Examples of Production Fee in a sentence
On June 30, 2021, the Company recognized a provision of $708,514 using a 13.8% discount rate based on the expected settlement of the Commercial Production Fee on or around June 30, 2022.
SUPPLIER will inform PURCHASER of the amount of any additional costs (including capital expenditures) that any such modification would reasonably entail, if any, and, if PURCHASER elects to adopt the modification, the Production Fee will be increased by the amount of such additional costs, and the relevant documents and related schedules will be revised accordingly.
The Production Fee is subject to adjustment as provided in the Agreement.
Upon OMEROS’ payment of the Cancelled Production Fee, the cancelled quantities shall be credited against the Requirements Obligation and be deducted from the Firm Purchase Commitment in proportion to the percentage of the Product Price for the cancelled quantity of Product paid.
To the extent that the Production Fee has been previously adjusted pursuant to this Section 5.7 to reflect reduced volumes, the adjustment provided for shall operate based on the fees attributed to such Product at the time the last of such adjustments were made, including any other applicable price adjustments in accordance with this Article 5.