Earned Royalties For Products. 5.4.1 Loxo shall pay Array (a) a royalty of [***] on worldwide Net Sales of Products directed to Trk, and (b) a royalty of [***] on worldwide Net Sales of Products directed to Targets. With respect to the royalty described in clause (b) for a Product directed to a Target, Loxo shall have the right to credit the [***] Milestone payment against royalties on sales of Products directed to such Target. Royalties payable under this Section 5.4 shall be paid on a country-by-country basis from the date of the first commercial sale of each Product with respect to which royalty payments are due until the later of (i) the [***] anniversary of the first commercial sale of the Product in such country, and (ii) the expiration date in such country of the last to expire of any patent within the Array Technology or the Collaboration Technology that includes at least one Valid Claim covering the manufacture, use or sale of such Product in such country. Only one royalty shall be paid to Array with respect to a particular Product subject to royalties under this Section, without regard to whether more than one issued and unexpired claim of a Patent within the Array Technology or Collaboration Technology is applicable to such Product.
Earned Royalties For Products. During the term of this Agreement, Ono shall pay to Array, on a quarterly basis, a royalty on the Net Sales of Products by Ono, its Affiliates or Sublicensees. Such royalty shall be paid quarterly, at the applicable rates set forth in Section 6.3 below, based on the Annual Net Sales of all Products, subject to the adjustments set forth in Sections 6.4 to 6.7 (the “Royalty Payments”).
Earned Royalties For Products. During the Term, Amgen shall pay to Array, on a quarterly basis, a royalty on the Net Sales of each Product by Amgen, its Affiliates or Sublicensees made during the Royalty Term. Such royalty shall be paid quarterly, at the applicable rates set forth in Section 6.5.1 below, based on the total annual Net Sales made during the Royalty Term for each calendar year, on a Product-by-Product basis, subject to Section 6.5.2(a).
Earned Royalties For Products. 6.4.1 Loxo shall pay Array (a) a royalty of [*] on worldwide Net Sales of Products directed to [*], and (b) a royalty of [*] on worldwide Net Sales of Products directed to Targets. With respect to the royalty described in clause (b) for a Product directed to a Target, Loxo shall have the right to credit the [*] Milestone payment against royalties on sales of [ * ] = 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 24b-2 of the Securities Exchange Act of 1934, as amended. Products directed to such Target. Royalties payable under this Section 5.4 shall be paid on a country‑by-country basis from the date of the first commercial sale of each Product with respect to which royalty payments are due until the later of (i) the [*] anniversary of the first commercial sale of the Product in such country, and (ii) the expiration date in such country of the last to expire of any patent within the Array Technology or the Collaboration Technology that includes at least one Valid Claim covering the manufacture, use or sale of such Product in such country. Only one royalty shall be paid to Array with respect to a particular Product subject to royalties under this Section, without regard to whether more than one issued and unexpired claim of a Patent within the Array Technology or Collaboration Technology is applicable to such Product.
