Launch Stocks Sample Clauses
The "Launch Stocks" clause defines the terms and conditions under which new shares or stock options are issued by a company, typically in connection with a product launch, new business initiative, or funding round. This clause outlines the eligibility criteria for recipients, the number and type of shares to be issued, and any vesting or lock-up periods that may apply. Its core practical function is to ensure transparency and fairness in the allocation of new equity, while also protecting the interests of existing shareholders and supporting the company's strategic objectives.
Launch Stocks. Within six months prior to an anticipated Regulatory Approval in a Major Market, the parties shall discuss and agree upon the manufacture and purchase of specific quantities of Launch Stocks for launch of the Product in the applicable Major Market.
4.7.1 Launch Stocks shall be ordered not later than 20 Business Days from receipt by Acorda of an approval letter, from the FDA or equivalent Governmental Authority in respect of the NDA or an NDA Equivalent in another Major Market.
4.7.2 Acorda may use the validation batches of the Product as Launch Stocks, subject to compliance with applicable laws, the Licence Agreement and other provisions of this Agreement, provided that in such event, any amounts previously paid by Acorda to Elan for such validation batches shall be credited against the applicable price for Launch Stocks under Clause 9.1.
Launch Stocks. At least [*****] prior to an anticipated Regulatory Approval in a Major Market Country, the Parties shall discuss and agree upon the manufacture and purchase of specific quantities of Launch Stocks for launch of the Product in the applicable Major Market Country. Launch Stocks shall be ordered not later than [*****] from receipt by Licensee of an approval letter from a Regulatory Authority in respect of an NDA in a Major Market Country.
Launch Stocks. Notwithstanding anything to the contrary in this Agreement, Client shall pay in advance for quantities of Exclusive Components, Critical Components and Product-Specific Items required for commercialization of the applicable Product prior to Halo ordering these supplies. This amount will be invoiced separately and due [***] days after Client’s receipt of the invoice. Invoices issued to Client for Product manufactured using pre-paid Exclusive Components or Critical Components will reflect a credit for the applicable portion of the pre-payment.
Launch Stocks. In advance of the first marketing authorisation for a Product in the ▇▇▇▇ Territory, the Parties shall discuss and agree upon the manufacture and purchase of specific quantities of launch stock; however, for the avoidance of doubt, the Parties hereby confirm that Prometheus’s obligation to manufacture any quantity of a Product for ▇▇▇▇ shall only arise on Firm Orders.