Market Reduction definition

Market Reduction has the meaning set forth in Section 8.1.3 (Rate Step Down for Competing Product Entrants).
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Market Reduction has the meaning defined in Section 2.2.8 of this Schedule 7.1.
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Examples of Market Reduction in a sentence

  • No Advance shall be required to be made by a Lender if, after giving effect to each applicable Money Market Reduction in effect immediately prior to such Advance (and to the application of the proceeds of such Advance), the aggregate Advances of any Lender would exceed the amount permitted by the prior sentence.

  • With respect to any particular Product in the Territory, if in any Calendar Quarter there is a Market Reduction of such Product (based on prescription market data published by IMS Health, ▇▇▇▇▇-▇▇▇▇▇, or such other industry standard source as the Parties may agree), then the royalty rates which would otherwise apply to Net Sales of such Product during such Calendar Quarter will be reduced to *** percent (***%).

  • With respect to any particular Product in the Territory, if in any Calendar Quarter there is a Market Reduction of such Product (based on prescription market data published by IMS Health, ▇▇▇▇▇-▇▇▇▇▇, or such other industry standard source as the Parties may agree), then the royalty rates which would otherwise apply to Net Sales of such Product during such Calendar Quarter will be reduced to [...***...] percent ([…***…]%).

  • In that example the following royalties would be payable prior to application of any Market Reduction: Assume that in country X during the first *** a Competing Product had commenced sales in country X, and in the first Calendar Quarter of *** achieved the criteria to trigger a Market Reduction under Section 8.2.3 (Rate Step Down for Competing Product Entrants).

  • Promptly after receipt by the Agent of the notice of acceptance from the Borrowers pursuant to this subsection (f), the Agent will notify each Lender of the amount of the Money Market Borrowing and the amount of the consequent pro rata Money Market Reduction in its Commitment and the dates upon which such Money Market Reduction commenced and will terminate.

Related to Market Reduction

  • Commitment Reduction Notice has the meaning given that term in Section 2.13.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Relief Act Reduction With respect to any Mortgage Loan as to which there has been a reduction in the amount of the interest collectible thereon as a result of the application of the Servicemembers Civil Relief Act, any amount by which interest collectible on such Mortgage Loan for the Due Date in the related Due Period is less than the interest accrued thereon for the applicable one-month period at the Mortgage Interest Rate without giving effect to such reduction.