Common use of Blended Rates Clause in Contracts

Blended Rates. The Parties acknowledge and agree that the Licensed Patent Rights and the Licensed Know-How licensed under this Agreement may justify royalty rates and/or Royalty Terms of differing amounts for sales of Products, which rates could be applied separately to Licensed Products involving the exercise of Licensed Patent Rights and/or the incorporation of Licensed Know-How, and that if such royalties were calculated separately, royalties relating to the Licensed Patent Rights and royalties relating to the Licensed Know-How would last for different terms. The Parties have determined in light of such considerations and for reasons of mutual convenience that blended royalty rates for the Licensed Patent Rights and the Licensed Know-How licensed hereunder will apply during a single Royalty Term (which blended royalty rates would be advantageous for both Parties) for sales of Licensed Products in a country. Consequently, the Parties have agreed to adopt the royalty rates set forth in this Section 6.4 with respect to the sales of Licensed Products as blended royalty rates.

Blended Rates. The Parties acknowledge and agree that the Licensed Patent Rights Assigned Patents transferred and the Licensed Know-How licensed under this Agreement may justify royalty Royalty rates and/or Royalty Terms terms of differing amounts for sales of Products, which rates could be applied separately to Licensed Products involving the exercise of Licensed Patent Rights Assigned Patents and/or the incorporation of Licensed Know-How, and that if such royalties Royalties were calculated separately, royalties Royalties relating to the Licensed Patent Rights Assigned Patents and royalties Royalties relating to the Licensed Know-How would last for different terms. The Parties have determined in light of such considerations and for reasons of mutual convenience that blended royalty Royalty rates for the Licensed Patent Rights Assigned Patents and the Licensed Know-How licensed hereunder will apply during a single Royalty Term term (which blended royalty Royalty rates would be advantageous for both Parties) for sales of Licensed Products in a countryProducts. Consequently, the Parties have agreed to adopt the royalty Royalty rates set forth in this Section 6.4 8.2 with respect to the sales of Licensed Products as blended royalty Royalty rates.

Blended Rates. The With respect to the royalty rates for the Product, the Parties acknowledge and agree that the Licensed Patent Rights and the Licensed Know-How licensed under pursuant to this Agreement may justify royalty rates and/or Royalty Terms of differing amounts for with respect to sales of Productsthe Product, which rates could be applied separately to Licensed Products the Product involving the exercise of such Licensed Patent Rights and/or the use or incorporation of such Licensed Know-How, and that if such royalties were calculated separately, royalties relating to the Licensed Patent Rights and royalties relating to the Licensed Know-How would last for different terms. The Parties have determined in light of such considerations and for reasons of mutual convenience that blended royalty rates for the Licensed Patent Rights and the Licensed Know-How licensed hereunder will apply during a single Royalty the Term (which blended royalty rates would be advantageous for to both Parties) for sales of Licensed Products ), subject to the royalty reduction calculation set forth in a countrySection 9.3.1. Consequently, the Parties have agreed to adopt the royalty rates set forth in this Section 6.4 with respect to the sales of Licensed Products as blended royalty rates9.3. 9.