Examples of Milestone Termination Date in a sentence
The Second Net Sales Milestone Payment shall be payable one time only and shall be payable only if the Second Net Sales Milestone is achieved prior to the Milestone Termination Date.
The Third Net Sales Milestone Payment shall be payable one time only and shall be payable only if the Third Net Sales Milestone is achieved prior to the Milestone Termination Date.
Until the first Calendar Quarter following the Calendar Quarter in which the Milestone Termination Date occurs, Buyer shall provide Seller, on a quarterly basis, not later than [***] days after the end of each Calendar Quarter, the quarterly Net Sales Reports, as provided in Section 5.14.3. Buyer’s inspection and audit rights with respect to the Milestone Information and Net Sales Reports are set forth in Section 5.14.3.
The Fourth Net Sales Milestone Payment shall be payable one time only and shall be payable only if the Fourth Net Sales Milestone is achieved prior to the Milestone Termination Date.
To the extent that any portion of the Sales Milestone, Growth Milestone or Licensing Milestone are not earned by the Revenue Milestone Termination Date, such unearned Milestone Payments or portions thereof shall be forfeited and retained permanently by Parent.
The Sixth Net Sales Milestone Payment shall be payable one time only and shall be payable only if the Sixth Net Sales Milestone is achieved prior to the Milestone Termination Date.
Notwithstanding clause (f) above, Seller shall not, and it shall cause its Affiliates not to, market, sell, distribute or otherwise commercialize in the Buyer Territory a version of the Product that is available for use by humans on a non-prescription basis prior to the later of (x) the last to expire of the Valid Claims covering the Product under the Licensed Patents and (y) the Milestone Termination Date.
Any extension of a Milestone Termination Date under this Section 2.6(e) shall not be effective if an extension to the applicable Milestone Termination Date has already been effected pursuant to Section 2.6(b)(ii).
The Fifth Net Sales Milestone Payment shall be payable one time only and shall be payable only if the Fifth Net Sales Milestone is achieved prior to the Milestone Termination Date.
For the avoidance of doubt, the Sales Milestone may only be earned, if at all, one time and no payment of the amount associated with the occurrence of the Sales Milestone will be made based on any sales of Catheter Heart Valve Systems that are recognized after the Revenue Milestone Termination Date.