Sales Milestone Event Sales Milestone Payment. (a)[******] [******]
Sales Milestone Event Sales Milestone Payment. The first achievement of [***] Dollars ($[***]) in Net Sales of the Lead Product in any Calendar Year [***] Dollars ($[***]) The first achievement of [***] Dollars ($[***]) in Net Sales of the Lead Product in any Calendar Year [***] Dollars ($[***]) The first achievement of [***] Dollars ($[***]) in Net Sales of the Lead Product in any Calendar Year [***] Dollars ($[***])
Sales Milestone Event Sales Milestone Payment. (i) First Calendar Year in which worldwide Net Sales for an SMA Licensed Product equal at least $[***] $ [***]
Sales Milestone Event Sales Milestone Payment. First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.
Sales Milestone Event Sales Milestone Payment. First achievement of Per Licensed Product Annual Net Sales of the Licensed Products in any single Calendar Year exceeding [***] Dollars ($[***]) [***] Dollars ($[***]) First achievement of Per Licensed Product Annual Net Sales of the Licensed Products in any single Calendar Year exceeding [***] Dollars ($[***]) [***] Dollars ($[***]) First achievement of Per Licensed Product Annual Net Sales of the Licensed Products in any single Calendar Year exceeding [***] Dollars ($[***]) [***] Dollars ($[***]) First achievement of Per Licensed Product Annual Net Sales of the Licensed Products in any single Calendar Year exceeding [***] Dollars ($[***]) [***] Dollars ($[***]) Each of the foregoing milestones in this Section 5.4.1 shall be payable a maximum of one (1) time as set forth in the foregoing chart regardless of the number of times the applicable milestone event was achieved (i.e., a maximum of four (4) Sales Milestone Payments may be made pursuant to this Section 5.4.1), and no Sales Milestone Payment shall be due hereunder for subsequent or repeated achievement of such milestone event. For the avoidance of doubt, the maximum amount payable by Celgene pursuant to this Section 5.4.1 is Three Hundred Seventy-Five Million Dollars ($375,000,000) assuming that each of the milestone events in this Section 5.4.1 were achieved.
Sales Milestone Event Sales Milestone Payment. The first achievement of [***] Dollars ($[***]) in Net Sales of the CoDev Product in any Calendar Year [***] Dollars ($[***]) The first achievement of [***] Dollars ($[***]) in Net Sales of the CoDev Product in any Calendar Year [***] Dollars ($[***]) The first achievement of [***] Dollars ($[***]) in Net Sales of the CoDev Product in any Calendar Year [***] Dollars ($[***]) Portions of the exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. CONFIDENTIAL TREATMENT REQUESTED Confidential
Sales Milestone Event Sales Milestone Payment. Upon the first occasion that annual aggregate Net Sales of Products [***] in a calendar year exceeds [***] [***] Upon the first occasion that annual aggregate Net Sales of Products [***] in a calendar year exceeds [***] [***] Upon the first occasion that annual aggregate Net Sales of Products [***] in a calendar year exceeds [***] [***]
Sales Milestone Event Sales Milestone Payment. 3.Cumulative Net Sales of Licensed Product equal or exceed $[…***…] $[…***…]
Sales Milestone Event Sales Milestone Payment. The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater than [***] Dollars ($[***]) (“Sales Milestone Event #9”) $[***] The first time that the annual Net Sales of Products in the GSK Territory in a Calendar Year are greater [***] Dollars ($[***]) (“Sales Milestone Event #10”) $[***] Total Sales Milestone Payments: $242,500,000 For clarity, each Sales Milestone Payment shall be paid only one time, regardless of the number of Products or the number of times a given Sales Milestone Event has been achieved, and in no event will GSK be responsible for more than an aggregate of Two Hundred and Forty-Two Million Five Hundred Thousand Dollars ($242,500,000) in Sales Milestone Payments. For further clarity, Net Sales that are generated by sales of a Product in a country for which the Royalty Term has expired shall nonetheless be included in the total amount of annual Net Sales for purposes of determining whether a Sales Milestone Event has been achieved. GSK shall notify Scynexis within [***] ([***]) following the end of the applicable Calendar Quarter during which a given Sales Milestone Event is first achieved, which notice may be provided in connection with a Royalty Report delivered pursuant to Section 6.6(c), and except as set forth in this paragraph, GSK shall pay to Scynexis the corresponding Sales Milestone P...
Sales Milestone Event Sales Milestone Payment. Annual Net Sales of at least $[***] $[***] Annual Net Sales of at least $[***] $[***] Annual Net Sales of at least $[***] $[***] Annual Net Sales of at least $[***] $[***] CERTAIN PORTIONS OF THIS DOCUMENT HAVE BEEN OMITTED PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST. SUCH OMITTED PORTIONS, WHICH ARE MARKED WITH BRACKETS [ ] AND AN ASTERISK*, HAVE BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
