Sublicensees definition
Examples of Sublicensees in a sentence
Any sales of Products incurred in a currency other than EUR shall be converted to the EUR equivalent using a rate of exchange that corresponds to the rate used by BI or any of its Affiliates or Sublicensees recording such receipt or expenditure, for the respective reporting period, related to recording such Net Sales or expenses in its books and records that are maintained in accordance with Accounting Standards.
BI shall use reasonable efforts to enforce compliance by each of its Sublicensees with the applicable sublicense agreement.
Within [*] following the end of each Calendar Quarter, BI shall submit to PALATIN a written report of Net Sales of Products sold by or on behalf of BI, its Affiliates and Sublicensees during a Calendar Quarter in each country of the Territory in sufficient detail to permit [*].
DEBIOPHARM shall maintain and shall cause its Affiliates and Sublicensees to maintain full, true and accurate books of account containing all particulars that may be necessary for the purpose of calculating all Royalties and sales Milestone Payments due under this Agreement.
BI shall use (and shall cause its Affiliates and Sublicensees to use) [*] in at least one of the Major Market Countries.