Additional Royalty Provisions. (i) Only one royalty will be due with respect to the sale of the same unit of Covered Product. (ii) Royalties when owed or paid hereunder will be non-refundable and non-creditable and not subject to set-off, except as expressly set forth herein. (iii) Only one royalty will be due hereunder on the sale of a Covered Product even if the manufacture, use, sale, offer for sale or importation of such Covered Product infringes more than one (1) Patent.
Appears in 2 contracts
Samples: Research, Option and License Agreement (BIND Therapeutics, Inc), Research, Option and License Agreement (BIND Therapeutics, Inc)
Additional Royalty Provisions. (i) Only one royalty will be due with respect to the sale of the same unit of Covered Licensed Product.
(ii) Royalties when owed or paid hereunder will be non-refundable and non-creditable and not subject to set-off, except as expressly set forth herein.
(iii) Only one royalty will be due hereunder on the sale of a Covered Licensed Product even if the manufacture, use, sale, offer for sale or importation of such Covered Licensed Product infringes more than one (1) Patent.
Appears in 2 contracts
Samples: License Agreement (BIND Therapeutics, Inc), License Agreement (BIND Therapeutics, Inc)
Additional Royalty Provisions. (i) Only one royalty will be due with respect to the sale of the same unit of Covered Product.
(ii) Royalties when owed or paid hereunder will be non-refundable and non-creditable and not subject to set-off, except as expressly set forth herein.
(iii) Only one royalty will be due hereunder on the sale of a Covered Product even if the manufactureManufacture, use, sale, offer for sale or importation of such Covered Product infringes more than one (1) Patent.
Appears in 2 contracts
Samples: License Agreement (BIND Therapeutics, Inc), License Agreement (BIND Therapeutics, Inc)