Development Milestone Payments definition

Development Milestone Payments has the meaning set forth in Section 3.2.

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Development Milestone Payments has the meaning set forth in Section 10.2.1 (Development Milestone Events and Payments).

Development Milestone Payments has the meaning set out in Paragraph 2.2;

Examples of Development Milestone Payments in a sentence

• All Development Milestone Payments shall be non-refundable and noncreditable.

• Licensee shall keep, and shall require its Affiliates and Sublicensees to keep, accurate records (together with supporting documentation) of sales of Licensed Products and Licensed Processes as appropriate to determine the amount of royalties, Sublicense Payments, Product Development Milestone Payments and other monies due to TSRI hereunder, as well as records regarding the calculations of royalty offsets and Combination Products.

• No additional Development Milestone Payments will be made for any subsequent achievement of such Development Milestone Event.

• Notwithstanding anything to the contrary in this Agreement, Development Milestone Payments shall only be owed pursuant to this Section 5.4.1 for those Agreement PDCs and Licensed Products of which the manufacture or sale is covered by a Valid Claim.

• If a Development Milestone Event for a Target is skipped (i.e., a later Development Milestone Event for a Target is payable before the achievement of an earlier Development Milestone Event for such Target), then the Development Milestone Payments for such earlier-listed and skipped Development Milestone Events for such Target will be deemed to have been achieved upon the achievement of the subsequent Development Milestone Event; [***].

More Definitions of Development Milestone Payments

Development Milestone Payments shall have the meaning given to it in Schedule 2;

Development Milestone Payments for a Product has the meaning set out in the applicable Product Schedule;

Development Milestone Payments means all revenues, receipts, monies, milestone payments and research and development fees (in respect of research and development fees. only to the extent that same are in excess of reimbursement for the direct costs and Indirect Costs of research and development or pursuit of Regulatory Approval undertaken by Poniard or its Affiliates pursuant to a written research or development plan), payments (including amounts received from the sale of shares in the capital stock of Poniard in excess of the Current Market Nee for such shares), license fees and the fair market value of all other consideration, collected or received by Poniard or its Affiliates whether by way of cash, equity, credit or any barter, benefit, advantage, or concession, that are contingent upon the achievement of an event or objective pursuant to a written research or development plan, and not merely the passage of time, and shall exclude amounts collected or received by Poniard or its Affiliates on account of Net Sales of Licensed Products;

Development Milestone Payments is defined in Section 5.2.3.

Development Milestone Payments has the meaning given to it in Exhibit 3.

Development Milestone Payments means the payments to be made by Cullinan to Genrix upon the achievement of the corresponding Development Milestones as set forth in Section ‎8.3(a) (Development Milestones).

Development Milestone Payments has the meaning set forth in Section 2.2.4.