Fiscal Net Sales definition
Fiscal Net Sales means Net Sales achieved during any particular Fiscal Year.
Examples of Fiscal Net Sales in a sentence
Net Sales of Products for which the reduced royalty is payable shall not be included in calculating the aggregate Territory Fiscal Net Sales of Product and in determining the applicable royalty percentage for other Fiscal Net Sales for purposes of Section 4.2(a), but *** of such Net Sales of Products shall be taken into account for purposes of determining whether the initial sales milestones as provided in Section 4.3 are satisfied.
During the Term, MEDA shall pay to EpiCept royalties on Fiscal Net Sales of Products in the Territory at the following rates: Royalties payable under this Section 4.2 shall be paid to EpiCept ***.