Product Payments. PacifiCorp will pay Seller for the Product as stated in this Section 5.1, and Seller shall not be entitled to any compensation over and above the prices stated below for the Product.
Product Payments. Supplier shall be paid for the Product based on the Delivered Amount of Energy as determined by data from Meter readings, as follows:
Product Payments. Supplier shall issue an invoice in the Currency (as converted through the Currency Conversion Rate) to Purchaser on the date of Delivery of any Order of Product and Purchaser shall pay the full amount of each such invoice issued to it by Supplier within sixty (60) calendar days of the date of its receipt of such invoice; provided, however, that Purchaser may withhold payment of any amount that it may reasonably dispute in good faith until such dispute is resolved (including as the result of the Product’s non-compliance with the Compliance Requirements).
Product Payments. In consideration of the rights granted to ---------------- Durect hereunder, the performance of the Program by ALZA and ALZA's other obligations under this Agreement, Durect shall make Product Payments to ALZA on Net Sales of the Product for the term of the Commercialization rights set forth in Section 5.1. The payments to be made under this Section 6.1 are in recognition of the unusual nature of the arrangements between the parties, pursuant to which ALZA will provide access to technology over several years, without profit, in anticipation of possible future payments under this section 6.1. By the payments under this Section 6.1, it is the intent of the parties that ALZA's efforts and expenditures in creating DUROS Technology to be utilized in the Program be recognized by a long-term financial sharing in Durect's Product revenues.
Product Payments. In further consideration of the rights granted hereunder by SPE to Philips, Philips shall make a royalty payment in the form of a FOSSL Enabled Product Payment to SPE for each calendar year starting with the first calendar year after the first sale by Philips of a FOSSL System and ending with the sixth calendar year after the first sale by Philips of a FOSSL System. The royalty payment shall be for the [***] FOSSL System ([***]) of any version delivered to, accepted by, and paid for, by Philips’ (or its Affiliates’ or their respective licensees’ or sublicensees’) customers in that respective year and for each unit of FOSSL Systems delivered to and accepted by Philips’ (or its Affiliates’ or their respective licensees’ or sublicensees’) customers in excess of [***] in that respective year. [***] CONFIDENTIAL PORTIONS OF THIS DOCUMENT REDACTED AND SEPARATELY FILED WITH THE COMMISSION. CONFIDENTIAL TREATMENT REQUESTED The FOSSL Enabled Product Payment shall be made [***]. For all FOSSL Systems for which a FOSSL Enabled Product Payment is due, the FOSSL Enabled Product Payments made in a given calendar year shall be an amount which is equal to [***] (due within [***] of receiving an invoice for the amount due after the delivery and acceptance of [***] of a FOSSL System in the applicable calendar year when [***]) plus [***] for each delivered and accepted FOSSL System after the total of such deliveries during the applicable calendar year reaches [***]. For the avoidance of doubt, the [***] of this Section 3.2 shall [***]. FOSSL Enabled Product Payments shall be subject to the terms and conditions of Sections 3.4, 3.6, 3.9, 3.10, 3.14, and 3.15 of the Xxxxxx-Xxxxxxx Agreement, mutatis mutandis, to refer to amounts due under this Section 3.2 and with references to Xxxxxx interpreted as references to SPE.
Product Payments. BioChem, BV or TII, as applicable, shall make payments to CliniChem ("Product Payments") with respect to each Acquired Product as follows:
Product Payments. Effective as of the Closing Date, Customer will pay Supplier on the basis of the direct relevant production costs of the Products (the current production costs are as set forth in Schedule 8.02 hereof), plus the appropriate Markup (the “Product Payments”). For each year in respect of which Prepayments are made, Customer will pay [***] percent ([***]%) of the full value of each Product Invoice in 2020 and [***] percent ([***]%) of the full value of each Product Invoice in 2021, in each case until an amount equal to the amount of the relevant Prepayment has been reached.
Product Payments. As contemplated by Section 2.2, Former Equity Owners will be entitled to additional consideration with respect to **** and **** if and to the extent so provided in the remainder of this Section 2.12 (any such additional consideration, a “Product Payment”):
Product Payments. 5.1. Except for the Grandfathered Royalty Amounts (defined below in Section 5.2), the Product Payment royalties for the period of time commencing April 1, 2001, and continuing thereafter, are changed from the current formula set forth in Exhibit A (Pricing Addendum) to the Marketing and Distribution Agreement, as it may have been amended from time to time by the parties, to a flat ten percent (10%) of Net Revenues (as defined in Section 3 above).
