Royalty on Net Sales. Licensee shall pay to TeneoBio a royalty of […***…] of Net Sales of all CAR Products during the applicable Royalty Term for each such CAR Product and country. Within […***…] days after the end of the first calendar quarter during which the First Commercial Sale of such CAR Product occurs, and within […***…] days after the end of each calendar quarter thereafter, Licensee shall deliver to TeneoBio, together with the applicable royalty payment due, a written report, on a country-by-country basis, of gross amounts invoiced, Net Sales and royalties payable for such CAR Product for such calendar quarter, including identification of each Selling Party, and showing Permitted Deductions taken.
Royalty on Net Sales. In addition to the foregoing payments and responsibilities described in Sections 4.1-4.3, LICENSEE shall pay BCM a royalty of […***…] percent ([…***…]%) of Net Sales. Collectively the royalty payments that are the subject of this Section 4.4 are termed “Royalties” for purposes of this Agreement, and shall be due and payable as provided in Section 5 and shall be delivered to BCM in accordance with the invoice instructions provided below.
Royalty on Net Sales. Licensee shall pay Harvard an amount equal to (i) [**] of Net Sales with respect to the first [**] of cumulative Net Sales, and (ii) [**] of Net Sales with respect to cumulative Net Sales in excess of [**].
Royalty on Net Sales. In partial consideration for any Exclusive Commercial License granted by Medarex, Celldex shall pay to Medarex a royalty on annual (based on a calendar year) aggregate worldwide Net Sales of Products on a Product-by-Product basis as follows: Annual Net Sales per Product Royalty Rate Portion of Annual Net Sales [*****] [*****] Portion of Annual Net Sales [*****] [*****] Portion of Annual Net Sales [*****] [*****]
Royalty on Net Sales. Ceres shall pay to CUTS an earned royalty on Net Sales on a product-by-product and country-by-country basis. Earned royalties shall accrue in each country for the duration of CUTS Patent Rights covering such HAP-1 Product in that country. Ceres shall pay royalties to CUTS on Net Sales from the first date of commercial introduction of a HAP-1 Product, which royalty shall be A. A is defined as follows: the lesser of [***] percent ([***]%) or (W/X)(MRNS); where X shall be the total number of Technological Elements in the HAP-1 Product; W is the sum of one half of the number of Technological Elements contributed to the HAP-1 Product which are jointly owned by CUTS and Ceres plus the total number of Technological Elements contributed to the HAP-1 Product solely by CUTS; and, MRNS shall be the maximum royalty on Net Sales, which is [***] percent ([***]%). The Parties further agree to negotiate in good faith for another royalty rate in the event of substantial market considerations.
Royalty on Net Sales. Licensee shall pay to Foundation a nonrefundable and non-recoverable Royalty on Net Sales of Sublicensees, subject to Section 3.5(d):
Royalty on Net Sales. On a ***, Xxxxxx Xxxxxxx shall pay to Palatin royalties on the Net Sales of Product in each country in the Territory ***:
Royalty on Net Sales. Licensee agrees to pay Licensor a royalty of [*] on Net Sales of Licensed Products sold or otherwise commercialized during the term of this Agreement. Such royalty payments shall accrue on a quarterly basis, based on the sales in the quarter.
Royalty on Net Sales. In partial consideration for the rights and licenses granted hereunder, Licensee shall pay Harvard royalties on Net Sales as follows:
Royalty on Net Sales. In partial consideration for the license granted hereunder, Molecular Insight shall pay to Schering royalties for the sale of Products, on a country-by-country basis, for a period from the date of First Commercial Sale of a particular Product until the later of the expiration of the last to expire Patent containing a Valid Claim or ten (10) years from the date of First Commercial Sale.
