Measure Date definition
Examples of Measure Date in a sentence
The restrictions imposed by Section 6.3 hereof upon the transferability of the Registrable Shares shall cease and terminate as to any particular number of Registrable Shares upon the passage of two (2) years from the Measure Date or at such time as an opinion of counsel satisfactory in form and substance to Parent shall have been rendered to the effect that such conditions are not necessary in order to comply with the Act.
Measure: Date of receipt of Contractor’s Corrective Action Plan as compared to date of receipt of monitoring report.
If on any Measure Date the Summed Royalties exceeds [†] of the Adjusted Gross Partnering Revenue, then no further Royalty shall be paid under Section 4 until the Summed Royalties on a subsequent Measure Date falls below [†] of the Adjusted Gross Partnering Revenue for that Measure Date, provided, however, that Asubio shall not be required to refund any Royalty payments that have already been paid to Asubio by Omeros.
If, following the fourth anniversary of the Revenue Measure Date, the aggregate amount paid to, and retained by, Seller pursuant to Sections 2.9(a) through Section 2.9(c) is less than the amount of the full Revenue Share, then Seller shall continue to receive all Management Fees until such time as the aggregate amount paid to, and retained by, Seller pursuant to this Section 2.9 equals the amount of the full Revenue Share.
For the 12-month period commencing on the second anniversary of the Revenue Measure Date and ending on the third anniversary of the Revenue Measure Date (the “Third Year”), Seller shall be entitled to a portion of the Revenue Share equal to an amount not to exceed the sum of (i) the Third Year Revenue Share plus (ii) the amount by which the payments made to Seller under Section 2.9(a) are less than Second Year Revenue Share (such sum, the “Third Year Maximum Amount”).
For the 12-month period commencing on the first anniversary of the Revenue Measure Date and ending on the second anniversary of the Revenue Measure Date (the “Second Year”), Seller shall be entitled to a portion of the Revenue Share equal to an amount not to exceed the Second Year Revenue Share.
The Company shall notify (the “Notice”) the Publisher of the number of earned shares for each Earning Date no later than __ days following the applicable Measure Date.
If on any Measure Date the Summed Royalties exceeds [***] of the Adjusted Gross Partnering Revenue, then no further Royalty shall be paid under Section 4 until the Summed Royalties on a subsequent Measure Date falls below [***] of the Adjusted Gross Partnering Revenue for that Measure Date, provided, however, that Asubio shall not be required to refund any Royalty payments that have already been paid to Asubio by ▇▇▇▇▇▇.
If on each respective Measure Date, the aggregate Net Eligible Revenue (from the respective Customers) repayments paid by the Company and received by the Partner are less than the respective Actual Tranche, then Company shall complete payment to Partner by paying the balance between the aggregate Net Eligible Revenue paid to Partner and such Actual Tranche, within ten (10) business days following the respective Measure Date.