Abboxx'▇ ▇▇▇ Sales definition

Abboxx'▇ ▇▇▇ Sales means the [*] of the Products in the twelve (12) months preceding the Effective Date of the Termination to the extent such sales are equal to or less than [*] Dollars ($[*]) plus [*] percent ([*]%) of all sales of the Products during such period in excess of such amount. The Termination Fee shall be calculated and payable over a five (5) year period as follows: Year After Amount Payable as a % of Abboxx'x Xxx Sales in Effective Date of Termination 12 Months Preceding Effective Date of Termination ----------------------------- ------------------------------------------------- Year 1 [*]% Year 2 [*]% Year 3 [*]% Year 4 [*]% Year 5 [*]% Such amounts shall be payable by MTI's Successor to Abbott once annually on the anniversary of the effective date of termination for a period of five (5) years * CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH COMMISSION. following termination of this Agreement. Following an MTI Change of Control Event, if MTI's Successor fails to notify Abbott of its intention to terminate this Agreement within ninety (90) days of such MTI Change of Control Event, the Agreement shall remain in effect, provided that if MTI ceases to exist as a corporate entity, MTI's Successor has taken assignment of and assumed all rights and obligations of MTI under the terms and conditions of the Agreement for the remainder of the Term.
Source 1

Related to Abboxx'▇ ▇▇▇ Sales

  • Hemp products means all products made from industrial hemp,

  • Cannabis products means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • HCD means the California Department of Housing and Community Development.

  • Microbrewery means a brewery in the United States or in a

  • Cannabis wholesaler means any licensed person or entity that purchases or otherwise obtains, stores, sells or otherwise transfers, and may transport, cannabis items for the purpose of resale or other transfer to either another cannabis wholesaler or to a cannabis retailer, but not to consumers.