Minimum Annual Payments. The parties agree that Osm Kft shall be responsible for the Initial Contract Year Minimum Payment which payment shall not be waived in the event Mallinckrodt does not obtain sufficient Manufacturing Quota for the first Contract Year or in the event Osm Kft does not obtain sufficient Procurement Quota for the first Contract Year, After the first Contract Year, the minimum payments and minimum purchase requirements for the then-current Contract Year shall terminate and be of no further force or effect if the Agreement is terminated.
Appears in 3 contracts
Sources: Methylphenidate Supply Agreement (Osmotica Pharmaceuticals PLC), Methylphenidate Supply Agreement (Osmotica Pharmaceuticals LTD), Methylphenidate Supply Agreement (Osmotica Pharmaceuticals LTD)