Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.
Annual Net Sales means, with respect to any Licensed Product in a Calendar Year during the applicable Royalty Term for such Licensed Product, the aggregate Net Sales by a Party, its Affiliates and its Sublicensees from the sale of such Licensed Product in the Territory during such Calendar Year.
Examples of Annual Net Sales in a sentence
In partial consideration of the rights granted by Xxxxxxx to Pharming hereunder, Pharming shall pay to Orchard the following non-creditable, non-refundable milestone payments (the “Sales Milestone Payments”) upon the first achievement, as a result of the Annual Net Sales of Pharming, its Affiliates and/or Sublicensees, of each of the corresponding milestone events set out in the table below (the “Sales Milestones”) for the Licensed Product in the Field.
More Definitions of Annual Net Sales
Annual Net Sales means, with respect to a particular calendar year, the total Net Sales for such calendar year.
Annual Net Sales means the cumulative Net Sales in the Territory of all Royalty Products in an applicable Calendar Year.
Annual Net Sales means, for any Year, the Net Sales for such Year.
Annual Net Sales means the Net Sales generated over any given Calendar Year.
Annual Net Sales means aggregate Net Sales of all Products sold in the Territory in a particular calendar year. For such purposes, units of Product shall be considered sold when such units are shipped to a Third Party or the revenue from the sale thereof is recognized by the Selling Party for financial reporting purposes, whichever occurs first.
Annual Net Sales means Net Sales (as defined below) in any calendar year.
Annual Net Sales shall have the meaning assigned thereto in Section 9.6.