Qualified Sublicensee definition

Qualified Sublicensee and “QUALIFIED ASSIGNEE” shall mean a pharmaceutical or biopharmaceutical that is a top [* * *] global company based upon annual sales of pharmaceutical or biopharmaceutical products.

Qualified Sublicensee means any Third Party that, at the time of the PIRS Sublicense Notice [***].

Qualified Sublicensee means any entity that is, or is an Affiliate of, either (i) one of the [********] largest biotechnology or pharmaceutical companies in the world, as measured by annual sales, or (ii) any other entity that has assets of at least $[********].

Examples of Qualified Sublicensee in a sentence

• Licensee shall ensure that each such Sublicensee is bound by a written agreement, and in the case of any such sublicense granted to a Qualified Sublicensee, that an executed copy of such agreement (as well as an executed copy of any subsequent material amendments thereto), shall be provided to Licensor promptly following the execution of each such agreement or amendment, [***].

• Subject to the terms and conditions hereof, for each calendar quarter during the Term of the License, the Licensee shall pay to the Licensor, on or prior to __ days after the end of such calendar quarter, a quarterly royalty payment in an amount equal to [___% of the Net Sales (as defined below) during such calendar quarter] [$___ for each Licensed Product [manufactured/sold] by or on behalf of the Licensee or a Qualified Sublicensee during such calendar quarter].

• This condition is imposed to enhance the landscape quality of the area and reduce the impermeable surface area of the site.

• As used herein, the term "Net Sales", with respect to a calendar quarter, means the net sales with respect to all Licensed Products [manufactured/sold] by or on behalf of the Licensee or a Qualified Sublicensee during such calendar quarter.

• The term "Qualified Sublicensee" means a person which meets such reasonable requirements as the Licensor may specify in writing to the Licensee from time to time.

More Definitions of Qualified Sublicensee

Qualified Sublicensee means: (a) Prior to the sale and issuance of at least [***] shares of Series A Preferred Stock of Licensee in accordance with that certain Series A Stock Purchase Agreement of even date herewith by and between Licensee and the purchasers set forth therein (the “Series A Financing Completion”), any Third Party (i) that, together with its Affiliates with whom it is required to consolidate earnings for reporting purposes under GAAP or IFRS (“Reporting Affiliates”), has annual revenues of at least $[***], (ii) that is, or is a Reporting Affiliate of, a publicly traded company that has market capitalization of at least $[***], (iii) that together with its Reporting Affiliates has maintained over the last [***] or (iv) that is approved by Licensor in writing (in Licensor’s sole discretion). (b) Following the Series A Financing Completion, any Third Party (i) that together with its Reporting Affiliates has annual revenues from sales of prescription pharmaceutical products for the treatment of [***] of at least $[***], (ii) that is, or is a Reporting Affiliate of, a publicly traded company that (A) has market capitalization of at least $[***], and (B) has a market capitalization as of market close of the trading day immediately preceding the date of entry into a Transaction that (1) is at least $[***], and (2) is no less than [***], or (iii) that is approved by Licensor in writing, provided such approval shall not to be unreasonably withheld, conditioned or delayed in the event that such Third Party is [***]. For purposes of the foregoing, [***].

Qualified Sublicensee means [***] sales of prescription pharmaceutical products for the treatment of cancer or for supportive care of cancer patients (a “Cancer Product”) of at least [***], (ii) that is, or is a Reporting Affiliate of, a publicly traded company that (A) has market capitalization of at least $750 million based on the average share closing price over the last four (4) Calendar Quarters, and (B) has a market capitalization as of market close of the trading day immediately preceding the date of entry into a Transaction that (1) is at least [***], and (2) [***], or (iii) that is approved by Xxxxxxxx in writing, provided such approval shall not to be unreasonably withheld, conditioned or delayed in the event that such Third Party is [***]. For purposes of the foregoing, (a) [***]; (b) “Reporting Affiliates” shall mean Affiliates with whom Zai is required to consolidate earnings for reporting purposes under GAAP or IFRS; and (c) [***].

Qualified Sublicensee means a SUBLICENSEE that (1) is a company whose products or services primarily use biotechnology methods for their production, design or delivery, and whose market capitalization or fair market value exceeds $[**] at the end of such SUBLICENSEE’s most recent fiscal year preceding the effective date of the proposed sublicense or (2) is a pharmaceutical company with at least $[**] of sales of products or services that use biotechnology methods for their production, design or delivery in its most recent fiscal year preceding the effective date of the proposed sublicense.

Qualified Sublicensee means (a) any Affiliate of Licensee that is headquartered and incorporated in the United States, or (b) a reputable Third Party that has (i) the capability to effectively market, distribute and sell the Product in [*CONFIDENTIAL*] [*CONFIDENTIAL*] through a dedicated sales force, (ii) has a strategic focus [*CONFIDENTIAL*], and (iii) has been actively commercializing products [*CONFIDENTIAL*] in [*CONFIDENTIAL*] for at least the [*CONFIDENTIAL*] preceding the execution of a sublicense agreement with Licensee.

Qualified Sublicensee means a Third Party pharmaceutical company with a public market capitalization of $200 million or more. For private companies, the sublicensee will provide due diligence, financial information, and relevant information about the sublicense with respect to the potential second tier sublicensee and CWRU and NeoIndicate will review the information within ten (10) business days and provide a response.

Qualified Sublicensee means a person which meets such reasonable requirements as the Licensor may specify in writing to the Licensee from time to time.

Qualified Sublicensee means (a) any Affiliate of Licensee that is headquartered and incorporated in the United States, or (b) a reputable Third Party that has (i) the capability to effectively market, distribute and sell the Product in [*CONFIDENTIAL*] [*CONFIDENTIAL*] through a dedicated sales force,