Common use of Aggregate Royalty Reductions Clause in Contracts

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 7.6, in no event shall the royalties otherwise payable under Section 7.6(a) with respect to any given Net Sales of a Licensed Product in a country in the Territory be reduced as a result of the royalty reduction provisions of Sections 7.6(c) and (d) to be less than [***].

Appears in 2 contracts

Samples: License and Research Agreement (vTv Therapeutics Inc.), License and Research Agreement (vTv Therapeutics Inc.)

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Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 7.66.6(d), in no event shall the royalties otherwise payable under Section 7.6(a6.6(a) with respect to any given Net Sales of a Licensed Product in a country in the Territory be reduced reduced, as a result of the royalty reduction provisions of Sections 7.6(c6.6(d)(i), 6.6(d)(ii), 6.6(d)(iii)(A), 6.6(d)(iii)(B) and (d) 6.6(d)(iv), to be less than [***]…] of the royalties otherwise payable under Section 6.6(a).

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (Mirati Therapeutics, Inc.), Research Collaboration and License Agreement (Mirati Therapeutics, Inc.)

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 7.66.5, in no event shall the royalties otherwise payable under this Section 7.6(a) 6.5 with respect to any given Net Sales of a Licensed any Product in a country any Region in the Territory any Calendar Quarter be reduced as a result of the royalty reduction provisions of Sections 7.6(c) and (d) to be less than [***]] of the royalties payable under Section 6.5(a) with respect to Net Sales of such Product in such Region in such Calendar Quarter.

Appears in 1 contract

Samples: License Agreement (vTv Therapeutics Inc.)

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 7.6, in no event shall the royalties otherwise payable under Section 7.6(a) with respect to any given Net Sales of a Licensed Product in a country in the Territory be reduced as a result of the royalty reduction provisions of Sections 7.6(c) and (d) to be less than [***].

Appears in 1 contract

Samples: License and Research Agreement (Calithera Biosciences, Inc.)

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Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 7.66.5, subject to Section 11.6, in no event shall the royalties otherwise payable under this Section 7.6(a) 6.5 with respect to any given Adjusted Net Sales of a Licensed any Product in a country any Region in the Territory any Calendar Year be reduced as a result of the royalty reduction provisions of Sections 7.6(c) and (d) to be less than [***]] of the royalties payable under Section 6.5(a) with respect to Net Sales of such Product in such Region in such Calendar Year.

Appears in 1 contract

Samples: License Agreement (vTv Therapeutics Inc.)

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