Original Territory definition

Original Territory means Maine, New Hampshire, and Vermont.
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Original Territory means each of the following countries: (i) Canada, (ii) Barbados, (iii) Israel, (iv) Mexico, (v) Nassau, The Bahamas, (vi) St. Barthelemy, (vii) St. Xxxxxx, (viii) Turks and Caicos and (ix) the United States of America (including the U.S. Virgin Islands).
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Original Territory means the United States and Canada and the territories and possessions of each of the foregoing countries.
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Examples of Original Territory in a sentence

  • To the extent that a Software Title qualifies as a Simship Title, the applicable royalty tier (under Section 1.b of this Exhibit 1 above) and Unit Discount (under Section 1.d of this Exhibit 1 above) is determined as if all FPUs of such Software Title manufactured for distribution in both the Original Territory and the Simship Territory were manufactured for distribution in the Original Territory.

  • For example, if aggregate Net Sales of a Product for the Licensed Indication throughout the Gilead Original Territory were equal to [*] Dollars ([*]) in a calendar year, and no offsets or reductions described in Sections 8.3(g), (h) or (i) are applicable, then the royalty payable to JT hereunder for such total Net Sales would be equal to ([*]) plus ([*]) plus ([*]), for a total royalty of [*] Dollars ([*]).

  • The Parties agree that the royalty payments calculated as a percentage of Net Sales in the Gilead Original Territory (plus the license fee and the cost reimbursements provided for elsewhere herein) provide fair compensation to JT for these additional benefits.

  • Such value is significant and in addition to the value of JT’s grant to Gilead of a patent license pursuant to Section 6.1, as it enables the rapid and effective market introduction of the Products for the Licensed Indication in the Gilead Original Territory.

  • Upon request by Gilead, the Parties will in good faith discuss whether an adjustment to the royalty applicable on Net Sales made by Sublicensees outside the [*] in the Gilead Original Territory is appropriate, and if the Parties agree in writing to any adjustment, the royalty rate pursuant to Section 8.3(a) for such sales will reflect such adjustment.


More Definitions of Original Territory

Original Territory means North America.
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Original Territory means anywhere in the world except the United States, its territories and possessions, the District of Columbia, the Commonwealth of Puerto Rico, the Canadian Territory, and the European Territory.
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Original Territory means Canada and the U.S.
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Original Territory means that certain real property more particularly described on Exhibit D attached hereto.
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Original Territory means the EU, European countries outside EU, CIS and Turkey;
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Original Territory means Maine, New Hampshire, and Vermont. “Extended Territory” means Delaware, Maine, New Hampshire, RhodeIsland, and Vermont. The grant of the license 2.1 Grant of License. By signing this Agreement, the Licensor grants the Licensee an exclusive license to manufacture and sell Licensed Products, during the Term, in the Original Territory. However, if the Licensee’s sales for the first year of the Term exceed $7 million, this exclusive license is with respect to the Extended Territory for the second and third years of the Term. Licensee’s lawyer: Thanks for getting us the draft of the contract so quickly. We really appreciate the turnaround time. I have a couple of points that I’d like to talk through with you with respect to the grant of the license and its exclusivity. The first point is fairly basic. In the grant, the contract uses the word “sales.” That, of course, is an accounting term and on its own is too vague. I suggest that the finance people get together and work out a definition. I think that could eliminate problems down the road. Licensor’s lawyer: Absolutely. Good suggestion. What else is on your list? Licensee’s lawyer: As you know, exclusivity is very important for us. Without it, we can’t fully exploit the license. We wouldn’t be going into this deal if we had to compete with another company to sell Licensed Products in the territory. Licensor’s lawyer: Absolutely. That’s the business deal. What if we give you a rep and warranty that we haven’t granted any licenses to any person in the Original Territory? Licensee’s lawyer: That’s fine, but does that mean that you have granted licenses in the Extended Territory? Licensor’s lawyer: Well, in State D, there is a license. But it shouldn’t present a problem if your client meets the $7 million threshold because it terminates at the same time as the end of year one of the Term.Licensee’s lawyer: What about State E? Licensor’s lawyer: No existing license. Licensee’s lawyer: Ok. We’d like the agreement to reflect all that information. Can we get reps and warranties on all that? Licensor’s lawyer: Not a problem. What about the following language? My speedy, well-trained associate drafted it as we were talking. 2.2 Other Licenses Granted.
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Original Territory means North America, United Kingdom, France, Germany, Spain, Italy and Israel.
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