Net Sales Milestone Payments. In consideration of Hospira’s rights under this Agreement, Hospira shall pay to Pfenex:
Net Sales Milestone Payments. (a) In the event that: (i) there are Net Sales of […***…] or greater in any […***…] occurring in […***…] (the “Quarterly Net Sales Milestone”), and (ii) the applicable “Annual Net Sales” dollar value set forth below is achieved during the Milestone Period (based on the Net Sales of the Product in any full calendar year) (each, an “Annual Net Sales Milestone” and, collectively, the “Annual Net Sales Milestones”), Purchaser shall, in each case, pay to Seller each of the one-time only, non-refundable, non-creditable net sales milestones (each, a “Net Sales Milestone Payment” and, collectively, the “
Net Sales Milestone Payments. As further consideration of DRL’s transfer, sale, assignment, and conveyance of the Assigned Assets pursuant Section 5.1, Journey shall pay DRL within thirty (30) days following the end of an applicable Calendar Year, the highest “Milestone Payment” set forth in Table 7.5 out of all of the “Milestone Events” achieved by Journey (or its Affiliate, Sublicensee or Acquiror) in such Calendar Year. Within twelve (12) months following the payment of such Milestone Payment, Journey will pay to DRL (a) the next highest unpaid “Milestone Payment(s)” set forth in Table 7.5 for any “Milestone Event” previously achieved by Journey (or its Affiliate, Sublicensee, or Acquiror) or (b) if Journey achieves a Milestone Event associated with a higher Milestone Payment in a year following a previous Milestone Payment, Journey will only pay DRL the higher Milestone Payment. Once a Milestone Payment has been triggered under this Section 7.5, Journey is obligated to make payment on Milestone Events for all lower Milestone Payments than the highest achieved Milestone Payment until all Milestone Payments set forth in this Section 7.5 have been paid. Each Milestone Payment set forth in this Section 7.5 is payable only once (i.e., the first time the Milestone Event is achieved) and is nonrefundable once paid. For clarity, this means that the maximum amount payable under this Section 7.5 is [***] ($[***]). Journey shall notify DRL promptly following the date of the occurrence of each Milestone Event.
Net Sales Milestone Payments. Within […***…] of the end of the first calendar year in which each of the milestone events set forth in the table below is achieved, Equillium shall provide Biocon with written notice of such achievement and shall pay to Biocon the corresponding one-time, non-refundable, non-creditable milestone payment set forth below: Milestone Event Milestone Payment First calendar year in which aggregate annual Net Sales of Products in the Equillium Territory exceed $[…***…] $[…***…] First calendar year in which aggregate annual Net Sales of Products in the Equillium Territory exceed $[…***…] $[…***…] First calendar year in which aggregate annual Net Sales of Products in the Equillium Territory exceed $[…***…] $[…***…] First calendar year in which aggregate annual Net Sales of Products in the Equillium Territory exceed $[…***…] $[…***…] ***Certain Confidential Information Omitted
Net Sales Milestone Payments. Within [***] days of the end of the first Calendar Year in which each of the milestone events set forth in the table below is achieved by Jazz, its Affiliates or Sublicensees (each, a “Sales Milestone”), Jazz shall provide PharmaMar with written notice of such achievement and shall, subject to any credits available pursuant to Section 8.3(b), Section 8.2 or Section 8.5, pay to PharmaMar the corresponding onetime, non-refundable milestone payment set forth below: Milestone Event Milestone Payment
Net Sales Milestone Payments. On a Drug Discovery Program-by-Drug Discovery Program basis, for the first Calendar Year in which Annual worldwide Net Sales of the first Product progressed from a Drug Discovery Program that achieves or exceeds each of the levels of Annual worldwide Net Sales set forth in Table 3 below (each, a “Sales Milestone Event”), JBI will pay Isis the corresponding one-time Sales Milestone Event payment within [***] days of the end of the Calendar Quarter during such Calendar Year in which such Sales Milestone Event occurs. Table 3 Annual Worldwide Net Sales Sales Milestone Event Payment ≥ $[***] $[***] ≥ $[***] $[***] ≥ $[***] $[***] Each Sales Milestone Event payment set forth in Table 3 above will be due only one time per Drug Discovery Program, for the first Calendar Year in which the corresponding Sales Milestone Event occurs. If more than one of the above Sales Milestone Events is achieved in the same year, JBI will pay all applicable milestone payments.
