Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. For example:
Creditable Payments. Creditable payments under this Agreement will be an offset to Alnylam against each earned royalty payment which Alnylam would be required to pay under Section 6.3 until the entire credit is exhausted.
Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. For example:
Creditable Payments. Each Party may credit any Excess Expenses (including interest calculated at the rate equal to the prime rate as reported by the Chase Manhattan Bank, New York, New York, plus [...***...] percent ([...***...]%), compounded annually) it has incurred, as determined in accordance with Section 3.9, against any royalty payments it is required to make under Section 4.1, up to a maximum of [...***...]% of the royalties due from such Party in any calendar quarter. In the event that a Collaboration Product has been registered in one Party's Territory but the First Commercial Sale of a Collaboration Product in the other Party's Territory is delayed or likely to be delayed by more than twelve (12) months, and such delayed Party has Excess Expenses the Parties will negotiate in good faith an agreement to ensure that during such period until there is Registration and Net Sales of such Collaboration Product in each Party's Territory, the Parties will share expenses and returns under the Collaboration recognizing the guiding principle of a 50/50 collaboration with equal sharing of expenses and returns. 13 ***CONFIDENTIAL TREATMENT REQUESTED
Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. For example:
Creditable Payments. The license maintenance fee under Section 7.6 [ * ] may be offset against earned royalty payments due on Net Sales [ * ]. For example:
Creditable Payments. Royalty payments due to Stanford under Section 7.4 above in a particular year will be reduced by the license maintenance fee paid by such Licensee and applicable to such year. For example:
Creditable Payments. Royalty payments due to Stanford under Section 7.4 above in a particular year will be reduced by the license maintenance fee paid by such Licensee and applicable to such year. For example: if a Licensee pays Stanford a $[…***…] maintenance payment for year Y, and according to Section 7.4 $[…***…] in earned royalties are due Stanford for Net Sales in year Y, such Licensee will only need to pay Stanford an additional $[…***…] for that year’s earned royalties. if a Licensee pays Stanford a $[…***…] maintenance payment for year Y, and according to Section 7.4 $[…***…] in earned royalties are due Stanford for Net Sales in year Y, Licensee will not need to pay Stanford any earned royalty payment for that year. Such Licensee will not be able to offset the remaining $[…***…] against a future year’s earned royalties.
Creditable Payments. The license maintenance fee for a year may be […***…] occurring in that year. For example:
Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. For example: (A) if Telomolecular pays Stanford a $ 10 maintenance payment for year Y, and according to Section 7.7 $15 in earned royalties are due Stanford for Net Sales in year Y, Telomolecular will only need to pay Stanford an additional $5 for that year's earned royalties. (B) if Telomolecular pays Stanford a $10 maintenance payment for year Y, and according to Section 7.7 $3 in earned royalties are due Stanford for Net Sales in year Y, Telomolecular will not need to pay Stanford any earned royalty payment for that year. Telomolecular will not be able to offset the remaining $7 against a future year's earned royalties. 7-6 Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience's sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or ofiered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, Telomolecular will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.
