Market Release definition

Market Release means Guidant's first sale of a Licensed Product Bundle to a non-Affiliate; provided, however, that sales in connection with a clinical trial or physician preference test will not constitute a "Market Release" for purposes of this Agreement.
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Examples of Market Release in a sentence

  • Not later than thirty (30) days following the execution of the MS Agreement (in the case of Strip/Grid Products) and no later than thirty (30) days following the Acceptance of all Deliverables for SEEG Products under the Development Plan, ▇▇▇▇▇▇, or its Affiliates or Distributors, will place an initial order or orders under the MS Agreement to purchase a sufficient number of Strip/Grid Products or SEEG Products, as applicable, to conduct a Limited Market Release of such Products (an “LMR Order”).

  • Bioscan shall pay to IDSI a one-time payment of US$1,000,000 within thirty (30) days after the sale by Bioscan or its Affiliates, on or after the Market Release Date, of the seven hundred fiftieth (750th) unit of the Product(s).

  • TranS1 may elect, in its sole discretion, to terminate this Agreement on or before the due date for the payment of the milestone for completion of the Limited Market Release.

  • Phase VI (Market Release) During Phase VI the Parties will cooperate to prepare the New EIT Products for final market release upon mutually agreeable terms reflected in a definitive agreement to be negotiated in good faith by the Parties when appropriate; provided, however, neither Party has agreed to incur any expenses whatsoever in connection with Phase VI.

  • In the event that, on or before the Market Release Date, Bioscan makes any modifications or enhancements to the Reconstruction Software (the “Bioscan Improvements”).

  • If the Market Release Date does not occur on or before the date which is twenty-four (24) months after the Technology Transfer Date, then IDSI may convert the exclusive license granted to Bioscan in Section 2.1 into a non-exclusive license by providing written notice thereof to Bioscan at any time before the Market Release Date.

  • TranS1 may exercise this right by providing Licensor with written notice of termination and a payment in the amount of $[***] in lieu of the $[***] payment otherwise payable upon completion of the Limited Market Release.

  • By way of example, if the Technology Transfer Date is September 6, 2006, then, if the Market Release Date does not occur on or before September 6, 2008, IDSI may convert the exclusive license granted to Bioscan in Section 2.1 into a non-exclusive license by providing written notice thereof to Bioscan at any time before the Market Release Date.

  • If the Market Release Date does not occur on or before the third (3rd) anniversary of the Effective Date, then IDSI may terminate this Agreement by providing written notice thereof to Bioscan at any time before the Market Release Date.

  • Within ninety (90) days following the end of each calendar quarter thereafter until the Full Commercial Launch, TranS1 shall prepare and deliver to Licensor a written summary report which shall describe (a) the progress of the development, and testing of Products, (b) the status of obtaining Registrations with respect to Products and (c) the status of the Limited Market Release.