Final Quarter definition
Examples of Final Quarter in a sentence
During the three-month period immediately preceding the expiration of the Term or any renewal period (hereinafter, the "FINAL QUARTER"), Licensee shall not have on hand an inventory of Licensed Products in excess of the inventory of such Licensed Products in its possession during the three-month period immediately preceding the Final Quarter.
Within 5 days after the Reconciliation Date of the Final Quarter, Buyer shall assign to Sellers or Sellers' designee any Good Accounts Receivable not collected as of such date.
If, at the end of the Final Quarter, the aggregate amount of the Inventory Sales is less than the amount Buyer paid to Sellers or Sellers' designee in accordance with subparagraph (i) above, Sellers shall pay such deficient amount to Buyer within 5 days of the Reconciliation Date of such Final Quarter.
Within 5 days after the Reconciliation Date of the Final Quarter, Buyer shall assign to Sellers or Sellers' designee any Good New Inventory that Buyer did not sell to third parties as of such date.
If, at the end of the final Quarter in the 12- month period after the Closing Date (the "Final Quarter"), the aggregate amount ------------- of the Collections is less than the Good Accounts Receivable Payment, Sellers shall pay such deficient amount to Buyer within 5 days of the Reconciliation Date of such final Quarter.
Certain provisions of this Agreement by their terms continue after the expiration or termination of this Agreement, including Articles 1, 11, 13 and 16 and Sections 2.3, 4.6 (but only with respect to the Final Quarter), 7.1 (but only with respect to the Final Quarter), 7.2, 8.5 and 12.1, under this Agreement shall also survive, but only to the extent required for the full observation and performance of this Agreement.
The Company shall have no right to claim or receive Job Development Credits after the Final Quarter unless the Council and the Department have approved a claim because of a patent error on the part of the the Council or the Department in calculating the amount of Job Development Credits allowable hereunder.
Between the date of this Agreement and the Cut-off Date, the Company agrees to have employees in New Jobs at the Project in number equal to or exceeding the Minimum Job Requirement and thereafter to maintain not less than the Minimum Job Requirement until after the Final Quarter.
Should the Final Quarter conclude before a Due Date, then Paladin will make one final payment to Connetics in support of Product Development in lieu of any further "Amounts Due" listed above.
No later than the last day of the first calendar month after the end of the Final Quarter, the Company shall file a Final Report with the Council and the Department setting forth the information requested in Section 3.5 above and stating that it is the Final Report.