Common use of Expiration of Royalty Payments Clause in Contracts

Expiration of Royalty Payments. Supernus’ obligation to pay royalties to RH on a country by country basis shall expire upon the earlier of: 5.2.3.1. Ten (10) years from the date of First Commercial Sale of an Supernus Product or 5.2.3.2. The market entry in a country of the Territory of a Product by any entity other than Supernus, an Affiliate of Supernus, or its Licensees.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Supernus Pharmaceuticals Inc), Purchase and Sale Agreement (Supernus Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Expiration of Royalty Payments. Supernus’ obligation to pay royalties to RH on a country by country basis shall expire upon the earlier of: 5.2.3.1. 1.. Ten (10) years from the date of First Commercial Sale of an Supernus Product or 5.2.3.2. The market entry in a country of the Territory of a Product by any entity other than Supernus, an Affiliate of Supernus, or its Licensees.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Supernus Pharmaceuticals, 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!