Calculation of Royalties. (a) Royalties shall be calculated on a calendar quarter basis. Payment of Royalties (or Minimum Royalties) with respect to each calendar quarter shall be due within sixty (60) days after the end of each quarter, beginning with the earlier of the calendar quarter in which the first commercial sale of Licensed Products occurs or the calendar quarter ended December 31, 1994.
Appears in 2 contracts
Samples: Exclusive License Agreement (R2 Technology Inc), Exclusive License Agreement (R2 Technology Inc)
Calculation of Royalties. (a) Royalties shall be calculated on a calendar quarter basis. Payment of Royalties (or and, if applicable, Minimum Royalties) with respect to each calendar quarter shall be due within sixty forty-five (6045) days after the end of each quarter, beginning with the earlier of (i) the calendar quarter in which the first commercial sale of Licensed Products occurs or Processes occurs, and (ii) the calendar quarter ended December 31, 1994for which Minimum Royalties would be due pursuant to Section 3.3 above.
Appears in 2 contracts
Samples: Patent License Agreement (Hyseq Inc), Patent License Agreement (Hyseq Inc)
Calculation of Royalties. (a) Royalties shall be calculated on a calendar quarter basis. Payment of Royalties (or Minimum Royalties) with respect to each calendar quarter shall be due within within. sixty (60) days after the end of of-each quarter, beginning with the earlier of the calendar quarter in which the first commercial sale of Licensed Products occurs or the calendar quarter ended December 31, 1994occurs.
Appears in 1 contract
Samples: License Agreement (Applied Genetic Technologies Corp)
