Commercial Viability definition

Commercial Viability means the case in which (a) the ratio of Product’s Cost of Goods over the awarded actual/expected Net Selling Price is lower than 20.00% (twenty per cent) in all the following countries of the Relief Territory: Italy, Germany, Spain, UK, France, Belgium and, (b) it reasonably allows Relief to reach a cumulative breakeven point within the term of 3 (three) years from the First Commercial Sale.

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Commercial Viability means the Applicant:

Commercial Viability means the ability of Clustered Water Authority to cover or meet all its operation and maintenance cost;

Examples of Commercial Viability in a sentence

• The Production Phase will start on the date of submission of the Declaration of Commercial Viability and duration limited by the term of this Agreement.

• If, following Takeda’s receipt of notice of a Commercial Viability Termination, Takeda reasonably and in good faith disputes Licensee’s determination with respect to the applicable Licensed Products’ lack of commercial viability (which notice shall contain the factual basis upon which Takeda disputes such determination), then Takeda will notify Licensee in writing within [***] days.

• The Consortium Members shall submit the Development Plan to ANP within 180 (one hundred and eighty) days from the submission of the Declaration of Commercial Viability or the receipt of the communication of approval of the Final Report on the Assessment of Oil or Natural Gas Discoveries, whichever occurs last.

• The Start Date of Field Production shall occur within a maximum period of five (5) years, extendable at the discretion of the Contracting Party, after hearing ANP, counted from the date of submission of the Declaration of Commercial Viability.

• Following the Oil or Natural Gas Discovery Assessment Plan approved by ANP, the Operating Committee may, at its discretion, make the Declaration of Commercial Viability of the Discovery.

• In furtherance thereof, Relief will be deemed to have exercised Commercially Reasonable Efforts for Development in the Relief Territory if it files an MAA for Regulatory Approval for the Product in the EU within three (3) years from the first positive assessment of Commercial Viability.

• If the Final Report for the Evaluation of Oil or Natural Gas Discoveries has not yet been submitted to ANP, it must accompany the Declaration of Commercial Viability.

• The presentation of one or more Declarations of Commercial Viability shall not exempt the Consortium Members from compliance with the Minimum Exploration Program.

• Subject to the occurence and continuation of Product’s Commercial Viability, Relief will be responsible for and will use Commercially Reasonable Efforts to Commercialize in the Relief Territory following Regulatory Approval.

• Commercial Viability will be assessed every 6 months after the Effective Date while Relief maintains the License granted under this Agreement.

More Definitions of Commercial Viability

Commercial Viability means, in respect to an urban water service, the ability to meet capital and operational costs out of the water revenue and, in respect to a rural

Commercial Viability and "Commercially Viable" mean that the net revenue generated for each Party from the sale of the ART SoftScan Product, as calculated on an annual basis, is sufficient to provide each Party with a profit margin (after taking into consideration all appropriate associated costs) favorably comparable to the average profit margin (after taking into consideration all appropriate associated costs) of the other products of such Party's product portfolio.

Commercial Viability means the successful validation and qualification of a Supply Product and the receipt of all necessary approvals with respect to the commercial launch of such Supply Product.

Commercial Viability means, in respect to an urban water service, the ability to meet capital and operation and maintenance costs out of the water revenue and, in respect to a rural water service or a water service serving a low income urban area, the ability to meet operation and maintenance costs out of the water revenue year on year taking account of the input costs of providing the licenced service, the extent of non-revenue water, the consumer base, the efficiency of the service, applicable national and international benchmarks for sustainable water service and other relevant considerations.