Commercial Milestone Payments Sample Clauses

Commercial Milestone Payments. (a) As additional consideration for the License, Licensee will pay Penn the following commercial milestone payments (each, a “Commercial Milestone Payment”) upon the achievement of the corresponding milestone (each, a “Commercial Milestone”), whether achieved by Licensee or an Affiliate or Sublicensee, or a combination of Licensee, Affiliate or Sublicensee, when aggregate worldwide Net Sales of a Licensed Product in […***…] first reaches the respective *** Confidential Treatment Requested *** thresholds indicated below. Licensee shall promptly notify Penn in writing of the achievement of any such Commercial Milestone and Licensee shall pay Penn in full the corresponding Commercial Milestone Payment within […***…] of such achievement. For clarity, each Commercial Milestone Payment is non-refundable, is not an advance against royalties due to Penn or any other amounts due to Penn. Commercial Milestone Event […***…] […***…] Milestone Payment (U.S. dollars) Worldwide annual Net Sales of royalty bearing Licensed Product first exceeding $[…***…] $[…***…] Worldwide annual Net Sales of royalty bearing Licensed Product first exceeding $[…***…] $[…***…] Worldwide annual Net Sales of royalty bearing Licensed Product first exceeding $[…***…] $[…***…]
AutoNDA by SimpleDocs
Commercial Milestone Payments. For each Licensed Product, Licensee shall pay Arvinas the following one-time milestone event payments when the aggregate Net Sales of such Licensed Product in one or more particular country(ies) for a given calendar year (“Annual Net Sales”), where such Licensed Product is a Valid Claim Licensed Product at the time of sale in each of such country(ies), first achieves the corresponding threshold as set forth in this Section 6.3.2 below, subject to the terms of this Section 6.3 and the payment provisions in Article 7 below: Commercial Milestone Event Milestone Event Payment (US$)
Commercial Milestone Payments. KHK shall pay to DICERNA the following non-refundable, non-creditable milestone payments within [***] from the occurrence of the following events with respect to Licensed Products for any Program Target; provided, that, if DICERNA exercises a Co-Promotion Option with respect to a Co-Promoted Product, the Net Sales attributable to the Co-Promoted Product in the Co-Promotion Territory shall not be counted for purposes of determining Annual Net Sales for the following milestone events for such Co-Promoted Product: Milestone Event Amount (US$) [***] US$ [*** ] [***] US$ [*** ] [***] US$ [*** ] TOTAL US$ [*** ]
Commercial Milestone Payments. Green Cross shall pay to MacroGenics the Net Sales milestone payments set forth below, which shall be due and payable within *** after the end of the first Calendar Year during which such milestone is triggered.
Commercial Milestone Payments. (a) As additional consideration for the License, Licensee will pay Penn the following commercial milestone payments (each, a “Commercial Milestone Payment”) upon the achievement by Licensee or an Affiliate or Sublicensee of the corresponding milestone (each, a “Commercial Milestone”), that is, when its worldwide Net Sales of a Licensed Product in a Calendar Year first reach the respective thresholds indicated below. Licensee shall promptly notify Penn in writing of the achievement of any such Commercial Milestone and Licensee shall pay Penn in full the corresponding Commercial Milestone Payment within [*] of such achievement. For clarity, [*]. Commercial Milestone Event (payable once per Licensed Product) One-Time Milestone Payment (U.S. dollars) Worldwide annual Net Sales of royalty bearing Licensed Product equals or exceeds [*] [*] Worldwide annual Net Sales of royalty bearing Licensed Product equals or exceeds [*] [*] Worldwide annual Net Sales of royalty bearing Licensed Product equals or exceeds [*] [*] Maximum total Sales Milestone Payments to Penn for each Licensed Product $55,000,000
Commercial Milestone Payments. Strata shall pay to Micrologix, as additional licensing fees, the following one-time, non-refundable milestone payments within [***] following the end of the calendar quarter in which the relevant commercial milestone is achieved. [***]
Commercial Milestone Payments. Apollo shall pay to VistaGen the following commercial milestone payments listed in the tables below after achievement of [*****] commercial milestone event. Apollo shall provide VistaGen with written notice and such milestone payment within [*****] after the end of the Calendar Year in which the applicable milestone event was achieved. Each such milestone payment shall be payable only once. For the avoidance of doubt, in no event shall Apollo be required to pay VistaGen more than an aggregate of Twenty-Nine Million U.S. dollars ($29,000,000) in commercial milestone payments under this Section 4.1(i).
AutoNDA by SimpleDocs
Commercial Milestone Payments. (a) As additional consideration for the License, Licensee will pay Penn the following commercial milestone payments (each, a “Commercial Milestone Payment”) upon the achievement of the corresponding milestone (each, a “Commercial Milestone”), whether achieved by Licensee or an Affiliate or Sublicensee, or a combination of Licensee, Affiliate or Sublicensee, when cumulative worldwide Net Sales of Licensed Product(s) for an Indication reach the respective thresholds indicated below. Licensee shall notify Penn in writing of the achievement of any such Commercial Milestone within [***] following [***] in which such Commercial Milestone is achieved and Licensee shall pay Penn in full the corresponding Commercial Milestone Payment together with such notice. For clarity, each Commercial Milestone Payment is non-refundable, non-creditable and is not an advance against Royalties due to Penn or any other amounts due to Penn. Commercial Milestone (payable once per Indication) Milestone Payment Cumulative Net Sales of Licensed Product for an Indication reaches $[***] $[***] Cumulative Net Sales of Licensed Product for an Indication reaches $[***] $[***] Cumulative Net Sales for Licensed Product for an Indication reaches $[***] $[***] Total Commercial Milestone Payments to Penn for each Indication $[***] 6.3 Royalties.
Commercial Milestone Payments. (i) Subject to Section 7.5(b)(ii), within [***] days after the end of each [***] in which aggregate annual Net Sales of all Collaboration Products by LGC, its Affiliates and Sublicensees in the LGC Territory in any Calendar Year first reach any threshold set forth in the table below, LGC shall pay to Cue the corresponding non-refundable, non-creditable Milestone Payment set forth below: Annual Net Sales Milestone Events Milestone Payments (in U.S. Dollars) [***] [***] [***] [***] [***] [***] Total [***]
Commercial Milestone Payments a. The Sandoz Parties shall pay Momenta the following milestone payments (the "FULL MILESTONE PAYMENTS") (as shall be adjusted pursuant to SCHEDULE 4.3, the "COMMERCIAL MILESTONE PAYMENTS"); PROVIDED THAT each such milestone payment shall be payable only if (i) Sandoz has sold the Product during the twelve (12) months immediately preceding the events described below, or Sandoz's failure to sell the Product during such period is a breach of this Agreement, and (ii) as of each anniversary described below, there is [**] in the U.S. Territory: Milestone Event Amount of Milestone -------------- ------------------- [**] anniversary of U.S. Launch U.S.$[**] [**] anniversary of U.S. Launch U.S.$[**] [**] anniversary of U.S. Launch U.S.$[**] [**] anniversary of U.S. Launch U.S.$[**] [**] anniversary of U.S. Launch U.S.$[**]
Time is Money Join Law Insider Premium to draft better contracts faster.