Commercial Sale

Example Definitions of "Commercial Sale"
Commercial Sale. Any shipment of the Licensed Products in the Territory following receipt of Regulatory Approval pursuant to an arm's length sale by Knight or its Affiliates, sublicensees or assignees to a Third Party
Commercial Sale. Any shipment of the Licensed Products in the Territory following receipt of Regulatory Approval pursuant to an arm's length sale by Knight Licensee or its Affiliates, sublicensees or assignees to a Third Party
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Commercial Sale. Means, with respect to a Licensed Product in any jurisdiction in the Territory, a commercial transfer, lease or disposition for value of such Licensed Product in such jurisdiction to a third party in a bona fide arm's length transaction after marketing approval from the relevant regulatory authority in such jurisdiction has been obtained.
Commercial Sale. Means a bona fide sale, use, lease, transfer or other disposition for value of a Licensed Product by the Licensee or a sublicensee to a Third Party that is not an Affiliate of the Licensee.
Commercial Sale. The event when COMPANY can first recognize revenue for the sale of a LICENSED PRODUCT according to Generally Accepted Accounting Practices (GAAP) in the United States of America.
Commercial Sale. With respect to a particular Licensed Product, the commercial sale in an arm's length bona fide transaction with a Third Party for which consideration is received or expected for the sale, use, lease, transfer or other disposition, by or on behalf of Company, its Subsidiary or Sublicensee, to a Third Party that is not a Sublicensee (or to Company's Subsidiary or Sublicensee that is an end user or consumer of such Licensed Product), including any final sale to a distributor or wholesaler under... any non-conditional sale arrangement, of such of a Licensed Product. A Commercial Sale is deemed completed at the time that Company, its Subsidiary or Sublicensee invoices, ships, or receives payment for a Licensed Product, whichever occurs first View More
Commercial Sale. Any transaction, following receipt of all necessary government approvals to market a Licensed Product, that transfers to a purchaser, for value, physical possession of and title to such Licensed Product, after which transfer the seller has no right or power to determine the purchaser's resale price. Any such transfer of possession and title to an Affiliate or Sublicensee shall not constitute a Commercial Sale unless the Affiliate or Sublicensee is an end user of the Licensed Product.
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