Net Sales Milestone definition

Net Sales Milestone means cumulative worldwide Net Sales of any or all Acquired Product(s) of USD$500.0 million.

Net Sales Milestone has the meaning set forth in Section 2.9(c).

Net Sales Milestone means the achievement of aggregate worldwide Net Sales in excess of $3,700,000,000 during the 2028 Measurement Period or, solely in the event that such aggregate worldwide Net Sales is not achieved during the 2028 Measurement Period, during any other period of four consecutive Fiscal Quarters within the 2028–29 Measurement Period.

Examples of Net Sales Milestone in a sentence

• For a period of six (6) years after the Contract Quarter to which the records pertain, Licensee agrees that it and its Affiliates and Sublicensees will each keep complete and accurate records of their Sales, Net Sales, Milestone Fees, and Non-Royalty Sublicensing Consideration in sufficient detail to enable such payments to be determined and audited.

• In the event that in a given Calendar Year more than one Annual Net Sales Milestone Threshold is exceeded, Adapt shall pay to Lightlake a separate Annual Net Sales-Based Milestone Payment with respect to each Annual Net Sales Milestone Threshold that is exceeded in such Calendar Year.

• TRIBUTE shall maintain, and shall require its Affiliates, distributors and licensees to maintain, books and records which accurately reflect the sales, costs and other figures needed to calculate and confirm the Net Sales, Milestone payments and Royalty payments, including but not limited to the number of units sold, for a period of 5 years after the end of the period to which they relate.

• Parent shall, and shall cause its controlled Affiliates and any other Selling Entity to, use Diligent Efforts to achieve the Third Net Sales Milestone as promptly as practicable prior to the Net Sales Milestone Payment Termination Date.

• If annual Net Sales in a given Calendar Year exceed more than one (1) applicable threshold, then all corresponding Net Sales Milestone Payments shall be payable.

More Definitions of Net Sales Milestone

Net Sales Milestone means, the First Net Sales Milestone, the Second Net Sales Milestone or the Third Net Sales Milestone.

Net Sales Milestone means each of $100,000,000, $200,000,000 and $500,000,000.

Net Sales Milestone means the first achievement of Net Sales in the United States in any Sales Measurement Period during the Sales Milestone Period that is equal to or exceeds $100,000,000.

Net Sales Milestone means the Net Sales 1 Milestone, the Net Sales 2 Milestone or the Net Sales 3 Milestone.

Net Sales Milestone means the first achievement of Net Sales of at least $250,000,000 during any period of four consecutive Calendar Quarters ending on or prior to December 31, 2026.

Net Sales Milestone means any of the Xxxxx 0 Xxxxxxxxx, Xxxxx 0 Xxxxxxxxx, Xxxxx 3 Milestone, Level 4 Milestone or Level 5 Milestone.

Net Sales Milestone shall have the meaning provided in EXHIBIT D.