Common use of EARNED ROYALTY ON SALES BY LICENSEE Clause in Contracts

EARNED ROYALTY ON SALES BY LICENSEE. 1. On a quarterly basis, Licensee shall pay to Demeter an earned royalty for Licensed Plant Products in an amount equal to the greater of the following two amounts [(a) or (b)] for each Licensed Plant Product that is made, used, sold, or imported by Licensee: (a) the sum of *** of Net Sales, if any, and *** of Trait Marketing

EARNED ROYALTY ON SALES BY LICENSEE. 1. On a quarterly basis, Licensee shall pay to Demeter Demegen an earned royalty for Licensed Nutritional Plant Products in an amount equal to the greater of the following two amounts [(a) or (b)] for each Licensed Nutritional Plant Product that is made, used, sold, or imported by Licensee: (a) the sum of *** of Net Sales, if any, and *** of Trait Marketingor