Bottom Price definition
Examples of Bottom Price in a sentence
Notwithstanding any other provision of this Agreement, or of any Related Agreements between the Parties hereto, the Tentative Formula Price and Final Formula Price for Finished Product set forth in Sections 5.3.1 and 5.3.2 hereof shall in no event be lower than the Bottom Price.
Until such conditions are satisfied, ▇▇▇▇▇▇ ▇▇▇▇▇ shall continue to supply Finished Product to NOVACEA at [*] percent ([*]%) of the Bottom Price.
If at any time the ▇▇▇▇▇▇ ▇▇▇▇▇ Formula Price is lower than the Bottom Price, the Parties, directly or through the JCC, shall consult to discuss the commercial viability of continued supply by ▇▇▇▇▇▇ ▇▇▇▇▇.
Notwithstanding the above, the transfer price to be paid by Cypress to ▇▇▇▇▇▇ ▇▇▇▇▇ for API shall under no circumstances be less than [...***...] per kilogram of API (the "Bottom Price").
However, we have discretion to set the Strike Price below the Bidding clearing price but at or above the Bottom Price indicated in the Bidding announcement.
Improvements will be supplied by ▇▇▇▇▇▇ ▇▇▇▇▇ to NOVACEA at mutually acceptable supply terms, negotiated by the Parties in good faith; provided, however, that if such Improvement includes Compound or a softgel capsule containing Compound, then the invoice price of such elements per milligram of Compound shall not be lower than the Bottom Price.
Within sixty (60) days after such notice, ▇▇▇▇▇▇ ▇▇▇▇▇ will either confirm that it will supply the Finished Product at the Formula Price applicable thereto or notify NOVACEA that it will supply Finished Product at the Bottom Price, and give notice of the Bottom Price, because such Formula Price is lower than Bottom Price.