Common use of Milestone Event Milestone Payment Clause in Contracts

Milestone Event Milestone Payment. First Commercial Sale of a Product under the applicable Post-Effective Date Program [*] Worldwide Net Sales of Products under the applicable Post-Effective Date Program exceed [*] in a calendar year [*] Worldwide Net Sales of Products under the applicable Post-Effective Date Program exceed [*] in a calendar year [*] Worldwide Net Sales of Products under the applicable Post-Effective Date Program exceed [*] in a calendar year [*]

Appears in 2 contracts

Sources: Research Collaboration and License Agreement (Entera Bio Ltd.), Research Collaboration and License Agreement (Entera Bio Ltd.)

Milestone Event Milestone Payment. First Commercial Sale of a Product under the applicable Post-Effective Date Initial Program [*] Worldwide Net Sales of Products under the applicable Post-Effective Date Initial Program exceed [*] in a calendar year [*] Worldwide Net Sales of Products under the applicable Post-Effective Date Initial Program exceed [*] in a calendar year [*] Worldwide Net Sales of Products under the applicable Post-Effective Date Initial Program exceed [*] in a calendar year [*]

Appears in 2 contracts

Sources: Research Collaboration and License Agreement (Entera Bio Ltd.), Research Collaboration and License Agreement (Entera Bio Ltd.)