Exclusivity Payment definition

Exclusivity Payment means that certain payment of $2 million made by Parent to the Company pursuant to that certain Exclusivity Agreement, dated January 19, 2011, between Parent and the Company.

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Exclusivity Payment has the meaning set forth in Section 1.1.2.

Exclusivity Payment shall have the meaning ascribed to it in Section 3.2(a).

Examples of Exclusivity Payment in a sentence

Subject to ARTICLE X, within thirty (30) days after the first anniversary of the Second Development Completion Payment Date (such anniversary, the “Exclusivity Payment Date”), and thereafter within thirty (30) days after each anniversary of the Exclusivity Payment Date, ▇▇▇▇▇▇▇▇ shall pay to Palomar ten million dollars (US $10,000,000) (each, an “Annual Exclusivity Collaboration Payment”).
If Entegris defaults on this obligation, Cellect may find an alternate party for manufacturing the polymer systems in which case Entegris would receive a royalty of five percent (5%) of the Product final sales, payable by Cellect on a quarterly basis, until the aggregate amount payable hereunder is equal to the amounts paid by Entegris on account of the Collaboration and Exclusivity Payment.
The value of Product purchased by Oxford within the twelve (12)-month period following each Exclusivity Payment may be credited against such Exclusivity Payment, up to the amount of the Exclusivity Payment paid (the “Purchase Offset”).
Provided that the Exclusivity Payment is timely made and provided that Buyer complies with Section 1.1.5, Noramco and its Affiliates shall not sell API to any third party for use in the production of products of any kind in the Territory, or to any third party for delivery of products of any kind into the Territory.
If Buyer shall fail to pay the Exclusivity Payment or to comply with Section 1.1.5, Noramco may terminate Buyer’s exclusivity under this Section 1.1.2 by sending written notice of noncompliance to Buyer.

More Definitions of Exclusivity Payment

Exclusivity Payment shall have the meaning assigned to it under paragraph (ii) of Section 4.1 of this Agreement.

Exclusivity Payment means the amount of US$5,000 that was paid by the Purchaser to the Corporation prior to the date hereof.

Exclusivity Payment means the $2,000,000.00 payment made by Buyer to Sellers on August 14, 2017.

Exclusivity Payment means the sum of £200,000 (two hundred thousand pounds) held by the Sellers’ Solicitor pursuant to the terms of a solicitor’s undertaking to the Buyer’s Solicitors dated 28 June 2013;

Exclusivity Payment means the exclusivity payment of $1,000,000 paid by Emerald to Liberty pursuant to the terms of the Term Sheet.

Exclusivity Payment means the $2,000,000 payment made by an Affiliate of Purchaser to Seller pursuant to the letter agreement among such Affiliate, Seller and the Company dated June 14, 2013 which, pursuant to the terms thereof, irrevocably became the property of Seller on June 25, 2013.

Exclusivity Payment means an annual payment (beginning in the second Contract Year) of [***].