Minimum Unit Sales definition
Examples of Minimum Unit Sales in a sentence
Notwithstanding the foregoing or anything else to the contrary contained in this Agreement, for purposes of calculating the Minimum Unit Sales Commitment Shortfall for any Make Whole Payment Commercial Year, the Minimum Unit Sales Commitment for such Commercial Year shall be reduced by the number of Ineligible Months, if any, in such Commercial Year, divided by twelve.
LAVIPHARM shall be permitted (but shall not be obligated) to cure a failure to achieve Minimum Unit Sales for a particular Contract Year by making payment to SENETEK, within thirty (30) days after the end of such Contract Year, of the royalty that would have been due if LAVIPHARM had achieved *** Confidential portions of this material have been omitted and filed separately with the securities and Exchange Commission.
The Exclusivity Right may be terminated by SENETEK upon notice given to LAVIPHARM if LAVIPHARM fails to meet any Minimum Purchase Requirement set forth in Section 3.2 or any Minimum Unit Sales Requirement set forth in Section 5.1.6, or fails to market the Products in Greece by the first Calendar Quarter of 2004 or fails to launch marketing and distribution efforts in Greece as set forth in Section 5.1.5.
Attached hereto as Exhibit E is a price list that provides a detailed breakdown of the size, type, location and Minimum Unit Sales Price for each Residential Unit and/or Parking Unit (the “Price List”).
Borrower may enter into Approved Condominium Contract (or amendments thereto) requiring Upgrades which are in addition to those contemplated to be funded by the Unit Upgrades line item of the Project Budget (“Additional Upgrades”) on the condition that all Upgrades shall be paid for by the Contract Buyer as consideration payable in addition to the Minimum Unit Sales Price.
Borrower shall use commercially reasonable efforts to market and sell all Units in the Project for a Base Purchase Price not less than the Minimum Unit Sales Price.
LAVIPHARM shall achieve Product sales in the Territory during the first Contract Year of not less than (***) Units and during the second Contract Year of not less than (***) units For each subsequent Contract Year, the Minimum Unit Sales shall be a number of units equal to the sum of (i) the prior Contract Year's Minimum Unit Sales in the Territory plus (ii) fifty percent (50%) of the amount by which LAVIPHARM's actual Unit sales for such prior Contract Year exceeded such Minimum Unit Sales.
If Orthovita does not achieve the Minimum Unit Sales, the royalty payment due in this Section 6 shall increase to [**].
OrthoLogic agrees that Attributable Units will be equal to or greater than 50% of , 425,000 and 450,000 for Contract years 4 and 5 respectively (the "Minimum Unit Sales").
Further, the Parties hereby agree that to the Minimum Unit Sales and Pricing for Meters and Strips (the “Minimums”) as delineated in Exhibit B +C.