Examples of Sales Milestone Payment in a sentence
In the event that more than one of the Sales Milestone Events set forth in Table 10.4.3 is exceeded in the same Calendar Year, Galapagos will pay to Adaptimmune each separate Sales Milestone Payment with respect to each such Sales Milestone Event that is exceeded during -32- ACTIVE/130546626.2 Collaboration and Exclusive License Agreement such Calendar Year, to the extent such Sales Milestone Payments have not already been paid with respect to a previous Calendar Year.
Following receipt of notification by Celgene to Prothena that Celgene has achieved the applicable milestone event triggering a Sales Milestone Payment hereunder, Prothena shall invoice Celgene for the applicable Sales Milestone Payment, and Celgene shall pay such Sales Milestone Payment within [***] days after receipt of the invoice therefor.
Galapagos will notify Adaptimmune within (***) days after the end of the Calendar Quarter in which the applicable Sales Milestone Event is first achieved and pay Adaptimmune the corresponding Sales Milestone Payment within (***) days following the end of the applicable Calendar Quarter.
Notwithstanding anything to the contrary contained herein, in the event notice of termination of this Agreement is given prior to achievement of a given milestone set forth in Section 5.3 or 5.4, Celgene shall not be obligated to make any Regulatory Milestone Payment or Sales Milestone Payment to Prothena with respect to any milestone achieved following the notice of such termination.