Net Sales Milestone Payments. Licensee will pay the following one-time Net Sales milestone payments (the “Net Sales Milestones”) to Licensor when the aggregate Net Sales in the Territory in any Calendar Year first reach the specified amount listed in the “Net Sales Milestone Event” column in the table below. For the avoidance of doubt, the payments set forth in the column headed “Series A Product Payments” will be made upon the first achievement of the applicable Net Sales Milestone Event with respect to only a Series A Product and the payments set forth in the column headed “Series B Product Payments” will be made upon the first achievement of the applicable Net Sales Milestone Event with respect to only a Series B Product. Licensee will notify Licensor in writing within [***] days after the end of the Calendar Quarter in which the applicable Net Sales Milestone Event is achieved and payment shall accompany [***]. Each such payment shall be made in cash, in Dollars. No. Net Sales Milestone Event Series A Product Payments Series B Product Payments [***] The Net Sales Milestone payments are payable only once with respect to Series A Products and only once with respect to Series B Products. The Net Sales Milestone payments shall not be refundable or creditable against any future payments by Licensee to Licensor under this Agreement. For clarity, this means that the total maximum amount of Net Sales Milestone payments payable assuming achievement of each Net Sales Milestone Event for (i) Series A Products is [***] and (ii) Series B Products is [***].
Net Sales Milestone Payments. Salubris shall pay to Viracta the one- time, non-refundable, non-creditable payments set forth in the table below when the annual aggregate Net Sales of all Products in the Territory in any Calendar Year first reach the values indicated in the table below. Aggregate Net Sales of all Products in the Territory in a Calendar Year Milestone Payment [***] [***] $[***] [***] $[***] [***] $[***] [***] [***] $[***] [***] $[***] [***] $[***] TOTAL $[***] For clarity, each payment in this Section 8.5(a) shall be payable only once upon the first achievement of the applicable milestone event, regardless of the number of times such milestone is subsequently achieved. For further clarity, [***]. Notwithstanding the foregoing, [***].
Net Sales Milestone Payments. Buyer shall pay the following one-time, non-refundable, non-creditable Net Sales milestone payments (the “Net Sales Milestone Payments”) to Brickell when the annual Net Sales for all Products in any calendar year in the Territory first reaches the specified amount listed in the “Net Sales Milestone Event” column in the table below. Buyer shall notify Brickell in writing within [***] after the end of the [***] in which the applicable Net Sales Milestone Event is achieved and payment shall accompany such report. Each such payment shall be made in cash, by wire transfer of immediately available funds to the account specified in writing by Brickell. Each Net Sales Milestone Payment is payable only once with respect to the Products. For clarity, this means that the total maximum amount of Net Sales Milestone Payments payable by Buyer to Brickell, assuming achievement of all Net Sales Milestone Events, is $160,000,000. Net Sales Milestone Event Milestone Payment [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]
Net Sales Milestone Payments. Allergan shall notify Serenity promptly, but in no event later than *** days, after the first achievement of the relevant sales milestone for Products as set forth in the table in this Section 7.3, below. In consideration for the intellectual property rights assigned and licenses granted to Allergan by Serenity under Sections 2.1, 2.2, and 2.5, Allergan shall make the following one-time, nonrefundable, noncreditable milestone payments to Serenity within *** days after receipt of an invoice from Serenity therefor. Milestone Event Payment (millions of Dollars) *** *** Total ***
