Common use of Milestone Events Clause in Contracts

Milestone Events. Subject to the remainder of this Section 4.2, Licensee shall pay to Licensor the following one time (for each Product), non-refundable sales milestone payments set forth in the table below when the aggregated annual Net Sales of each Product sold in the Territory in a calendar year first reach the corresponding threshold value indicated below. Annual Net Sale of each Product in the Territory Milestone Payment 1) Equal or exceed $ [***] $ [***] 2) Equal or exceed $ [***] $ [***] 3) Equal or exceed $ [***] $ [***] Total (for each Product) $ 45,000,000

Milestone Events. Subject to the remainder of this Section 4.2, Licensee shall pay to Licensor the following one time (for each Product), non-refundable sales milestone payments set forth in the table below when the aggregated annual Net Sales of each Product sold in the Territory in a calendar year first reach the corresponding threshold value indicated below. Annual Net Sale of each Product in the Territory Milestone Payment 1) Equal or exceed $ $[***] $ [[ ***] 2) Equal or exceed $ [***] $ [***] 3) Equal or exceed $ [***] $ [***] Total (for each Product) $ 45,000,000]

Milestone Events. Subject to the remainder of this Section 4.24.4, Licensee shall pay to Licensor the following one time (for each Product)one-time, non-refundable sales milestone payments set forth in the table below when the aggregated annual Net Sales of each the Product sold in the Territory in a calendar year first reach the corresponding threshold value indicated below. Annual Net Sale of each the Product in the Territory Milestone Payment 1) . Equal or exceed $ [***] $ [[ ***] 2) Equal or exceed $ [***] $ [***] 3) Equal or exceed $ [***] $ [***] Total (for each Product) $ 45,000,000]