Common use of Annual Minimum Purchase Clause in Contracts

Annual Minimum Purchase. Perk▇▇-▇▇▇▇▇ ▇▇▇l, during each License Year, purchase at least [*] worth of MGB Oligonucleotides and/or MGB Intermediates from Epoch. In the event that Perk▇▇-▇▇▇▇▇ ▇▇▇ not, by the end of such License Year, purchased such minimum amount, it will promptly, within thirty (30) days of the end of such License Year, purchase an amount of MGB Oligonucleotides and/or MGB Intermediates necessary to meet such annual minimum amount. Such additional amounts will not be counted towards the annual minimum amount in the License Year in which they were purchased. * CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH COMMISSION.

Appears in 1 contract

Sources: License and Supply Agreement (Epoch Pharmaceuticals Inc)

Annual Minimum Purchase. Perk▇▇-▇▇▇▇▇ ▇▇▇l, during each License Year, purchase at least [*[ * ] Dollars ([ * ]) worth of MGB Oligonucleotides and/or MGB Intermediates from EpochEpoch (based on the purchase price set forth in Section5.03). In the event that Perk▇▇-▇▇▇▇▇ ▇▇▇ not, by the end of such License Year, purchased such minimum amount, it will promptly, within thirty (30) days of the end of such License Year, purchase an amount of MGB Oligonucleotides and/or MGB Intermediates necessary to meet such annual minimum amount. Such additional amounts will not be counted towards the annual minimum amount in the License Year in which they were purchased. * CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH COMMISSION.

Appears in 1 contract

Sources: License and Supply Agreement (Epoch Pharmaceuticals Inc)

Annual Minimum Purchase. Perk▇▇-▇▇▇▇▇ ▇▇▇l, during each License Year, purchase at least [*] worth of MGB Oligonucleotides and/or MGB Intermediates from Epoch. In the event that Perk▇▇-▇▇▇▇▇ ▇▇▇ not, by the end of such License Year, purchased such minimum amount, it will promptly, within thirty (30) days of the end of such License Year, purchase an amount of MGB Oligonucleotides and/or MGB Intermediates necessary to meet such annual minimum amount. Such additional amounts will not be counted towards the annual minimum amount in the License Year in which they were purchased. * CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH COMMISSION.

Appears in 1 contract

Sources: License and Supply Agreement (Epoch Pharmaceuticals Inc)