Cumulative Reductions Floor. In no event will the royalty rate under Section 9.3(a) in any given Calendar Quarter during the Royalty Term for any Licensed Product be reduced by more than [***] of the royalty rate that otherwise would have applied in such Calendar Quarter for such Licensed Product but for the reductions set forth in Section 9.3(c) through Section 9.3(e). For the avoidance of doubt, this provision does not apply to Section 9.3(g).
Appears in 2 contracts
Samples: Collaboration and License Agreement (Zai Lab LTD), Collaboration and License Agreement (Mirati Therapeutics, Inc.)
Cumulative Reductions Floor. In no event will the royalty rate rates under Section 9.3(a) 8.4.1 in any given Calendar Quarter during the Royalty Term for any Licensed a Product be reduced by more than [***] of the royalty rate rates that otherwise would have applied in such Calendar Quarter for such Licensed Product but for the reductions set forth in this Section 9.3(c) through Section 9.3(e). For the avoidance of doubt, this provision does not apply to Section 9.3(g)8.4.3.
Appears in 1 contract
Samples: License and Collaboration Agreement (ATAI Life Sciences B.V.)
Cumulative Reductions Floor. In no event will the royalty rate under Section 9.3(a9.6.1 (Royalty Rates) in any given Calendar Quarter during the Royalty Term for any Licensed Product be reduced by more than [***] of the royalty rate that otherwise would have applied in such Calendar Quarter for such Licensed Product but for the reductions set forth in this Section 9.3(c) through Section 9.3(e). For the avoidance of doubt, this provision does not apply to Section 9.3(g9.6.3 (Royalty Reductions).
Appears in 1 contract
Samples: License and Collaboration Agreement (Esperion Therapeutics, Inc.)
