Initial Sales Sample Clauses

Initial Sales. For Sales which are confirmed by CMS to be payable as an Initial Sale, Aetna will, if permitted by Applicable Law, advance the full “Initial Rate” set forth in Schedule 1 hereto, in one or more payments, during the calendar year in which the effective date of the policy occurs. The full amount of the “Initial Rate” will be paid for Initial Sales regardless of the month in which the effective date falls (i.e., same amount will be paid if the effective date is January 1st or December 1st). Upline Agreement 2015 30 Below is an example of how the Commission will be paid on an Initial Sale of a Medicare Advantage Plan under these circumstances, using $400 as the Commission rate payable for Initial Sales: Example Using An Initial Rate of $400 Effective Date Number of Months Paid Total Amount Paid 1/1/2014 12 months $ 400.00 2/1/2014 12 months $ 400.00 3/1/2014 12 months $ 400.00 4/1/2014 12 months $ 400.00 5/1/2014 12 months $ 400.00 6/1/2014 12 months $ 400.00 7/1/2014 12 months $ 400.00 8/1/2014 12 months $ 400.00 9/1/2014 12 months $ 400.00 10/1/2014 12 months $ 400.00 11/1/2014 12 months $ 400.00 12/1/2014 12 months $ 400.00 The rates set forth above are merely for example purposes and not a guarantee or representation of any rates set forth in Schedule 1 of this Appendix A.
Sample 1Sample 2
AutoNDA by SimpleDocs
Initial Sales. The Developer agrees to deliver to the Monitoring Agent the income, asset and age certifications, deeds and Affordable Housing Restriction with respect to initial sales of Affordable Units as required under the Regulatory Agreement (the “Initial Sales Data”). The Monitoring Agent agrees to review the Initial Sales Data and determine the substantive compliance of each initial sale of an Affordable Unit with the Affordability Requirement in accordance with the rules of the Subsidizing Agency. Prior to the Developer’s delivery of the deed making the initial conveyance of each Affordable Unit, the Subsidizing Agency will issue a Resale Price Certificate (as defined in the Affordable Housing Restriction) to the Monitoring Agent with the calculated Resale Price Multiplier, which shall be applied to the Affordable Housing Restriction. The Monitoring Agent shall deliver such Resale Price Certificate, together with the Affordable Housing Restriction and the Affordable Housing Restriction Mortgage (both as defined in the Regulatory Agreement), and the Certificate of Compliance (as defined in the Affordable Housing Restriction), to the Developer for the closing on the sale of such Affordable Unit, and shall verify that the Developer, as a condition of sale, ensures that the Resale Price Certificate, the Affordable Housing Restriction, the Affordable Housing Restriction Mortgage, and the Certificate of Compliance are all recorded with the Registry immediately after the initial deed for such Affordable Unit. Upon completion of the initial sales of Affordable Units, the Monitoring Agent shall deliver to the Subsidizing Agency and the Municipality a copy of such data together with the Monitoring Agent’s written determination, in form and substance acceptable to the Subsidizing Agency, of whether the Affordability Requirement has been met and, if not, the action(s) the Monitoring Agent is taking to achieve full compliance with the Affordability Requirement (in which case, the Monitoring Agent shall deliver a supplemental written confirmation of compliance when achieved) (such determination, including any applicable supplemental confirmation, the “Initial Sales Affordability Completion Report”).
Sample 1
Initial Sales. In relation to the Initial Sales of the Affordable Housing Units the following provisions shall apply:­
Sample 1
Initial Sales. About one full life cycle. Target sales volume is: 5,000,000 to 10,000,000 seeds.
Sample 1
Initial Sales. Initial Sales: Applicable.
Sample 1
Initial Sales. On the Initial Closing Date (as hereinafter defined), COVR agrees to issue and sell to Vault and Vault agrees to pay for and acquire from COVR, 320,000 units (each a "Unit"), each of which shall consist of one share of COVR Common Stock, $0.01 par value (the "COVR Common Stock") and one warrant to purchase one share of COVR Common Stock (each a "Warrant"), at a price of $0.625 per Unit (the "Purchase Price Per Unit"), the closing sale price of the COVR Common Stock on May 30, 2000, for an aggregate purchase price of $200,000. On the Second Closing Date (as hereinafter defined), COVR agrees to issue and sell to Vault and Vault agrees to pay for and acquire from COVR, 320,000 Units for an aggregate purchase price of $200,000. The Purchase Price Per Unit shall be allocated $0.135 to each share of COVR Common Stock and $0.49 to each Warrant.
Sample 1
Initial Sales. The Developer agrees to deliver to the Monitoring Agent the income, asset and age certifications, deeds and Affordable Housing Restrictions with respect to initial sales of Affordable Units as required under the Regulatory Agreement (the “Initial Sales Data”). The Monitoring Agent agrees to review the Initial Sales Data and determine the substantive compliance of the Project with the Affordability Requirement in accordance with the rules of the Subsidizing Agency. The Monitoring Agent shall also ensure substantive compliance with the approved Marketing Plan and lottery process. Upon completion of its review of Initial Sales Data, the Monitoring Agent shall deliver to the Subsidizing Agency and the Municipality a copy of such data together with the Monitoring Agent’s determination of whether the Affordability Requirement has been met. The Subsidizing Agency shall make the final determination of whether the Affordability Requirement has been met and shall notify the Municipality of its determination.
Sample 1
AutoNDA by SimpleDocs
Initial Sales. The initial sales price for each AH Unit shall be calculated by GCHA in accordance with Section 5 of this Agreement and the formulas and assumptions set forth in Section 8-302.B of the Affordable Housing Requirements. Developer shall work, in cooperation with the GCHA, to complete the initial sale of each of the AH Units to an applicant determined by GCHA to be a qualified buyer in accordance with the Affordable Housing Requirements, and selected by GCHA in accordance with the lottery process set forth in the Affordable Housing Requirements. Developer shall conduct the initial sale of each of the AH Units in accordance with the following:
Sample 1

