Quarterly Net Sales definition
Examples of Quarterly Net Sales in a sentence
ELEVAI shall pay royalties based on Estimated Quarterly Net Sales.
ELEVAI shall provide Yuva Bio with the true Net Sales for such calendar quarter and related Net Sales Details at the time it provides the Estimated Quarterly Net Sales for the following Calendar Quarter and shall reconcile and true-up the payments of royalties for each Calendar Quarter at the time it makes payments on the Estimated Quarterly Net Sales for the next Calendar Quarter.
All Quarterly Net Sales and Royalty Reports shall be due [*****] following the last day of the calendar quarter to be reported on.
Abraxis shall highlight in each Quarterly Net Sales Report any adjustments made from the reports referred to in Section 8.3.3. Abraxis shall deliver the Quarterly Net Sales Report to AstraZeneca at the time that Abraxis pays AstraZeneca the Compensation or Residual Compensation due for the sale of Products during such Calendar Quarter.
Within [***] days following the end of each Quarter in which such a royalty is owed to Kiniksa for sales of the Product, Regeneron shall provide to Kiniksa a report of the royalties owed (which report will include the information to be provided under Section 9.4.1(a) (Quarterly Net Sales), applied mutadis mutandis with Regeneron as the selling party), together with a payment of such royalties owed to Kiniksa for such Quarter.
The report for the fourth Calendar Quarter of each Calendar Year (the “Annual Net Sales Report”) shall include the items in the preceding clauses (i) through (iii) for both such Calendar Quarter and the full Calendar Year in which such Calendar Quarter occurs as well as a reconciliation of the amounts set forth in the Quarterly Net Sales Reports delivered for the applicable Calendar Year to the amounts set forth in the Annual Net Sales Report.
In case the additional royalties to be paid amount to [*****] of the royalties stipulated in the respective Quarterly Net Sales and Royalty Reports for the period covered by the Royalty Audit, Pharvaris instead of AnalytiCon shall bear the reasonable and adequate fees and expenses charged by the accounting firm for the Royalty Audit.
BCI shall include with each Co-Promote Payment a statement setting forth in reasonable detail its calculation of the Co-Promote Payment for the period covered by such Co-Promote Payment along with a reconciliation detailing the reasons for any differences between the Quarterly Net Sales reported to Cardinal Health and the revenue reported in BCI's quarterly SEC 10Q filings.
For example, if Generic Entry first occurred halfway (i.e., approximately forty-five (45) days) through a calendar quarter, then with respect to the resulting first Generic Payment Quarter, which would have a duration equal to half of the duration of a full calendar quarter (i.e., approximately forty-five (45) days), the Pre-Generic Quarterly Net Sales Benchmark would be prorated to fifty percent (50%) of the full Pre-Generic Quarterly Net Sales Benchmark.
In further consideration of Cardinal Health's efforts and performance hereunder, BCI shall pay Cardinal Health a variable percentage of all Quarterly Net Sales of the Product during each Fiscal Quarter, as such percentages are set forth in Schedule 6.1 ("Co-Promote Fee") during the Term of this Agreement.