Generic Launch Date definition
Examples of Generic Launch Date in a sentence
Allergan shall be permitted to book orders for the Authorized Generic Version of a Product at least [***] ([***]) months in advance of the Estimated Third Party Generic Launch Date.
Allergan shall notify NexMed as early as reasonably possible of any expected launch by a Third Party of a Generic Product, which date Allergan shall determine in good faith (the “Estimated Third Party Generic Launch Date”); provided, that Allergan shall not be responsible or liable for any inaccuracies or errors in its determination of such Estimated Third Party Generic Launch Date.
Beginning with the calendar quarter after the Authorized Generic Launch Date (which shall also include the period from the Authorized Generic Launch Date to the beginning of such calendar quarter) and for each calendar quarter thereafter, a quarterly statement shall be prepared by Core showing the calculation of the Distribution Fee.
Subject to the terms and conditions set forth in this Agreement, and beginning on the Authorized Generic Launch Date, King hereby grants to Core a non-exclusive, personal, non-transferable and, except as set forth in Section 11.6, non-assignable license under the King Authorized Generic Patent Rights to Commercialize the Authorized Generic Product in the Territory during the Term.
King and Core agree that the Authorized Generic Product may only be marketed, distributed or sold by Core beginning on the Authorized Generic Launch Date and continuing through the Term of this Agreement.
Allergan shall have final decision-making authority to determine whether and when to launch the Authorized Generic Version of each Product in the Territory; provided, that the AG Launch Date shall occur no sooner than [***] ([***]) weeks in advance of any Estimated Third Party Generic Launch Date.
Notwithstanding any reduction of royalties under Section 4.2(b)(i) for a given Licensed Product in a given country due to Generic Competition, if, in any Generic Competition [***], Net Sales of such Licensed Product in such country exceed [***] of the Net Sales of such Licensed Product in the [***] completed just prior to the Generic Launch Date, Teva shall resume payment of royalties consistent with Teva’s payment of royalties prior to the Generic Competition Event.