Year definition
Examples of Year in a sentence
Prior to commencement of each Year, the Distributor shall, at its option, notify the Supplier in writing of its monthly forecast of the quantities of each type of Product that it expects to buy from the Supplier for delivery during each of the ensuing months of the Year.
After the Initial Term, failure of the Parties to agree on a Minimum Purchase Requirement for the successive Year 3 months in advance of the automatic renewal shall also be deemed to be notice by each Party to the other of intention not to renew.
Within 120 days of the End of the Year, the Company agrees to pay to Optimus 0.5% of all global Net Sales of any Company Products received by the Company, its Licensees or its Affiliates during the prior calendar year.
On a Licensed Product-by-Licensed Product and country-by-country basis, during the Royalty Term for a given Licensed Product in a given country, Lilly shall pay to Aktis a tiered royalty equal to the percentages of Annual Net Sales of such Licensed Product, as set forth below (the “Royalty”), calculated by multiplying the applicable royalty rate percentage by the corresponding portion of aggregate Net Sales for such Licensed Product in such Calendar Year.
Within 120 days of the End of the Year, the Company agrees to pay to the MPM Charitable Foundation 0.5% of all global Net Sales of any Company Products received by the Company, its Licensees or its Affiliates during the prior calendar year.