Third Party Milestone Payments means payments made to AMICUS upon fulfillment by AMICUS or the sub-licensee of designated development objectives or regulatory requirements; and "Maintenance Fees" means payments (such as annual minimum royalties) made by sub-licensees to AMICUS to preserve, or to avoid a forfeiture of rights under, the sublicense agreement;

Third Party Milestone Payments as such terms are used in the License Agreement excludes (i) payment or reimbursement for patent expenses incurred by AMICUS, (ii) payment or reimbursement for the costs of research or development conducted by AMICUS that is sponsored by third parties or (iii) purchases by third parties of AMICUS securities.

Third Party Milestone Payments means payments made to AMICUS upon fulfillment by AMICUS or the sublicensee of designated development objectives or regulatory requirements. With respect to any sublicensing or other transaction to which this Section 3. applies but which relates to products and services in addition to Licensed Products and for which an allocation would be necessary, the parties shall meet and attempt to agree on which portion of the total payments received by AMICUS pursuant to such transaction would be subject to this Section 3. If the parties cannot agree to such allocation within a reasonable amount of time, AMICUS shall select a nationally recognized independent certified public accountant, which meets MSSM’s approval, to determine such allocation. Such allocation shall be governed by generally accepted accounting principles in the United States.

Examples of Third Party Milestone Payments in a sentence

Unless CASI has obtained approval from Adimab or Cellca pursuant to Section 5.3.1(f)(i) (Third Party Milestone Payments to Adimab and Cellca) to make payments directly to Adimab or Cellca (as applicable), CASI shall pay any Third Party Milestone Payment directly to Black Belt (rather than making any such payments directly to Adimab or Cellca pursuant to Section 5.3.1(f)(i) (Third Party Milestone Payments to Adimab and Cellca)).
TIANSHI shall pay any Third Party Milestone Payment directly to CASI for CASI to pay to Black Belt (rather than making any such payments directly to Adimab or Cellca pursuant to Section 6.3.1(f)(i) (Third Party Milestone Payments to Adimab and Cellca)).
If CASI has obtained approval from Adimab or Cellca pursuant to Section 5.3.1(f)(i) (Third Party Milestone Payments to Adimab and Cellca) to make payments directly to Adimab or Cellca (as applicable), then on Third Party Milestone Payment by Third Party Milestone Payment basis CASI may elect to make Third Party Milestone Payments to Adimab or Cellca (as applicable) or Black Belt.

More Definitions of Third Party Milestone Payments

Third Party Milestone Payments means up-front fees (including any fees paid in installments) and milestones and other payments payable to a Third Party in consideration for rights necessary or useful for (i) the Commercialization or use of the Final Product in Japan, or (ii) the manufacture of the API or Final Product anywhere in the world for the purpose of, but only to the extent fairly and reasonably allocable to, the Commercialization or use of the Final Product in Japan, but excluding amounts paid in the form of Third Party Royalties.

Third Party Milestone Payments means payments made to PHMD upon fulfillment by PHMD or the sub-licensee of designated development objectives or regulatory requirements relating directly to use of the Patent Rights in connection with a sub-license or similar agreement; "Maintenance Fees" means payments (such as annual minimum Royalties provided such annual minimum Royalties are not recoupable against Royalties actually paid to PHMD, or if recoupable against Royalties, then only to the extent not recouped) made by sub-licensees to PHMD to preserve, or to avoid a forfeiture of rights under, the sublicense agreement.

Third Party Milestone Payments means up-front fees (including any fees paid in installments) and milestones (including any royalties or other payments that are not tied to sales of a Product) payable to a Third Party in consideration for rights necessary or useful for the Development, manufacture, Commercialization or use of a Product, including amounts paid † [*****] REPRESENTS CONFIDENTIAL PORTION WHICH HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. by Medarex (as Previously Disclosed) prior to the Execution Date under the Genentech Agreement and the PHS License Agreement, but excluding amounts paid in the form of (a) Third Party Royalties; (b) amounts paid, at or below fair market value, for services provided by a Third Party (or its Affiliate); (c) amounts paid, at or below fair market value, for equity in a Third Party (or its Affiliate); or (d) equity issued to a Third Party in exchange for monetary consideration at or above fair market value.

Third Party Milestone Payments means all upfront or milestone payments received by Amarin pursuant to a Licence Agreement in respect of the Developer Invention, having taken account of deductions in respect of any customs and excise duties or other sales taxes that are actually paid by Amarin (but, for the avoidance of doubt, not income or corporation tax), directly related to the receipt of such revenues by Amarin. ‘‘£” shall mean Pounds Sterling. “US” or “USA” shall mean the United States of America. “Valid Claim” means a claim of any issued, unexpired Developer Patent that has not been revoked or held unenforceable or invalid by a decision of a court or governmental agency of competent jurisdiction from which no appeal can be taken, or with respect to which an appeal is not taken within the time allowed for appeal, and that has not been disclaimed or otherwise rendered unenforceable. 2

Third Party Milestone Payments means payments made to Linguagen upon fulfillment by Linguagen or the sublicensee of designated development

Third Party Milestone Payments definition

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