First Sales Year definition

First Sales Year means the 12 month period starting on the date of the First Commercial Sale and ending on the last day of the month in which the first anniversary of the First Commercial Sale date occurs.
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First Sales Year means the period between the date of First Commercial Sale of a Licensed Product in a Separate Therapeutic Area in the first country in the Territory in which such Licensed Product is sold in such Separate Therapeutic Area and the end of the calendar year in which such First Commercial Sale is made.
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First Sales Year means the period commencing on the date of launch of Product by Roche and ending one (1) year thereafter.
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Examples of First Sales Year in a sentence

  • All retirements are assumed to occur at the end of each year.Sales and Survival ProfileThe Sales variable is used to specify the addition of new devices on and after the First Sales Year.

  • None of the streams with proposed changes hold runs that are in peril.

  • Commencing on the first day of the second Sales Quarter of the First Sales Year, and on the first day of each subsequent Sales Quarter during the First Sales Year and the Second Sales Year, Optimer will pay to Cubist a non-refundable amount equal to the Quarterly Amount Due.

  • After the First Sales Year, the stock of devices is calculated according to LEAP’s stock turnover calculations, taking into account the future sales of new devices and the retirement of older devices, as well as any forced scrappage of devices.

  • A separate report summarizing the Annual Worldwide Net Sales of each Licensed Product in each Separate Therapeutic Area (the "Annual Report") shall be delivered to 3DP within sixty (60) days of the end of the First Sales Year and each subsequent Sales Year.

  • Beginning upon the date that is […***…] following the first day of the First Sales Year, if Cubist engages in the promotion of a product other than Cubicin or the Product, Cubist […***…].

  • During the First Sales Year the Obligated Orders for a given quarter shall be [ * ] of the most recent forecast for that quarter.

  • In any event, after the First Sales Year, Roche shall be obligated to place firm lead time orders (according to Section 6.10) for a given quarter of a total amount that is [ * ] of the forecasted requirements for such quarter according to the forecast that is provided immediately before that quarter ("Obligated Orders").

  • Beginning upon the date that is [ ]* following the first day of the First Sales Year, if Cubist engages in the promotion of a product other than Cubicin or the Product, Cubist [ ]*.

  • During the First Sales Year, ACLARA will provide support and assistance to Roche for the development of miniaturized homogeneous assays for use on the Products ACLARA shall be compensated for such support and assistance through the Transfer Price as managed by an account ("Account") that will track the ordered Arteas 96 Product other than the Initial Order according to Transfer Prices set forth in Exhibit A.


More Definitions of First Sales Year

First Sales Year means the one year period beginning on the first day of the first month following the date of the first commercial shipment against a purchase order to a customer for ultimate retail sale of one or more [ ]* Cells by DURACELL which is subject to the Exclusive [ ]* Cell License.
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Related to First Sales Year

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Marketing Period means the first period of twenty (20) consecutive days after the date of this Agreement throughout and on the last day of which (a) Buyers shall have received all of the Required Information and such Required Information is Compliant (provided, that if the Company shall in good faith reasonably believe it has provided the Required Information and that the Marketing Period has commenced, it may deliver to Buyers a written notice to that effect (stating when it believes it completed such delivery), in which case the Marketing Period will be deemed to have commenced on the date of such notice unless Buyers in good faith reasonably believes the Marketing Period has not commenced and within two Business Days after the delivery of such notice by the Company, delivers a written notice to the Company to that effect (setting forth with specificity why they believe the Marketing Period has not commenced)), and (b) the conditions set forth in Article VII shall be satisfied or waived (other than the condition set forth in Sections 7.01(e) and 7.01(j) and other those that by their nature need not be satisfied until the Closing or are to be performed at Closing, but subject to the satisfaction or waiver of those conditions at such time); provided, that the Marketing Period shall not be deemed to have commenced if at any time during such twenty (20) consecutive day period (i) the applicable independent auditors of the Company shall have withdrawn any audit opinion contained in the Required Information, (ii) any Required Information ceases to be Compliant or (iii) the Company or its independent auditors determines that the Company must restate any historical financial statements or material financial information included in the Required Information (each of the conditions set forth in clauses (i) through (iii) above being referred to as a “Marketing Period Delay Condition”), then, in each case, the Marketing Period shall not be deemed to have commenced until the date on which such Marketing Period Delay Condition is cured, subject, in each case, to the conditions set forth in clauses (a) and (b) and clauses (i) through (iii) above (which may result in a subsequent Marketing Period Delay Condition). Notwithstanding anything to the contrary in this definition, (A) the Marketing Period shall not include any date from and including November 27, 2014 through and including November 28, 2014, and if such Marketing Period has not ended prior to December 19, 2014, such Marketing Period will not begin until January 5, 2015, (B) if the Required Information is Compliant and any of the Company’s applicable current or former independent accountants declines to issue customary comfort letters (including as to customary negative assurance comfort and change period) with respect to any Required Information, the Marketing Period shall end no earlier than five (5) days after all applicable independent accountants have issued such comfort letters, and (C) the Marketing Period shall terminate on the date on which the Debt Financing or the related financings described in the Debt Commitment Letters required to consummate the transactions contemplated hereby is consummated if such date is earlier than the last day of the twenty (20) consecutive day period described above (including any required extensions, as provided above).

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Half Year means the period of six months commencing on the first day of April or October of a financial year;

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Earn-Out Period has the meaning set forth in Section 2.5(a).

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.