Examples of Average Net Sales Price in a sentence
If Inverness's Average Net Sales Price for that Product in that country during any calendar quarter during the Royalty Term for such country is *, then the royalty payable for each such Product Sold during such calendar quarter would be equal to the Minimum Royalty Value for such Product in such country plus *.
By way of example, if Inverness's Average Net Sales Price of a Product in a given country in any calendar quarter during the Royalty Term for such country is less than *, then the royalty payable for each such Product Sold during such calendar quarter would be equal to the Minimum Royalty Value for such Product in such country.
Notwithstanding the above stated Minimum Projected Average Net Sales Price the Parties agree in the event the Actual Average Net Sales Price for three consecutive months is less than the Minimum Projected Average Net Sales Price, the Parties shall meet and agree in good faith a revised Minimum Projected Average Net Sales.
Notwithstanding anything to the contrary contained in this Agreement, the Projected Average Net Sales Price for the Product shall not be less than the Minimum Projected Average Net Sales Price unless the Parties meet, confer and agree on a different Projected Average Net Sales Price.
In addition, Licensee shall pay to AB a royalty of [***] of the Average Net Sales Price (calculated in the same manner per Section 1.21(Net Sales) as a non-arms length sale of such products occurring on the date such services are rendered) of any Licensed Real-Time Thermal Cyclers, and repair or replacement components thereof, that are used by Licensee in providing services.