Sales Milestones means [***]. If the Company reaches a fully negotiated definitive documentation for an agreement providing for the terms contained in (1) or (2) of this paragraph (c), and the Company decides to reject such agreement and pursue an alternative transaction, then the terms of this paragraph (3) shall be deemed to have been satisfied for purposes of calculating the Midpoint Reversion Date. The [***] and [***] thresholds in this paragraph shall be adjusted for [***] as a result of [***] after the Effective Date (for example, if [***]). For purposes of calculating [***]. In addition, the [***] and [***] thresholds in this paragraph shall be adjusted for [***] after the date hereof (for example, if the Company [***]).

Sales Milestones has the meaning attributed to it in Clause 6.3.1.

Sales Milestones has the meaning set forth in Section 8.3(a).

Examples of Sales Milestones in a sentence

If Licensed Products achieve a higher Sales Milestone in a Calendar Year without having first achieved a lower Sales Milestone in any previous Calendar Year, then the milestone payment(s) for the lower Sales Milestone(s) shall be due and payable to Alnylam concurrently with the milestone payment for the higher Sales Milestone that has been achieved.
The remaining portion of proceeds shall be allocated to Servier and treated as Royalty Bearing Net Sales for the payment of Royalty and Sales Milestones to Sorrento.
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In the event all conditions set forth above are satisfied, the Depositary shall establish an ADS Record Date (upon the terms described in Section 4.7 hereof) and establish procedures to distribute such rights (by means of warrants or otherwise) and to enable the Holders to exercise the rights (upon payment of applicable fees and charges of, and expenses incurred by, the Depositary and taxes and/or other governmental charges).
In consideration of the licenses and other rights granted to R-Pharm under this Agreement by Scynexis, R-Pharm shall pay to Scynexis the Development Milestones, Royalties and Sales Milestones set forth herein.

More Definitions of Sales Milestones

Sales Milestones shall have the meaning set out in Section 8.4.2.

Sales Milestones shall have the meaning set forth in Section 3.4.1.

Sales Milestones means, collectively, the 2015 Sales Milestone, the 2016 Sales Milestone and the 2017 Sales Milestone.

Sales Milestones means percentages ranging from twenty-five percent (25%) to seventy-five percent (75%) of the forecasted sales for Fusion Test Systems in the Territory by Ando to be determined by the Steering Committee as part of the Fusion Business Plan (as defined in Section 4.3) with respect to sales of Fusion Test Systems to non-Affiliated Persons in the Territory. Sales Milestones shall be reviewed and evaluated by the Steering Committee on no less than an annual basis. The initial measurement period for such Sales Milestones shall commence as of the Effective Date hereof and end as of the end of the eighteenth calendar month thereafter; each subsequent measurement period for the remainder of the term of this Agreement shall commence as of the first day of the next succeeding calendar month and end as of the end of the twelfth calendar month thereafter.

Sales Milestones shall have the meaning assigned to such term in Schedule 1.01(b).

Sales Milestones. The table set forth in Section 6.5 of the Exclusive License Agreement will be replaced in its entirety with the following table:

Sales Milestones means those payments payable to NeurogesX pursuant to Section 3.2 of the Existing License Agreement.