Common use of Competing Product Sales Clause in Contracts

Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [**]% or greater, then the royalty due for sales in that country in the Territory shall be reduced to [**] percent ([**]%) of Net Sales of Products in that country in the Territory.

Appears in 3 contracts

Samples: Development and License Agreement (Auxilium Pharmaceuticals Inc), Development and License Agreement (Auxilium Pharmaceuticals Inc), Development and License Agreement (Auxilium Pharmaceuticals Inc)

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Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [**]<OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION> % or greater, then the royalty due for sales in that country in the Territory shall be reduced to [**] <OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION> percent ([**]<OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION> %) of Net Sales of Products in that country in the Territory.

Appears in 1 contract

Samples: Development and License Agreement (Biospecifics Technologies Corp)

Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [**]% or greater, then the royalty due for sales in that country in the Territory shall be reduced to [***] percent ([**]%) of Net Sales of Products in that country in the Territory.

Appears in 1 contract

Samples: Development and License Agreement (Auxilium Pharmaceuticals Inc)

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Competing Product Sales. If during a period that BTC is not supplying commercial quantities of the Product a Competing Product is sold in a country in the Territory with a unit based market share of [***]% or greater, then the royalty due for sales in that country in the Territory shall be reduced to [***] percent ([***]%) of Net Sales of Products in that country in the Territory.

Appears in 1 contract

Samples: Development and License Agreement (Biospecifics Technologies Corp)

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