Product Sale definition

Product Sale means (i) any sale or transfer (whether through an asset sale, sale of equity interests or merger) of all or substantially all of the Buyer’s and its Subsidiaries’ right, title and interest in and to any MRT Compound, MRT Product or any other material portion of any Transferred Intellectual Property or Derived Patents to a third party (other than a wholly-owned Subsidiary of the Buyer), through one or more transactions or series of transactions, or (ii) any exclusive license of all or substantially all of the Buyer’s and its Subsidiaries’ right, title and interest in and to any MRT Compound, MRT Product or any other material portion of any Transferred Intellectual Property or Derived Patents to a third party (other than a wholly-owned Subsidiary of the Buyer), through one or more transactions or series of transactions, if such license is granted on or before the first anniversary of the consummation of the Buyer’s first underwritten public offering of its common stock under the Securities Act of 1933, as amended (it being understood that if, following the consummation of any sale, transfer or license of any MRT Compound, MRT Product, Transferred Intellectual Property or Derived Patents, Buyer and its Subsidiaries retain all rights under Transferred Intellectual Property and Derived Patents as necessary to develop and commercialize worldwide other material MRT Compounds or MRT Products that are directed to a material number of drug targets or Indications, then, such sale, transfer or license shall not constitute a Product Sale under this Agreement); provided, that, for the avoidance of doubt and notwithstanding anything herein to the contrary, Buyer acknowledges and agrees that any sale, transfer or exclusive license granting any third party (other than a wholly-owned Subsidiary of the Buyer) any right to develop or commercialize any CFTR MRT Product shall automatically constitute a Product Sale under this Agreement.

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Product Sale means any sale, conveyance, transfer, license or other disposition of all or substantially all of the Buyer’s and its Affiliates’ right, title and interest in and to any Product, to a third party, through one or more transactions or series of transactions (including any exclusive license, asset sale, sale of equity interests, merger or otherwise).

Product Sale means the sale of any PROMOTER authorized product, merchandise, consumer material or good, which is made by or on behalf of PROMOTER.

Examples of Product Sale in a sentence

With respect to each month, the aggregate monthly value of the Product Sale Fees (the “Aggregate Monthly Product Sales Fee”) shall be calculated pursuant to Schedule C and shall be due and payable from the Company to ▇▇▇▇ as specified in Schedule C.
If the Seller does not request removal of all of the Products in its possession, those Products remaining in the Seller’s stock on hand will be deemed sold to the Seller pursuant to a Product Sale, and the Seller shall remit payment to the Consignor according to the terms of section 6.
If the Products are damaged or lost while in the Seller's physical possession, a Product Sale will be deemed to have occurred and the Seller shall reimburse the Consignor the amount of the damaged or lost Products' respective Retail Prices, less the Seller's Commission.
In the event that the Intellectual Property is used alone or in conjunction with the intellectual property of Other PROMOTER Talent via a Product Sale, WRESTLER shall be paid a portion of the Products' Net Receipts (or a portion of a pool thereof established for the WRESTLER and all Other Promoter Talent) received by PROMOTER with respect to the Product Sale which portion shall be established from time to time by PROMOTER and be generally consistent with other of its top talent.
For each Product Sale, eCost shall pay AF Services within two (2) business days after receipt of shipment confirmation of the applicable Product.

More Definitions of Product Sale

Product Sale means a divesting sale or other disposition of all or substantially all of the rights to Company Products (other than a Rights Transfer Event) during the Earnout Period by Buyer or its Affiliates to a Third Party; provided, that a Product Sale shall not include a sale or disposition of all or substantially all the assets of Buyer (whether by merger, sale of stock, sale of assets or otherwise).

Product Sale has occurred if before the end of its Consignment Period a Product is:

Product Sale means any sale (other than in connection with an Exit (as such term is defined in the Investment Documents)) of all of the Buyer’s rights to develop, market and sell a Product.

Product Sale means offering for sale and selling a Product as indicated in the Products and Services Schedule, subject to these General Terms and Conditions and those terms and conditions set out in the Product Sales Appendix. “Product Sales Appendix” means Appendix A to these General Terms and Conditions applicable to Product Sales.

Product Sale means the sale of any PROMOTER authorized product, merchandise, consumer material or good, which is made by or on behalf of PROMOTER. “Other PROMOTER Talent” shall mean a professional wrestler who has an agreement with PROMOTER and to whom PROMOTER is obligated to pay royalties.

Product Sale has occurred if before the end of its Consignment Period a Product is: sold by the Seller; removed, withdrawn, lost, or stolen from the Seller’s stock on hand; damaged or destroyed while in the Seller’s possession; or otherwise not physically present in the Seller’s stock on hand.

Product Sale means any transaction through a Kanakaris Web Site generating revenue based on the subscribing, sellin▇, ▇▇▇▇▇▇g or downloading of a product or service (other than a Book) identified in a Book published, displayed or viewed on a Kanakaris Web Site.