Annual Purchased Amount definition

Annual Purchased Amount means, with respect to Finished Product and/or Samples of Trospium Twice-Daily the sum of (a) the amount of such Finished Product and/or Samples that is delivered to Esprit during any one (1) year period commencing on September 1, 2007 or an anniversary thereof plus (b) the amount of such Finished Product and/or Samples subject to accepted and open (non-cancelled) firm Purchase Orders submitted by Esprit and requesting delivery during the applicable annual period, in accordance with the terms and conditions of Article 14, if such Finished Product and/or Samples have not been delivered on a timely basis through no fault of Esprit.
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Annual Purchased Amount means, with respect to Finished Product supplied by Indevus during any Calendar Year, the sum of (i) the amount of Finished Product that is delivered to Odyssey during such Calendar Year plus (ii) the amount of Finished Product subject to accepted and open (non-cancelled) firm purchase orders submitted by Odyssey and providing for delivery during such Calendar Year, in accordance with the terms and conditions of Article 14, if such Finished Product has not been delivered on a timely basis through no fault of Odyssey.
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Examples of Annual Purchased Amount in a sentence

  • In addition, with respect to Trospium Twice-Daily, the report shall include a calculation of the actual quantity of Samples purchased by Esprit for that year as a percentage of the Annual Purchased Amount for that year and any reconciliation caused by the difference between such actual quantity and the quantity of Samples used to determine the Forecasted Supply Price for Trospium Twice-Daily.

  • For the Launch Year, quantities of Product ordered for delivery in advance of the date of First Commercial Sale shall be included in the Annual Purchased Amount for Launch Year.

  • Subject to the provisions of subsection (c) below, the Annual Purchased Amount for the Launch Period shall be at least [*] percent ([*]%) of the Annual Forecast Amount for the Launch Period.

  • For the Launch Period, (A) quantities of Finished Product ordered for delivery in advance of the Launch Date shall be included in the Annual Purchased Amount for Launch Period; and (B) Odyssey shall on a quarterly basis update and, if necessary, revise the Annual Forecast Amount, provided that such revisions shall not alter or effect the [*] percent ([*]%) requirement of the initial Launch Period forecast.

  • Accordingly, the Annual Purchased Amount for any Subsequent Year shall be at least [*]% of the Annual Forecast Amount set forth in the initial Odyssey forecast for such Subsequent Year.

  • In the event that the Annual Purchased Amount in any 12 month period does not equal or exceed [*]% of the Annual Forecast Amount for the first 12 month period, Indevus shall pay to ▇▇▇▇▇▇ a fee (the "Minimum Fee") as set forth in Schedule 4.1 hereto, provided, however, that Indevus shall not be obligated to pay the Minimum Fee in the event that Indevus' failure to meet such [*]% requirement is attributable to the fault of ▇▇▇▇▇▇ or to any regulatory or safety issue relating to Product.

  • The total quantity of Product purchased for commercial use and for samples for any year shall be the "Annual Purchased Amount".

  • The Annual Purchased Amount for each Subsequent Year shall, accordingly, be at least [*] % of the Annual Forecast Amount set forth in each Indevus forecast for each initial 12 month period set out in each forecast.

  • Subject to the provisions of subsection 4.1 (c) below, the Annual Purchased Amount for the Launch Year shall be at least [*] percent ([*]%) of the Annual Forecast Amount for the Launch Year and ▇▇▇▇▇▇ will be obligated to supply up to [*] percent ([*])% of the Annual Forecast Amount for the Launch Year, provided, however, that ▇▇▇▇▇▇ shall use its best efforts to satisfy any purchase orders exceeding [*] percent ([*]%) of the Annual Forecast Amount.

  • In the event that the Annual Purchased Amount in any 12 month period does not equal or exceed [*]% of the Annual Forecast Amount set forth in the initial forecast for such 12 month period, Odyssey shall reimburse Indevus for any Minimum Supply Fees paid by Indevus pursuant to Section 4.1(c) of the ▇▇▇▇▇▇ Supply Agreement.