Minimum Net Sales definition

Minimum Net Sales means the minimum amount of Net Sales of Products that LICENSEE is required to achieve, and as set forth in Exhibit J attached hereto.
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Minimum Net Sales means the Minimum Net Sales specified on Exhibit D which Licensee is required to maintain in each country there listed.
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Minimum Net Sales shall have that meaning set forth in Paragraph 3.7 below.
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Examples of Minimum Net Sales in a sentence

  • If the parties reach agreement to adjust the Minimum Net Sales, such adjustment shall be effective as of the first day of the Year in which USL gave notice to renegotiate under this Section.

  • If they are unable to reach agreement to adjust the Minimum Net Sales during that time period, then USL may at any time within ninety (90) days after expiration of the ninety-day negotiation period give Orion written notice of termination which will be effective ninety (90) days following the date of the notice of termination.

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  • Upon such notice from USL, Orion shall (within thirty (30) days) give USL written notice indicating either that it is willing to renegotiate the Minimum Net Sales, or that it does not wish to do so.

  • Any Minimum Net Sales Requirements set forth in Schedule D and promotional commitments in Section 3.1 shall be held in abeyance during such time as said Recall materially interferes with the Wholesalers’ ability to fulfill its customers’ orders, provided that such interruption shall not be deemed to occur so long as Distributor holds one week or more of saleable inventory.


More Definitions of Minimum Net Sales

Minimum Net Sales means the minimum amount of Net Sales of Licensed Products for the related Annual Period specified in Section 4(e) hereof.
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Minimum Net Sales means, with respect to each fiscal quarter end where the covenant in Section 10.02 is tested, the amount set forth opposite such date on Schedule 10 under the caption “Minimum Net Sales”.
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Minimum Net Sales for any Contract Year shall have the meaning as defined in “Exhibit E”.
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Minimum Net Sales shall have the meaning ascribed to that term in Section 5.3 hereof.
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Minimum Net Sales for any Contract Year shall mean [****] of Licensed Product [****] (in respect of all of which Licensor expects to receive the Royalty payment stipulated in this Agreement) excluding [****]. Minimum Net Sales calculations in the [****] shall not include the first fiscal quarter after RedHill Launch Date [****].
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Minimum Net Sales for any period shall mean the amount identified as the minimum Net Sales for such period in Exhibit "B" to this Agreement.
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Minimum Net Sales in any Contract Year shall mean the amount specified as the Minimum Net Sales as set forth in Exhibit "C" to this Agreement.
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