Net Sales Milestone Payment definition

Net Sales Milestone Payment shall have the meaning set forth in Section 9.3(a).
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Net Sales Milestone Payment has the meaning set forth in Section 3.1(c).
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Net Sales Milestone Payment means $1.00 per CVR, which shall become payable upon the occurrence of the Net Sales Milestone.
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Examples of Net Sales Milestone Payment in a sentence

  • 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.

  • In no event will the Net Sales Milestone Payment become payable on account of sales of the Product consummated after the Net Sales Milestone Payment Termination Date.

  • Annual Combined Worldwide Net Sales Milestone Payment in US Dollars Combined worldwide Net Sales of Licensed Products in [*] consecutive Calendar Quarters equals or exceeds [*] dollars ($[*]) [*] dollars ($[*]) Combined worldwide Net Sales of Licensed Products in [*] consecutive Calendar Quarters equals or exceeds [*] dollars ($[*]) [*] dollars ($[*]) The total amount payable under this Section 5.2(e)(ii) shall not exceed seventy-five million dollars ($75,000,000) in any event.

  • At such time as the cumulative Net Sales by Company and its Affiliates and Sublicensees over the term of this Agreement first reach the Net Sales sums set forth below, Company will pay to Licensor the following milestone payments: Cumulative Net Sales Milestone Payment US $[*] US $[*] US $[*] US $[*] US $[*] US $[*] Said payment shall be made within [*] ([*]) months after the end of the fiscal quarter of Company in which the cumulative Net Sales milestone was achieved.

  • In no event shall the total Net Sales Milestone Payment exceed $10,000,000.

  • Annual Net Sales Milestone Payment $[***] - $[***] $ [***] $[***] - $[***] $ [***] $[***] - $[***] $ [***] [***] $ [***] [***] = Portions of this exhibit have been omitted and filed separately with the Securities and Exchange Commission.

  • Threshold for Aggregate Annual Worldwide Net Sales Milestone Payment $[*] $[*] $[*] $[*] $[*] $[*] $[*] $[*] To the extent more than one sales threshold is reached in any given year, then the applicable milestone payment for each such achievement shall be due and owing with respect to such year.

  • The Net Sales Milestone Payment shall be paid within 90 days after the end of the calendar year in which such Net Sales Milestone Event is achieved.

  • Annual Product Net Sales Milestone Payment US $[***] US $[***] US $[***] US $[***] Said payment shall be made within ninety (90) days after the end of the calendar quarter in which the annual Net Sales milestone was achieved.

  • Each Net Sales Milestone Payment shall be paid within 45 days of the end of the calendar year in which the corresponding Net Sales Milestone Event is achieved.


More Definitions of Net Sales Milestone Payment

Net Sales Milestone Payment has the meaning set forth in Section 2.10(b).
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Net Sales Milestone Payment has the meaning set forth in Section 4.02(a).
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Related to Net Sales Milestone Payment

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Net Sales means [***].

  • Sublicense Revenue means [***].

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Sublicense Revenues means [***].

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Project Milestones means the project milestones set forth in Schedule-G;