Examples of Gross Sales Amount in a sentence
The Minimum Gross Sales Amount is intended to be a rough proxy for a return on the Developer’s investment in the Eligible Product, but cannot exceed 100% of the Maximum Guaranteed Amount.
The increase will cease to be effective, and the cap will return to the predetermined amount, once the Designated Supplier’s aggregate sales equal the Minimum Gross Sales Amount.
If the Designated Supplier of an Approved Vaccine fails to meet its supply requirements under the Guarantee Agree- ment, it would be required to grant the Funder, or its des- ignee, a non-exclusive, royalty-free (except as necessary to provide the Designated Supplier with the Minimum Gross Sales Amount, as described above) license to exploit the Approved Vaccine only in Eligible Countries.
If there are multiple Developers, the Ongoing Supply Price Ceiling will be increased for a limited time for any Developer that does not receive a certain minimum percentage of the Maximum Guaranteed Amount during the Funding Term, which amount is defined as the Minimum Gross Sales Amount.
The increase will cease to be effective, and the cap will return to the predetermined amount, once the Developer’s aggregate sales equal the Minimum Gross Sales Amount.