Calendar Quarter definition

Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

Calendar Quarter means each successive period of three (3) calendar months commencing on January 1, April 1, July 1 and October 1, except that the first Calendar Quarter of the Term shall commence on the Effective Date and end on the day immediately prior to the first to occur of January 1, April 1, July 1 or October 1 after the Effective Date, and the last Calendar Quarter shall end on the last day of the Term.

Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31; provided, however, that (a) the first Calendar Quarter of the Term shall extend from the Effective Date to the end of the first complete Calendar Quarter thereafter; and (b) the last Calendar Quarter of the Term shall end upon the expiration or termination of this Agreement.

Examples of Calendar Quarter in a sentence

• If, during any Calendar Quarter in which a Third Party commercially sells a Biosimilar Product with respect to a Licensed Product in a country, and which Biosimilar Competition Market Share is greater than [***] in such country, the applicable royalty rate set forth in Section 6.5(a) with respect to such Licensed Product and such country shall be reduced by [***], subject to Section 6.5(d).

• In no event will the aggregate royalty reductions pursuant to Section 6.5(c) reduce the effective royalty rate applicable [***] in such country during such Calendar Quarter.

• In any Calendar Quarter in which a Licensed Product is not Covered by a Valid Claim of a Licensed Patent in a country where such Licensed Product is sold but such Licensed Product has Regulatory Exclusivity in such country, the applicable royalty rate set forth in Section 6.5(a) with respect to such Licensed Product and such country shall be reduced by [***] subject to Section 6.5(d).

• If any currency conversion shall be required in connection with the calculation of amounts payable hereunder, (a) with respect to royalty payments on Net Sales, such conversion shall be made in accordance with GAAP, and (b) with respect to all other payments, such conversion shall be made using the average of the buying and selling rates on the last [***] of the Calendar Quarter to which such amounts pertain, as published by The Wall Street Journal, Internet Edition at xxx.xxx.xxx.

• Sales milestone payments under Section 6.4 and royalties under Section 6.5 and payments on Sublicensing Revenue under Section 6.6 shall be calculated and reported for each Calendar Quarter and shall be paid within [***] following the end of such Calendar Quarter.

More Definitions of Calendar Quarter

Calendar Quarter means a three-month period beginning on January, April, July or October 1st.

Calendar Quarter means the three-month period ending on the last day of March, June, September, or December.

Calendar Quarter means each of: the period beginning on and including January 1 and ending on and including March 31; the period beginning on and including April 1 and ending on and including June 30; the period beginning on and including July 1 and ending on and including September 30; and the period beginning on and including October 1 and ending on and including December 31.

Calendar Quarter. A Calendar Quarter shall consist of one of the following time periods in any given year: January 1 through March 31, April 1 through June 30, July 1 through September 30, and October 1 through December 31.

Calendar Quarter means a quarterly period (a) for the first such period, beginning on the Commencement Date and ending on the last calendar day of either March, June, September or December, whichever is the first to occur after the Commencement Date, and (b) for quarterly periods thereafter, beginning on the first calendar day of the calendar month immediately after the month that ended the prior period and ending on the last calendar day of each successive three-calendar-month period thereafter (i.e., each March, June, September and December, starting in the applicable order depending on the ending date of first such period) of any year.

Calendar Quarter means the respective periods of three consecutive calendar months ending on March 31, June 30, September 30 and December 31.

Calendar Quarter means not less than 12 consecutive weeks nor more than 14 consecutive weeks. The first calendar quarter of each year shall begin in January and subsequent calendar quarters shall be so arranged such that no day is included in more than one calendar quarter and no day in any one year is omitted from inclusion within a calendar quarter. The method observed by the licensee or registrant for determining calendar quarters shall only be changed at the beginning of a year.