Common use of Milestone Event Milestone Payment Clause in Contracts

Milestone Event Milestone Payment. Annual Net Sales of a given Product in Territory first reach [***] [*** ] Annual Net Sales of a given Product in Territory first reach [***] [*** ] The above milestone payments are payable only once for a particular Product, and shall be payable on a Product-by-Product basis for each Product to reach the indicated annual Net Sales threshold. The payments payable by BMS to Ambrx under this Section 8.3 shall be paid within sixty (60) days following the end of the applicable Calendar Year.

Milestone Event Milestone Payment. Annual Aggregate annual Net Sales of a given Product in Territory first reach [***] [*** *] Annual Aggregate annual Net Sales of a given Product in Territory first reach [***] [*** *] The above milestone payments payment amounts are noncreditable and nonrefundable, and payable only once for a particular Productonce, and shall be such that the maximum amount payable on a Product-by-Product basis for each Product to reach the indicated annual Net Sales thresholdunder this Section 8.3 is[***]. The payments payable by BMS to Ambrx under this Section 8.3 shall be paid within sixty (60) days following the end of the applicable Calendar Year.

Milestone Event Milestone Payment. Annual Aggregate annual Net Sales of a given Product in Territory first reach [***] [*** *] Annual Aggregate annual Net Sales of a given Product in Territory first reach [***] [*** *] The above milestone payments payment amounts are noncreditable and nonrefundable, and payable only once for a particular Productonce, and shall be such that the maximum amount payable on a Product-by-Product basis for each Product to reach the indicated annual Net Sales thresholdunder this Section 8.3 is one hundred fifty million Dollars ($150 million). The payments payable by BMS to Ambrx under this Section 8.3 shall be paid within sixty (60) days following the end of the applicable Calendar Year.