Material Reduction in Net Sales

Material Reduction in Net Sales. Means any injunction, settlement, consent or other agreement described in Section 6 (an "Infringement Event") that results in (i) the immediate cessation of all or substantially all Net Sales of Recothrom Products, which cessation is expected to last for at least three (3) months, (ii) aggregate Net Sales for the two (2) consecutive Quarters immediately following such Infringement Event being less than seventy-five percent (75%) of the aggregate Net Sales for the comparable two (2) Quarters in... the preceding fiscal year, provided such Infringement Event occurs on or after July 1, 2009 or (iii) aggregate Net Sales for the two (2) consecutive Quarters immediately following such Infringement Event being less than seventy-five percent (75%) of the aggregate Net Sales for the two (2) consecutive Quarters immediately preceding such Infringement Event, provided such Infringement Event occurs prior to July 1, 2009. View More