th) calendar year following the Launch Year, unless sooner terminated pursuant to paragraph 4.2 below.
Launch Year and each year thereafter: One hundred thousand dollars ($100,000).
Contemporaneously with the delivery of the applicable quarterly report, Alliqua shall pay in Dollars all amounts due to CCT pursuant to Section 7.3(a) with respect to Net Sales by Alliqua and its Affiliates for such Launch Year Quarter.
Alliqua shall pay to CCT each such amount within forty-five (45) days following the end of such Launch Year in which achievement of the applicable Milestone Event occurred.
Alliqua shall pay to CCT each Annual License Fee for each Launch Year in arrears with each such amount due and payable forty-five (45) days following the end of such Launch Year.
More Definitions of Launch Year
Launch Year means the year of the first commercial sale of a LICENSED PRODUCT in the U.S., EU or Japan.
Launch Year means, for each of Biovance and ECMs, (i) with respect to the first Launch Year, the 12-month period beginning on the first day of the calendar month immediately preceding the first anniversary of the First Commercial Sale of a Licensed Product and (ii) with respect to any subsequent Launch Year, the 12-month period beginning on the first day of the relevant anniversary of the first Launch Year. Solely by way of example, if the First Commercial Sale occurs on April 15, 2014, the first Launch Year shall commence on April 1, 2014 and each subsequent Launch Year shall commence on April 1 of each subsequent year.
Launch Year means a period of twelve (12) months commencing on January 1, 2018 and ending on December 31, 2018.
Launch Year means the period commencing on the first day following DPT’s delivery of the initial invoice for Product to COMPANY and ending on December 31 of such calendar year.
Launch Year means, for Biovance, (i) with respect to the first Launch Year, the 12-month period beginning on the first day of the calendar month immediately preceding the first anniversary of the First Commercial Sale of Biovance and (ii) with respect to any subsequent Launch Year, the 12-month period beginning on the first day of the relevant anniversary of the first Launch Year. With respect to the Tissue Matrixes, “Launch Year” means (i) with respect to the first Launch Year, the 12-month period beginning on the first day of the calendar month immediately preceding the first anniversary of the First Commercial Sale of a Tissue Matrix, and (ii) with respect to any subsequent Launch Year, the 12-month period beginning on the first day of the relevant anniversary of the first Launch Year. Solely by way of example, if the First Commercial Sale occurs on April 15, 2014, the first Launch Year shall commence on April 1, 2014 and each subsequent Launch Year shall commence on April 1 of each subsequent year.
Launch Year means a consecutive twelve-month period beginning on the date of the first commercial sale of the Product following approval of the NDA, or on a subsequent anniversary of that date. “Net Sales” shall mean the aggregate gross sales of the Product by Amarin and its Affiliates (other than sales among Amarin and its Affiliates) determined in accordance with UK generally accepted accounting principles, consistently applied (“GAAP”), less the following as specifically incurred for the Product: cash, trade or quantity discounts; sales, use, tariff, or other excise taxes imposed upon particular sales; transportation charges; and other credits or allowances, including those granted on account of prices, adjustments, wholesaler chargebacks, returns or rebates, if any are incurred or granted. In connection with all amounts based upon Net Sales payable to Elan pursuant to this Agreement, upon Elan’s request Amarin shall provide documentation supporting any of the deductions to Net Sales set forth above. Any other sales or transfers among Amarin or Amarin Affiliates shall not be included in the definition of Net Sales. In such cases Net Sales shall be determined based on the invoiced sale price by the Affiliate to the first third party trade purchaser, less the deductions allowed under this definition. Deductions to arrive at Net Sales shall be determined in accordance with GAAP. Elan shall have the right, upon reasonable advance written notice to Amarin and during regular business hours, to inspect the records of Amarin relating to the calculation of Net Sales hereunder. Such inspection shall be conducted by an independent third party auditor chosen by Elan and reasonably acceptable to Amarin. Such inspection shall be at Elan’s cost, unless a discrepency in payment of more than 5% is found, in which case, it shall be at Amarin’s cost. The parties shall reconcile any discrepancy found within 30 days of receipt of the report of the auditor. Elan’s audit right, as described, shall survive any expiration or termination of this Agreement, such that Elan’s right shall survive one (1) year beyond payment by Amarin of the final payment to Elan owed hereunder.
Launch Year means a period of twelve (12) months commencing on January 1, 2018 and ending on December 31, 2018. “Manufacturing Fee” means the fee paid by Company to DPT for services required to manufacture, test, release, and package and label Product. The Manufacturing Fee is quoted in single final Product unit increments (e.g., by the bottle or tube). The Manufacturing Fee shall cover all services for incoming inspection of Components, materials and API, compounding of bulk Product, packaging Product, testing Product for release, making Product ready for shipment, and minimum Product documentation (one copy of Certificate of Analysis, executed Batch records, Certificate of Compliance, BSE/TSE and any other documentation as specified in the QA Agreement) and are stated in Schedule A. The Manufacturing Fee does not include, without limitation, any Technical and Development Services support, package engineering studies, validation support, FDA audit support, extraordinary reporting requirements, or additional laboratory testing performed by an outside testing laboratory or testing beyond that required in the Specifications. These services are in addition to the Manufacturing Fee and shall be billed by the hour at DPT’s then-prevailing Technical and Development Hourly Rate in accordance with Section X. In addition, the Manufacturing Fee does not include warehousing of Product except as otherwise specifically provided in this Agreement, any materials costs or costs associated with establishing or manufacturing new materials such as art charges, die costs, plate costs, and packaging equipment change parts. “Materials Fee” is quoted in single Finished Product unit increments and is defined as DPT’s Standard Cost plus a mark-up of [* * *] for overhead and administration costs. Items that are included as a Materials Fee are stated in Schedule A. Materials Fee does not include, without limitation, costs associated with establishing, testing or manufacturing new Components or new materials such as reference standards, reagents, art charges, die costs, mold or tooling costs, plate costs or packaging equipment change parts. The parties agree that these excluded costs, if any, incurred by DPT with Company’s prior written authorization will be invoiced to Company at DPT’s reasonable, direct and actual cost on a net thirty (30) basis, and Company agrees to reimburse DPT for any such costs incurred on Company’s behalf. “Manufacturing Process” means the process developed under the Re...