Commercial Milestone Payment definition

Commercial Milestone Payment has the meaning set forth in Section 8.3.
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Commercial Milestone Payment has the meaning set forth in Section 4.3(a).
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Commercial Milestone Payment has the meaning given to such term in the PadCo-Protiva License and Services Agreement.
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Examples of Commercial Milestone Payment in a sentence

  • For clarity, each Commercial Milestone Payment is non-refundable, non-creditable and is not an advance against Royalties due to Penn or any other amounts due to Penn.

  • In the first Quarter of the [**] Post-Launch Year, the Momenta Share of Excess Costs is deducted from the Preliminary Profit/Royalty Calculation 2 rather than from the Commercial Milestone Payment.

  • Licensee shall promptly notify Penn in writing of the achievement of any such Commercial Milestone and Licensee shall pay Penn in full the corresponding Commercial Milestone Payment within [*] of such achievement.

  • PFIZER shall pay to XXXXX the Commercial Milestone Payment within sixty (60) days after the end of the relevant Pfizer Quarter.

  • Licensee shall notify Penn in writing of the achievement of any such Commercial Milestone within [***] following [***] in which such Commercial Milestone is achieved and Licensee shall pay Penn in full the corresponding Commercial Milestone Payment together with such notice.


More Definitions of Commercial Milestone Payment

Commercial Milestone Payment has the meaning set forth in Section 9.3.2 (Commercial Milestones).
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Commercial Milestone Payment means a payment required under the provisions of Section 8.5 hereof.
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Commercial Milestone Payment means the payments to be made on the Commercial Milestone Events and as set out in Clause 13.5.1; Commercially Reasonable Efforts means, on a Party-by-Party basis, that level of efforts and resources required to carry out a particular task or obligation in an active and sustained manner, consistent with the general practice followed by the Party required to use such efforts in the exercise of its reasonable business discretion relating to other pharmaceutical products owned by it, or to which it has exclusive rights, which are of similar market potential at a similar stage in their development or product life, taking into account issues of patent coverage, safety and efficacy, product profile, the competitiveness of products in development and in the marketplace, supply chain management considerations, the proprietary position of the compound or product, the regulatory structure involved, the profitability of the applicable products (including pricing and reimbursement status achieved), and other relevant factors, including technical, legal, scientific and/or medical factors;
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Commercial Milestone Payment is defined in Section 2.07(b).
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Commercial Milestone Payment is defined in Section 5.3 (Commercial Milestones).
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Commercial Milestone Payment. 10.3.1 “Commercialization Cost Report” 10.4.2(a) “Commercialization Guidelines”` 3.5.2(b) “Commercialization Plan” 6.2.1 “Competitive Infringement” 12.10.1 “Continuing Party” 14.7.6(a)(ii) “Continuing Payment Term” 14.7.6(a)(iii) “Continuing Product” 14.7.6(a)(iv) “Continuing Product Payments” 14.7.6(a) “Controlling Party” 12.10.3(a)(i) “Co-Promotion” 1.119 “Core Data Sheet” 5.5.1(b) “Cost Reconciliation Report” 10.4.2(b) “Cost Reports” 10.4.2(a) “CTC” Recitals “Data Protection Laws” 1.11 “Development Cost Report” 10.4.2(a) “Development Milestone Event” 10.2.1 “Development Milestone Payment” 10.2.1 “Development Plan” 5.2.1 “Dispute” 16.8.1 “Distribution” 6.4.1 -27- [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM IF PUBLICLY DISCLOSED
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Commercial Milestone Payment shall have the meaning provided in Section
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