Sales Milestone Event definition

Sales Milestone Event has the meaning set forth in Section 7.2.2.

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Sales Milestone Event has the meaning set forth in Section 4.2.1;

Sales Milestone Event has the meaning set forth in Section 10.8.

Examples of Sales Milestone Event in a sentence

If the applicable Sales Milestone Event is achieved during the U.S. P&L Share Term, then Company will pay Vir Bio the following corresponding Sales Milestone Payment for such Sales Milestone Event.
If the applicable Sales Milestone Event is achieved after the end of the U.S. P&L Share Term and Vir Bio has achieved the Limited Funding Threshold at such time, then Company will pay Vir Bio the following Sales Milestone Payment (“Limited Funding Sales Milestone Payment”) for such Sales Milestone Event.
If the applicable Sales Milestone Event is achieved after the end of the U.S. P&L Share Term and Vir Bio has not achieved the Limited Funding Threshold at such time, then Company will pay Vir Bio the following Sales Milestone Payment (“Opt-Out Sales Milestone Payment”) for such Sales Milestone Event.
Upon such achievement of a Sales Milestone Event, Company shall pay Vir Bio the sales milestone payment described in the applicable table below for the applicable Sales Milestone Event (each a “Sales Milestone Payment”) [***] after receipt of an invoice therefor from Vir Bio, [***].
Company shall notify Vir Bio of the first achievement of each sales milestone event described in the tables below (as applicable) (each a “Sales Milestone Event”) [***] after the end of the Calendar Quarter in the Calendar Year in which such Sales Milestone Event is first achieved.

More Definitions of Sales Milestone Event

Sales Milestone Event has the meaning set forth in Section 6.1(c) (Sales Milestone Payments).

Sales Milestone Event has the meaning provided in Section 6.7. “[***].

Sales Milestone Event is defined in Section 7.2.2(a) (Sales Milestone Payments).

Sales Milestone Event shall have the meaning set forth in Section 3.2.3 (Sales Milestone Payments).

Sales Milestone Event is defined in Section 13.8 (Sales-Based Milestones).

Sales Milestone Event has the meaning set forth in Section 8.3.2 (Sales Milestone Events and Payments).

Sales Milestone Event means each calendar quarter with respect to which Sales Milestone Payments become due and payable in accordance with Section 2.6(b)(ii).