Minimum Requirement. During each Contract Year, Palatin (or its Affiliates or licensees) shall purchase the minimum number of units of Product set out on Attachment D (“Minimum Requirement”). If during any Contract Year Palatin purchases a number of units of Product that is less than the Minimum Requirement (the difference, a “Purchase Shortfall”), then within [***] after the end of such Contract Year, Palatin shall pay Catalent an amount equal to [***].
Appears in 2 contracts
Sources: Commercial Supply Agreement (Palatin Technologies Inc), Commercial Supply Agreement (Amag Pharmaceuticals, Inc.)
Minimum Requirement. During each Contract Year, Palatin (or its Affiliates or licensees) shall purchase the minimum number of units of Product set out on Attachment D (“Minimum Requirement”). If during any Contract Year Palatin purchases a number of units of Product that is less than the Minimum Requirement (the difference, a “Purchase Shortfall”), then within [***] * after the end of such Contract Year, Palatin shall pay Catalent an amount equal to [***].
Appears in 1 contract
Sources: Commercial Supply Agreement (Palatin Technologies Inc)