Common use of Computation of Royalties Clause in Contracts

Computation of Royalties. All sales of LeukoSite Products between LeukoSite and any of its Affiliates and sublicensees with the intent of resale by such Affiliates and sublicensees shall be disregarded for purposes of computing royalties under this Article V, but in such instances royalties shall be payable only upon commercial sales to unlicensed third parties by the Affiliates and sublicensees. Nothing herein contained shall obligate LeukoSite to pay Warner more than one royalty on any unit of a LeukoSite Product. All sales of Warner Products or Warner-LeukoSite Products between Warner and any of its Affiliates and sublicensees with the intent of resale by such Affiliates and sublicensees shall be disregarded for purposes of computing royalties under this Article V, but in such instances royalties shall be payable only upon commercial sales to unlicensed third parties by the Affiliates and sublicensees. Nothing herein contained shall obligate Warner to pay LeukoSite more than one royalty on any unit of a Warner Product or Warner-LeukoSite Products.

Appears in 5 contracts

Samples: Development and Marketing Agreement (Leukosite Inc), Development and Marketing Agreement (Leukosite Inc), Confidential Treatment (Leukosite Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!