Common use of Expiration of Royalty Term Clause in Contracts

Expiration of Royalty Term. On a region-by-region basis, upon the expiration of the Royalty Term for a given Product in a given region, the licenses granted by TPTX to Zai under Section 2.1 of this Agreement in such region with respect to such Product in the Field shall become fully paid-up, perpetual, irrevocable and sublicenseable in multiple tiers.

Expiration of Royalty Term. On a regionRegion-by-region Region and Product-by-Product basis, upon the expiration of the Royalty Term for a given Product in a given regionRegion, the licenses granted by TPTX Xxxxxxxx to Zai under Section 2.1 of this Agreement in such region Region with respect to such Product in the Field shall become fully paid-up, perpetual, irrevocable and sublicenseable in multiple tiers.