Aggregate Annual Net Sales definition

Aggregate Annual Net Sales means, for each calendar year starting with the calendar year in which the First Commercial Sale occurs for a Product, the total Net Sales of such Product during such calendar year.
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Aggregate Annual Net Sales of a Licensed Product shall mean aggregate Net Sales of such Licensed Product by Licensee and its Affiliates and Sublicensees in the Territory in a calendar year.
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Aggregate Annual Net Sales has the meaning set forth in Section 8.4(a) (Royalty Payments).
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Examples of Aggregate Annual Net Sales in a sentence

  • Aggregate Annual Net Sales in the U.S. Payment $[ * ] $[ * ] million $[ * ] $[ * ] million $[ * ] $[ * ] million Each milestone in this Section 8.5(a) shall be paid only once.

  • For purposes of illustration only, if Aggregate Annual Net Sales of a Tekmira Product are $[**] and royalties due to Third Parties in respect of the sale of such product total [**] percent ([**]%) of Net Sales (or $[**]), royalties due to Alnylam may be reduced only by $[**] which is determined as follows: maximum reduction is [**] of the royalty due on Net Sales of $[**], calculated by [**].

  • Aggregate Annual Net Sales in the Royalty rate Territory $100,000,000 or less [**]% $100,000,001 to $200,000,000 [**]% $200,000,001 to $300,000,000 [**]% $300,000,001 to $400,000,000 [**]% $400,000,001 to $500,000,000 [**]% More than $500,000,000 [**]% For the avoidance of doubt, the above rates are incremental rates that apply to the Net Sales indicated for each applicable rate only.

  • Aggregate Annual Net Sales Royalty Rate Portion of aggregate annual Net Sales […***…] […***…] Portion of aggregate annual Net Sales […***…] […***…] Portion of aggregate annual Net Sales […***…] […***…] Portion of aggregate annual Net Sales […***…] […***…] For Amgen Optioned Products, the royalty rate shall be […***…]with respect to the Net Sales of all Amgen Optioned Products sold by the Selling Party during the Royalty Term for such Amgen Optioned Product.

  • Commercial Milestones Aggregate Annual Net Sales Level Achievement of the Licensed Product in the Territory ([*]) Milestone Payment Amount [*] [*] Any milestone payment payable by Grünenthal pursuant to this Section 7.2 shall be made no more than once with respect to the achievement of each such milestone event.

  • The City Attorney is the authority as to questions regarding what qualifies as public work.

  • Licensee shall pay Licensor the following one-time commercial milestone payments, up to a maximum cumulative amount of [* * *] in payments under this Section 5.4 during the Term, upon Licensee’s achievement of each of the following Aggregate Annual Net Sales targets as follows: [* * *].

  • Aggregate Annual Net Sales in RoW Payment $[*] $[*] million $[*] $[*] million Each milestone in this Section 8.5(c) shall be paid only once.

  • Licensee shall pay a [***]% royalty to Licensor on incremental Aggregate Annual Net Sales of each AN352 Product in each calendar year, and a [***]% royalty to Licensor on incremental Aggregate Annual Net Sales of each Licensed Product other than AN352 Products in each calendar year.

  • The project was completed on time and on budget (approximately $25 M) which was no easy feat particularly for the state of Nevada due to its multi-type institutions across great distances.


More Definitions of Aggregate Annual Net Sales

Aggregate Annual Net Sales means the aggregate of Net Sales each calendar year for all Genentech Licensed Products.
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Aggregate Annual Net Sales for a Calendar Year means the aggregate Net Sales of all of Lian, Lian Affiliates, and Sublicensees for all Licensed Products in all Regions within the Territory in such Calendar Year.
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Aggregate Annual Net Sales means aggregate Net Sales of all Licensed Products in the Territory during the applicable Calendar Year.
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Aggregate Annual Net Sales means, the aggregate Net Sales of all Products by Pediatrix and its Affiliates and Sublicensee in the Pediatrix Territory in a given Calendar Year.
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Aggregate Annual Net Sales means the [****]. For the avoidance of doubt, [****].
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Related to Aggregate Annual Net Sales

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Net Sales means [***].

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.