Secondary Product definition
Examples of Secondary Product in a sentence
By "First Commercial Sale" is intended the initial transfer by Licensee or a sublicensee of a Primary or Secondary Product for cash or a cash equivalent.
Licensee shall promptly notify Licensor of each Primary or Secondary Product discovered or identified during the life of the Licensed Patents and shall further promptly notify Licensor of [ * ] = Certain confidential information in this document, marked by brackets, has been ommitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Licensee will notify Licensor within thirty (30) days of the First Commercial Sale of each royalty-bearing Primary and Secondary Product.
Upon the expiration of the last of the Licensed Patents utilized for such Primary or Secondary Product: the royalty rates due Licensor on Net [ * ] = Certain confidential information in this document, marked by brackets, has been ommitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
If there is no Acquisition, the milestone set forth in 4.4(d)(i), 4.4(d)(ii), and 4.4(d)(iii) shall accrue when achieved and become payable by Company upon the occurrence of 4.4(d)(v) below (First Commercial Sale of any Secondary Product in the United States).