Date of First Commercial Sale definition

Date of First Commercial Sale means the date on which a Licensed Product is first sold for monetary value for use or consumption by the end user of such Licensed Product by ProPhase, its Affiliate or its Sublicensee.
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Date of First Commercial Sale means the date when cumulative sales to the retail market of Products exceeds $20,000.
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Date of First Commercial Sale means the date when cumulative sales to the retail market of Products exceeds $______________.
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Examples of Date of First Commercial Sale in a sentence

  • Within thirty (30) days following the end of each semi-annual period ending on June 30 and December 31 until the Date of First Commercial Sale of Products, Licensee will provide ISURF with a written Development Report.

  • Government Approvals: ___________________ Date of First Commercial Sale: ___________________ Country Gross Xxxxxxxx Deductions Type of Deduction Net Sales Royalty Rate Royalties Due Subtotal for Product USE ADDITIONAL SHEETS FOR ADDITIONAL PRODUCTS.

  • Government Approvals: ___________________ Date of First Commercial Sale: ___________________ Country Gross Xxxxxxxx Deductions Type of Deduction Net Sales Royalty Rate Royalties Due Subtotal for Product Prod.#_________ Prod.

  • University may terminate this Agreement by giving Licensee at least ninety (90) days written notice if the Date of First Commercial Sale does not occur by the date set forth in Appendix A.

  • Beginning in the calendar year following the Effective Date of this Agreement and until the Date of First Commercial Sale, Licensee shall provide University with a written Development Report summarizing Licensee’s development activities since the last Development Report and any necessary adjustments to the Development Plan.


More Definitions of Date of First Commercial Sale

Date of First Commercial Sale shall have the meaning set forth in Section 7(b) hereof.
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Date of First Commercial Sale means the date on which LumiCyte or any Sublicensee first transfers title, rights to use or other rights in or to a Royalty-Bearing Product to
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Date of First Commercial Sale means the date when cumulative sales to the retail market of Products exceeds two hundred fifty thousand dollars ($250,000).
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Date of First Commercial Sale means the date on which CTI or any Sublicensee or Affiliate first transfers title to a Licensed Product to a Third Party (other than an Affiliate of such Sublicensee) for monetary consideration.
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Date of First Commercial Sale means the date on which IllumeSys or any Sublicensee or Affiliate first transfers title to a Licensed Product to a Third Party (other than an Affiliate of such Sublicensee) for monetary consideration.
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Date of First Commercial Sale means, with respect to a Licensed Product and country, the first sale for use of such Licensed Product in such country after any and all regulatory authorizations necessary for commercial sale of such Licensed Product in such country have been obtained.
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Date of First Commercial Sale means the date when cumulative sales to the retail market of each (1) Research Product incorporating each of the patents listed on Appendices B-1 and B-3 exceeds $(****), and (2) Therapeutic Product incorporating each of the patent(s) listed on Appendix X-0, X-0 and B-4 meets the respective milestone set forth in 3D(i)(b), (d) and (f).
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