Minimum Consideration definition
Examples of Minimum Consideration in a sentence
Contributor hereby agrees that, in such event, the Contributor's Total Minimum Consideration may be reduced by an amount determined by ▇▇▇▇▇▇▇ ▇.
The Minimum Consideration shall be payable on a country/region-by-country/region basis until the last to expire of any Valid Claim of a Patent Right which prevents Generic Equivalents in a country/region after which time JPPLP shall have a fully paid up license to the Itraconazole Product in such region.
Notwithstanding the foregoing, JPPLP shall have no obligation to pay the Minimum Consideration in any country/region in which no Valid Claim of a Patent Right exists at the time of Regulatory Approval in such country/region.
On a country/region-by-country/region basis, after JPPLP has paid [**] of Minimum Consideration to Barrier, JPPLP may stop paying such Minimum Consideration in ** Certain information in these exhibits has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request.
The difference between the payments to be made by JPPLP to Barrier as a result of the royalty due under Section 4.4 and the Minimum Consideration for a given Royalty Year, if any, shall be paid to Barrier in accordance with Section 4.9 in the fourth (4th) calendar quarter of such Royalty Year.