Applicability of Royalty Rates to Net Sales in the Territory. Royalties on aggregate Net Sales of any Licensed Product in the Territory in a Calendar Year shall be paid at the rate applicable to the portion of Net Sales within each of the Net Sales levels during such Calendar Year. [***].
Appears in 3 contracts
Samples: Agreement Concerning Glucokinase Activator Project (vTv Therapeutics Inc.), Agreement Concerning Glucokinase Activator Project (vTv Therapeutics Inc.), Agreement Concerning Glucokinase Activator Project (vTv Therapeutics Inc.)
Applicability of Royalty Rates to Net Sales in the Territory. Royalties under this Section 7.6 on aggregate Net Sales of any Licensed Product in the Territory in a Calendar Year shall be paid at the rate applicable to the portion of Net Sales within each of the Net Sales levels during such Calendar Year. For example, if, during a Calendar Year, Net Sales of a particular Licensed Product were equal to $[**], then the royalties payable by Schering-Plough would be calculated by adding (i) the royalties with respect to the first $[**].
Appears in 1 contract
Samples: Research, Development and License Agreement (Aveo Pharmaceuticals Inc)
