Examples of Geographic market area in a sentence
Subject to Section 4.1 herein and the other provisions of this Agreement, RADIOMED hereby grants to NASI an exclusive license to use the Technology for the sole purpose of manufacturing in the Geographic Market Area 100% of RADIOMED's requirement for Products for use in the Field of Use in the Geographic Market Area.
RADIOMED warrants to NASI that the use of the Product for its intended purpose in the Field of Use will not violate any Applicable Regulatory Requirements in the Geographic Market Area or any foreign markets in which NASI delivers Product.
The total number of Pd-103 seeds sold in the Geographic Market Area per week, to be determined by [*].
The percentage of the market for the use of the Product in the Field of Use in a specific Geographic Market Area that MENTOR must acquire and maintain as of the end of the first Sales Year and during each subsequent Sales Year in order to preserve its exclusive marketing and distribution rights for the Product in such Geographic Market Area.
Should MENTOR fail to achieve and retain its Target Market Share for the Product in a specific Geographic Market Area, NAMS shall have the right to terminate the exclusive marketing and distribution rights granted to MENTOR in such Geographic Market Area in accordance with the provisions of this Section 5 unless such failure is abated pursuant to Section 5.4, below.
If NAMS believes that MENTOR has not attained or may not attain its Target Market Share for a specific Geographic Market Area, NAMS shall be entitled to give MENTOR a Deficiency Notice containing the information called for by Section 1.12, above, at any time after the commencement of the second Sales Year.
If the parties are unable to resolve their difference of opinion within thirty (30) days after the MENTOR's receipt of a Deficiency Notice, then at the request of either party (the "Moving Party"), the parties shall engage an independent market research firm ("an "Independent Analyst") as provided by Section 5.5.4, below, to advise them as to the size of the market for the Product for such purposes for the Geographic Market Area in question.
Unless and until exclusive manufacturing and supply rights are terminated pursuant to Section 9 hereof, neither NASI nor any of its Affiliates shall manufacture, supply, market or distribute Products for use in the Field of Use in the Geographic Market Area, except pursuant to this Agreement.
For purposes of determining MENTOR's market share in a given Geographic Market Area (a) there shall be taken into account both (i) direct sales by MENTOR and (ii) sales by suppliers and distributors purchasing from MENTOR as permitted under this Agreement, and (b) MENTOR shall be conclusively presumed to have satisfied its Target Market Share for any Sales Year unless NAMS has given a Deficiency Notice to MENTOR within ninety (90) days after the end of such Sales Year.
At the election of NAMS, in its sole discretion, such rights may be converted to non-exclusive rights with respect to such Geographic Market Area.