Actual Annual Yield definition

Actual Annual Yield or “AAY” has the meaning specified in Section 2.2(a);

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Actual Annual Yield means the percentage of the Quantity Dispensed that was converted to Products for the Product at the Manufacturing Site in that Year and is calculated as follows:

Actual Annual Yield. (I) ((E/D) * 100) Shortfall: $_______________________ (J) (((H - 3 - I)/100) * G * D) (if a negative number, insert zero) Reimbursement calculation:

Examples of Actual Annual Yield in a sentence

It will not be a material breach of this Agreement by Patheon under Section 8.2(a) if the Actual Annual Yield is less than the Target Yield.
It shall not constitute a material breach of this Agreement by Patheon, for the purposes of Section 8.2(a), if the Actual Annual Yield is less that the Target Yield.
Thereafter, Patheon shall strive to maintain Actual Annual Yield levels for each Product above the applicable Target Yield.
If Patheon has used commercially reasonable efforts to achieve the Target Yield and if the Actual Yield is not less than 80% of the Target Yield, it will not be a material breach of this Agreement by Patheon under Section 8.2(a) if the Actual Annual Yield is less than the Target Yield.
It will not be a material breach of this Agreement by Patheon under Section 8.2(a) if the Actual Annual Yield is less than the Target Yield unless the Actual Annual Yield is more than […***…]% below the Target Yield.
If the Actual Annual Yield falls more than [**] percent below the respective Target Yield in a Year, then the shortfall for such Year (the "Shortfall") shall be determined based on the following calculation: [**] The Shortfall shall be disclosed by Patheon to the Client on the reconciliation report prepared in the form annexed hereto as Schedule I.
But Client will be released from the Exclusivity Obligation set forth in Section 2.1.1 if the Actual Annual Yield falls more than [***] below the Target Yield in any Year.
Within 60 days after the end of each Year, Patheon will prepare an annual reconciliation of Active Materials on the reconciliation report form set forth in Exhibit C including the calculation of the "Actual Annual Yield" or "AAY" for the Product at the Manufacturing Site during the Year.
If the Actual Annual Yield falls below the respective Target Yield in a Year, then the shortfall for such Year (the “Shortfall”) shall be determined based on the following calculation: [(Target Yield – AAY] * API Credit Value * Quantity Dispensed ***Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.
Faculty who teach the accompanying seminar, which such students must attend, will be compensated at a rate of 0.25 contact hours per student registered in seminar.

More Definitions of Actual Annual Yield

Actual Annual Yield has the meaning given in Section 5.4.1.

Actual Annual Yield has the meaning set forth in Section 7.5.2.

Actual Annual Yield or “AAY” will have the meaning provided in Section 4.2(b) of this Agreement.

Actual Annual Yield. (H) ((E ∕ D) * 100) [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. Master Manufacturing Services Agreement [*] Based on the foregoing reimbursement calculation Patheon will reimburse Client the amount of $ . Capitalized terms used in this report have the meanings given to the terms in the Agreement. DATE: PATHEON PHARMACEUTICALS INC. [or applicable Patheon Affiliate] Per: Name: Title:

Actual Annual Yield has the meaning set forth for such term in the Patheon Agreement, or shall have such other meaning as agreed to in writing by the Parties.

Actual Annual Yield or “AAY” has the meaning specified in Section 2.2(a); “Actual Yearly Volume” or “AYV” for each Product has the meaning specified in the applicable Product Agreement; "Affiliate" means: