Royalty Commencement Date definition

Royalty Commencement Date means, with respect to each Product in each country, the date of the First Commercial Sale of such Product in such country.
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Royalty Commencement Date means: (A) with respect to an ER Product and Other Product, the date that is five (5) years after the First Commercial Launch of the first ER Product or Other Product, whichever is earlier, in the Field in the Territory; and (B) with respect to an FDC Product, the date that is five (5) years after the First Commercial Launch of the first FDC Product in the Field in the Territory.
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Royalty Commencement Date means the date of the first Sale of a DFM Royalty Product.
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Examples of Royalty Commencement Date in a sentence

  • The "Royalty Commencement Date" shall be the fifth (5th) day of the first full calendar month following (a) the Opening Date (as defined in Section 3.3) or (b) the date on which your Center has obtained all necessary licenses and registrations to provide physical therapy services, whichever occurs first.

  • Signature/Common Seal Schedule 1 Amount of Compensation: Lump Sum: Rent: Royalty: Commencement Date: Expiry Date: or upon termination of the Applicant’s licence/lease issued under the Act, whichever is the earlier.

  • Beginning on the Closing Date, the Seller shall, upon the Purchaser’s written request and at the Purchaser’s sole expense (and using an accountant designated by the Purchaser and reasonably satisfactory to the Seller), inspect and audit Licensee’s books and records at any time and from time to time, in accordance with Section 5.13 of the License Agreement for payments that are paid or payable to the Purchaser with respect to Royalties beginning on or after the Royalty Commencement Date.

  • Notwithstanding anything to the contrary in this Agreement, the Seller and the Purchaser agree that, for the period beginning on the Royalty Commencement Date and ending as of the end of the twelfth Royalty Quarter, the Purchaser shall be entitled to receive a minimum payment on account of the Royalties attributable to Net Sales of Products in the Territory during any Royalty Quarter in the amount of $10,000 (the “ Minimum Purchased Royalty Entitlement”).

  • Within thirty (30) days following the Royalty Commencement Date for each CuraGen Product in each country, CuraGen shall give written notice to ABX thereof.


More Definitions of Royalty Commencement Date

Royalty Commencement Date means the date that is the later of (i) the First Commercial Sale and (ii) the Initial Funding Date.
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Royalty Commencement Date means the First Use Date.
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Royalty Commencement Date means 1 March 2010;
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Royalty Commencement Date means -; and
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Royalty Commencement Date means the earlier of (i) the Hotel and Casino Operation Commencement Date, or (ii) 18 months following Construction Commencement.
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Royalty Commencement Date means, for all countries in the Territory, [***]. ​
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Royalty Commencement Date means, with respect to each Product in each country, the date of the First
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