Field Date definition
Field Date means the later of the date on which (i) RBM elects a Field or (ii) LUMINEX receives the Field Fee (as defined below) for an Elected Field.
Examples of Field Date in a sentence
Such additional Field Fees for additional Fields shall be fully creditable against Developed Product Royalties for three (3) years following the Field Date; provided however, the Field Fee shall not be creditable against the purchase price of any items or services under this Agreement, including without limitation LUMINEX 100 Systems or Beads purchased by RBM.