Related to Initial Sales

  • Optional Sales (a) The Borrower shall have the right to sell all or a portion of the Collateral Obligations (each, an “Optional Sale”), subject to the following terms and conditions:

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

  • Royalty Period The royalty set forth in Section 7.1 will be payable during a period which shall commence on the Effective Date and shall continue on a country-by-country, Product-by- Product basis, for the longer of: (a) fifteen (15) years from the date of the First Commercial Sale of such Product in such country; and (b) until the last to expire of the Ramot Patents or Joint Patents in such country (the "Royalty Period").

  • Net Sales The term “

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Sales Milestone Payments As further consideration for Daiichi Sankyo’s grant of the rights and licenses to Rain hereunder, Rain will pay to Daiichi Sankyo the following payments upon the first achievement of the following levels of aggregate annual Net Sales of all Products by Rain, its Affiliates, and its Sublicensees. If two or more sales milestone events are achieved in the same [***], then Rain shall pay to Daiichi Sankyo all of the applicable milestone payments achieved in such [***]. Rain shall deliver written notice to Daiichi Sankyo within [***] after the end of the [***] in which a sales milestone threshold described in this Section 5.3 is achieved for the first time. Aggregate annual Net Sales of all Products shall be calculated based on Net Sales for each Calendar Year. After receipt of such notice from Rain, Daiichi Sankyo shall issue Rain an invoice for the amount corresponding to the applicable sales milestones event. Rain shall pay Daiichi Sankyo within [***] after receipt of an invoice therefor from Daiichi Sankyo. Milestone Event Payment Amount Aggregate Annual Net Sales of all Products combined in the Territory in a Calendar Year equals or exceeds [***] [*** ] Aggregate Annual Net Sales of all Products combined in the Territory in a Calendar Year equals or exceeds [***] [*** ] [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. EXECUTION VERSION Aggregate Annual Net Sales of all Products combined in the Territory in a Calendar Year equals or exceeds [***] [*** ] Aggregate Annual Net Sales of all Products combined in the Territory in a Calendar Year equals or exceeds [***] [*** ]

  • Licensed Products Lessee will obtain no title to Licensed Products which will at all times remain the property of the owner of the Licensed Products. A license from the owner may be required and it is Lessee's responsibility to obtain any required license before the use of the Licensed Products. Lessee agrees to treat the Licensed Products as confidential information of the owner, to observe all copyright restrictions, and not to reproduce or sell the Licensed Products.

  • Royalty Term On a country-by-country and Licensed Product-by-Licensed Product basis, royalty payments in the Territory shall commence upon the first commercial sale of such Licensed Product, whether such sale is to a Public Purchaser, Governmental Authority or private entity or person and whether such sale is made under an EUA or Key Approval, in such country in the Territory and will terminate upon the later of: (a) the expiration, invalidation or abandonment date of the last Valid Claim of the Patents in the country of sale or manufacture of such Licensed Product in the Territory or (b) expiration of regulatory exclusivity of such Licensed Product in such country of sale in the Territory (the “Royalty Term”).

  • Term Sales If the Company wishes to sell the Shares pursuant to this Agreement but other than as set forth in Section 2(b) of this Agreement (each, a “Placement”), the Company will notify the Manager of the proposed terms of such Placement. If the Manager, acting as principal, wishes to accept such proposed terms (which it may decline to do for any reason in its sole discretion) or, following discussions with the Company wishes to accept amended terms, the Manager and the Company will enter into a Terms Agreement setting forth the terms of such Placement. The terms set forth in a Terms Agreement will not be binding on the Company or the Manager unless and until the Company and the Manager have each executed such Terms Agreement accepting all of the terms of such Terms Agreement. In the event of a conflict between the terms of this Agreement and the terms of a Terms Agreement, the terms of such Terms Agreement will control. A Terms Agreement may also specify certain provisions relating to the reoffering of such Shares by the Manager. The commitment of the Manager to purchase the Shares pursuant to any Terms Agreement shall be deemed to have been made on the basis of the representations and warranties of the Company herein contained and shall be subject to the terms and conditions herein set forth. Each Terms Agreement shall specify the number of the Shares to be purchased by the Manager pursuant thereto, the price to be paid to the Company for such Shares, any provisions relating to rights of, and default by, underwriters acting together with the Manager in the reoffering of the Shares, and the time and date (each such time and date being referred to herein as a “Time of Delivery”) and place of delivery of and payment for such Shares. Such Terms Agreement shall also specify any requirements for opinions of counsel, accountants’ letters and officers’ certificates pursuant to Section 6 of this Agreement and any other information or documents required by the Manager.

Time is Money Join Law Insider Premium to draft better contracts faster.