Common use of Compulsory Licenses Clause in Contracts

Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 (as adjusted pursuant to Section 5.3.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales in such country under Section 5.3.1 shall be reduced [***].

Appears in 4 contracts

Samples: Global License Agreement (Prothena Corp Public LTD Co), Master Collaboration Agreement, Master Collaboration Agreement (Prothena Corp PLC)

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Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 5.2.1 (as adjusted pursuant to Section 5.3.35.2.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales in such country under Section 5.3.1 5.2.1 shall be reduced [***].

Appears in 3 contracts

Samples: Master Collaboration Agreement, Master Collaboration Agreement (Prothena Corp PLC), Master Collaboration Agreement (Prothena Corp PLC)

Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a any Initial Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 7.4.1 (as adjusted pursuant to Section 5.3.37.4.3), then the royalty rate to be paid by Celgene on Per Initial Licensed Product Annual Net Sales in such country under Section 5.3.1 7.4.1 shall be reduced [***]to the rate payable by the compulsory licensee.

Appears in 1 contract

Samples: License Agreement (Jounce Therapeutics, Inc.)

Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 5.2.1 (as adjusted pursuant to Section 5.3.35.2.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales in such country under Section 5.3.1 5.2.1 shall be reduced [***].

Appears in 1 contract

Samples: u.s. License Agreement (Prothena Corp Public LTD Co)

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Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 5.2.1 (as adjusted pursuant to Section 5.3.35.2.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales in such country under Section 5.3.1 5.2.1 shall be reduced reduced[***].

Appears in 1 contract

Samples: Global License Agreement (Prothena Corp Public LTD Co)

Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Celgene Territory with a royalty rate lower * Confidential Information, indicated by [...***...], has been omitted from this filing and filed separately with the U.S. Securities and Exchange Commission. than the royalty rate provided by Section 5.3.1 8.6.1 (as adjusted pursuant to per Section 5.3.38.6.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales under such compulsory license in such country under Section 5.3.1 shall 8.6.1 will be reduced [***]to the rate payable by the compulsory licensee.

Appears in 1 contract

Samples: Exclusive License and Collaboration Agreement (BeiGene, Ltd.)

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