Application of Commercial Exploitation Gross Receipts Ancillary Rights Royalty Tm Royalty
Application of Commercial Exploitation Gross Receipts Ancillary Rights Royalty Tm Royalty Sample Clauses
Related to Application of Commercial Exploitation Gross Receipts Ancillary Rights Royalty Tm Royalty
Royalty Term On a country-by-country and Licensed Product-by-Licensed Product basis, royalty payments in the Territory shall commence upon the first commercial sale of such Licensed Product, whether such sale is to a Public Purchaser, Governmental Authority or private entity or person and whether such sale is made under an EUA or Key Approval, in such country in the Territory and will terminate upon the later of: (a) the expiration, invalidation or abandonment date of the last Valid Claim of the Patents in the country of sale or manufacture of such Licensed Product in the Territory or (b) expiration of regulatory exclusivity of such Licensed Product in such country of sale in the Territory (the “Royalty Term”).
