Sales Milestone Payments definition

Sales Milestone Payments has the meaning set forth in Section 6.6.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Sales Milestone Payments has the meaning set forth in Section 7.2.2.

Sales Milestone Payments has the meaning set forth in Section 10.2.2 (Sales Milestone Events and Payments).

Examples of Sales Milestone Payments in a sentence

• Each of the Sales Milestone Payments set forth below will be payable only one time, for the first Calendar Year in which the corresponding Sales Milestone Event is achieved.

• All Sales Milestone Payments shall be nonrefundable and noncreditable.

• Each of the milestone payments set forth in Table 6.1(c) (Sales Milestone Payments) is payable only upon the first achievement of such Sales Milestone Event and none of the Sales Milestone Payments will be payable more than once regardless of how many times such Sales Milestone Event is achieved.

• If 2 or more of Sales Milestone Events are achieved in the same Calendar Quarter or the same Calendar Year, then NVS will pay each corresponding Sales Milestone Payments during the Calendar Quarter in which it is achieved, in conjunction with royalty payments due for such Calendar Quarter.

• Notwithstanding any other provision of this Agreement, each series of Sales Milestone Payments will be payable only once with respect to the specified Licensed Target, notwithstanding the number of Licensed Products (or the number of times a Licensed Product) may achieve the applicable Sales Milestone Event.

More Definitions of Sales Milestone Payments

Sales Milestone Payments has the meaning set forth in Section 9.5.

Sales Milestone Payments means each of the First Sales Milestone Payment, the Second Sales Milestone Payment, the Third Sales Milestone Payment and the Fourth Sales Milestone Payment.

Sales Milestone Payments means the sales milestone payments as set forth in Schedule C.

Sales Milestone Payments shall have the meaning set forth in Section 2.02(b).

Sales Milestone Payments means any of the Ophthalmic Sales Milestone Payments, Ex-Vivo [***] Sales Milestone Payments, or In-Vivo [***] Sales Milestone Payments.

Sales Milestone Payments. Sales Milestone Payments shall have the meaning assigned to it in Section 8.6(a).

Sales Milestone Payments means payments made to Westaim under Section 6.5 of the License and Development Agreement;