Quantity Converted definition

Quantity Converted as the meaning specified in Section 2.2(a);

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Quantity Converted. The total amount of Active Materials contained in the Products manufactured with the Quantity Dispensed (including any additional Products produced in accordance with Section 6.3(a) or 6.3(b)), delivered by Patheon, and not rejected, recalled or returned in accordance with Section 6.1 or 6.2 because of Patheon’s failure to perform the Manufacturing Services in accordance with Specifications, cGMPs, and Applicable Laws. Within 60 days after the end of each Year, Patheon will prepare an annual reconciliation of Active Materials on the reconciliation report form set forth in Exhibit D including the calculation of the “Actual Annual Yield” or “AAY” for the Product at the Manufacturing Site during the Year. AAY is the percentage of the Quantity Dispensed that was converted to Products and is calculated as follows: Quantity Converted during the Year x 100% Quantity Dispensed during the Year After Patheon has produced a minimum of 15 successful commercial production batches of Product and has produced commercial production batches for at least six months at the Manufacturing Site (collectively, the “Target Yield Determination Batches”), the parties will agree on the target yield for the Product at the Manufacturing Site (each, a “Target Yield”). The Target Yield will be revised annually to reflect the actual manufacturing experience as agreed to by the parties.

Quantity Converted. The total amount of Active Materials contained in the Products manufactured with the Quantity Dispensed (including any additional Products produced in accordance with Section 6.1 or 6.2), delivered by Patheon, and not rejected, recalled or returned in accordance with Section 6.1 or 6.2 because of Patheon’s failure to perform the Manufacturing Services in accordance with Specifications, cGMPs, and Applicable Laws. Within [***] after the end of each Year, Patheon will prepare an annual reconciliation of Active Materials on the reconciliation report form set forth in Schedule I including the calculation of the “Actual Annual Yield” or “AAY” for the Product at the Manufacturing Site during the Year. AAY is the percentage of the Quantity Dispensed that was converted to Products and is calculated as follows: Quantity Converted during the Year x 100 % Quantity Dispensed during the Year After Patheon has produced a minimum of [***] commercial production batches of Product and has produced commercial production batches for at least [***] at the Manufacturing Site (collectively, the “Target Yield Determination Batches”), the Parties will mutually agree on the target yield for the Product at the Manufacturing Site (each, a *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. “Target Yield”); The Target Yield will be revised annually to reflect the actual manufacturing experience as agreed to by the parties.

Examples of Quantity Converted in a sentence

Quantity Converted: The total amount of Active Materials contained in the Product produced with the [ * ] (including any [ * ] in accordance with [ * ]), delivered by Patheon, and not rejected, recalled or returned in accordance with Section 6.1 or 6.2 as a result of a failure by Patheon to provide Manufacturing Services in accordance with Specifications, cGMPs and all applicable Laws.
For each Day D, the “Conversion” requirement is as follows: The Daily Quantity Converted from H-gas to L-gas under the Base Service cannot be greater than the Daily Quality Conversion Capacity from H-gas to L-gas under the Base Service specified in Appendix 2 to the Contract.
The calculation of the Daily Quantity Converted from H-gas to L-gas under the Base Service is detailed in the Clause entitled “Calculation method for Daily Quantities converted from H-gas to L-gas Base Service” in Section D2.
Quantity Converted: The total amount of Active Materials contained in the Products manufactured with the Quantity Dispensed (including any additional Products produced in accordance with Section 6.1 or 6.2), delivered by Patheon, and not rejected, recalled or returned in accordance with Section 6.1 or 6.2 because of Patheon’s failure to perform the Manufacturing Services in accordance with Specifications, cGMPs, and Applicable Laws.
The AAY shall be calculated by dividing the Quantity Converted by the Quantity Dispensed during the calendar year.

More Definitions of Quantity Converted

Quantity Converted. Quantity Converted shall mean the total amount of API contained in the Products produced with the Quantity Dispensed (including any additional Product produced in accordance with Section 7.9), delivered by Jagotec, and not rejected, recalled or returned in accordance with Section 6.8 as a result of a failure by Jagotec to provide the Product in accordance with Specifications, Quality Agreement and cGMP. Furthermore Quantity Converted shall include any quantities of API contained in Product retained as samples pursuant to the Quality Agreement and also for compliance with cGMP. Within [**] days after the end of each Year, Jagotec shall prepare an annual reconciliation of API in accordance with the reconciliation report form annexed hereto as Schedule 3 including the calculation of the “Actual Annual Yield” or “AAY” for the Product at the Facility during the Year, which AAY is the percentage of the Quantity Dispensed that was converted to Product and is calculated as follows, expressed as a percentage: After Jagotec has produced a minimum of [**] commercial production Batches of Product and has produced commercial production Batches for at least [**] months at the Facility (collectively, the “Target Yield Determination Batches”) pursuant to this Agreement, the Parties will reasonably agree on the target yield in respect of such Product at the Facility (each, a “Target Yield”); provided, however, that the Target Yield Determination Batches shall not include any Batches that, in Jagotec’s reasonable judgment, were produced in production runs involving technical difficulties or involving an extraordinary loss of API. Thereafter, Jagotec shall use commercially reasonable efforts to maintain Actual Annual Yield levels for each Product at or above the applicable Target Yield.

