Minimum Sales Target definition

Minimum Sales Target means in relation to each Year, the aggregate minimum sales value of Products to be ordered by the Distributor from the Supplier specified in the Commercial Terms (if applicable) or otherwise agreed in writing between the Parties.

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Minimum Sales Target has the meaning set out in Clause 8.4 and Exhibit A.

Minimum Sales Target. Means the minimum sales target of the Joint Venture for a Financial Year as specified in Section 13.1;

Examples of Minimum Sales Target in a sentence

• If applicable, the Distributor shall place Orders consistent with achieving the Minimum Sales Target.

• The failure to achieve the Minimum Sales Target for any Year shall give the Supplier the right to terminate this Agreement in accordance with Clause 13.2(c) (Early termination with immediate effect and no notice).

• No portion of the Award relating to Company performance will be paid unless the Company achieves both its Minimum Sales Target and the Minimum Operating Margin Target.

• In the event that, at any time throughout the Term of the Agreement, ASTRAZENECA fails to achieve the annual Minimum Sales Target for two consecutive Calendar Years, then TP shall have a right to terminate the Agreement for convenience without further liability towards AstraZeneca.

• In light of the above, the Authorised Reseller undertakes to comply with the provisions on Minimum Sales Target as set forth in Exhibit A.

• Should NISSHA fails to meet the Minimum Sales Target in Year 3, NISSHA shall pay the total amount of the shortfall in Year 3 to APDN before October 31st, 2014.

• Hologic may terminate this Agreement by written notice following the end of any quarter period hereof on fifteen (15) days written notice if Distributor has not complied with its Minimum Sales Target for said quarter period, as specified in Exhibit B.

• Beginning six months after FDA Approval, if Distributor does not meet its Minimum Sales Target as specified in Exhibit B for any quarter period, the parties shall consult as to the reasons therefor, and for thirty (30) days following the end of such quarter, Hologic may terminate this Agreement for cause on sixty (60) days advance written notice.

• No portion of the Award relating to business unit performance will be paid unless the business unit achieves both its Minimum Sales Target and the Minimum Operating Margin Target.

• In particular, if the Agreement is terminated due to the breach of this Agreement by ASTRAZENECA, then TP shall be entitled to i) outstanding Royalty Fee due before the termination of the Agreement and ii) additional liquidated damages in an amount equivalent to the Royalty Fee as calculated on the basis of the Minimum Sales Target for the rest of effective Term of Agreement, which shall in no event be construed to restrict or prohibit TP from seeking for other equitable reliefs and remedies.

More Definitions of Minimum Sales Target

Minimum Sales Target means: (i) two-hundred thousand dollars ($200,000) in Net Sales during the Initial Term; (ii) four-hundred thousand dollars ($400,000) in Net Sales during the first Additional Term following the Initial Term; (iii) six-hundred thousand dollars ($600,000) in Net Sales during the second Additional Term following the Initial Term; (iv) eight-hundred thousand dollars ($800,000) in Net Sales during the third Additional Term following the Initial Term; and (iv) thereafter, one million dollars ($1,000,000) during each succeeding Additional Term.

Minimum Sales Target has the meaning set forth in Section 6.3 (Marketing Plans).