Quantity Converted which shall mean the total quantity of API contained in Product produced with the Quantity Dispensed and delivered to Depomed, other than Product that was rejected, recalled or returned in accordance with Section 5.3, as a result of a failure by Patheon to provide Manufacturing Services and/or Product in accordance with this Agreement or the Quality Agreement.

Quantity Converted. The total amount of Active Materials contained in the Products manufactured with the Quantity Dispensed (including any additional Products produced in accordance with Section 0 or 6.3(b)), delivered by Patheon, and not rejected, recalled or returned in accordance with Section 6.1or 6.2 because of Patheon’s failure to perform the Manufacturing Services in accordance with Specifications, cGMP, and Applicable Laws. Within 60 days after the end of each Year, Patheon will prepare an annual reconciliation of Active Materials on the reconciliation report form set forth in Exhibit C including the calculation of the "Actual Annual Yield" or "AAY" for the Product at the Manufacturing Site during the Year. AAY is the percentage of the Quantity Dispensed that was converted to Products and is calculated as follows: Quantity Converted during the Year x100% Quantity Dispensed during the Year After Patheon has produced [***] commercial production batches of Product and has produced commercial production batches for [***] at the Manufacturing Site (collectively, the "Target Yield Determination Batches"), the parties will reasonably and in good faith agree on the target yield for the Product at the Manufacturing Site (each, a "Target Yield"). The Target Yield will be revised annually if [***] have been manufactured during the prior year, to reflect the actual manufacturing experience as agreed to reasonably and in good faith by the parties.

Quantity Converted. The total amount of Bulk API contained in the Finished Products produced with the Quantity Dispensed, delivered by Patheon, and not rejected or returned in accordance with Section 3.5 or recalled under Article 5 as a result of a failure by Patheon to manufacture Finished Product that conforms to the Patheon Manufacturing Responsibilities.

Quantity Converted means the total amount of API contained in the Products produced with the Quantity Dispensed and delivered to DEPOMED and not rejected, recalled or returned in accordance with Section 4.6 or Article 8 as a result of a failure by MOVA to provide manufacturing services in accordance with this Agreement, the Quality Agreement, the Specifications, and Applicable Law. Within 60 days after the end of each Year, MOVA shall prepare an annual reconciliation of API in accordance with the reconciliation report form annexed hereto as Schedule G including the calculation of the “Actual Annual Yield” or “AAY” for the Product at the MOVA Facility during the Year. AAY is the percentage of the Quantity Dispensed that was converted to Products delivered and is calculated as follows: Quantity Converted during the Year x 100% Quantity Dispensed during the Year The Parties agree that the target yield in respect of such Product at the MOVA Facility (the “Target Yield”) is equal to [***]. MOVA shall maintain Actual Annual Yield levels for each Product equal to or above the applicable Target Yield.

Quantity Converted. The total amount of Active Materials contained in the Product manufactured with the Quantity Dispensed (including any additional Product produced in accordance with Section 6.3(a) or 6.3(b)), delivered by Patheon, and not rejected, recalled or returned in accordance with Section 6.1 or 6.2 because of Patheon’s failure to perform the Manufacturing Services in accordance with Specifications, cGMPs, and Applicable Laws. Client acknowledges that, if there is no change in this information from one month to the next month, the report will reflect that. Within […***…] days after the end of each Year, Patheon will prepare an annual reconciliation of Active Materials on the reconciliation report form set forth in Exhibit C including the calculation of the “Actual Annual Yield” or “AAY” for the Product at each Manufacturing Site during the Year. AAY is the percentage of the Quantity Dispensed that was converted to Product and is calculated as follows: Quantity Converted during the Year × 100% Quantity Dispensed during the Year After Patheon has produced a minimum of […***…] successful commercial production Batches of Product and has produced commercial production Batches for at least […***…] months at the Manufacturing Site (collectively, the “Target Yield Determination Batches”), the Parties will agree on the target yield for the Product at the Manufacturing Site (each, a “Target Yield”). The Target Yield will be revised annually to reflect the actual manufacturing experience as agreed to by the Parties. Additionally, promptly following production of the validation Batches, but prior to production of the […***…] Target Yield Determination Batches described above, the Parties will agree to an interim Target Yield that will apply before determination of the Target Yield set out above, based on data from production of the validation Batches. Promptly following production of the first […***…] Target Yield Determination Batches described above, the Parties will agree to an updated interim Target Yield that will apply before determination of the Target Yield set out above, based on data from production of the first […***…] Target Yield Determination Batches.