Generic Competition. At any time after Generic Competition exists in a country of the LICENSEE Territory, in each Calendar Quarter during the Royalty Period, Net Sales from such country shall be reduced by [*] before including same into Net Sales in all countries in the LICENSEE Territory for the purpose of calculating the applicable royalty rates set forth in Section 5.3.1.
Appears in 4 contracts
Samples: License Agreement (Minerva Neurosciences, Inc.), License Agreement (Minerva Neurosciences, Inc.), License Agreement (Minerva Neurosciences, Inc.)
Generic Competition. At any time after In the event that a Product faces Generic Competition exists in a particular country of the LICENSEE Territory, in each Calendar Quarter during the Royalty Period, Net Sales from applicable royalty rate for such country for such Product shall be reduced to by [*] before including same into Net Sales in all countries in the LICENSEE Territory for the purpose of calculating ** during the applicable royalty rates set forth Calendar Quarter in Section 5.3.1which such Generic Competition exists.
Appears in 2 contracts
Samples: Collaboration and License Agreement (Macrogenics Inc), Collaboration and License Agreement (Macrogenics Inc)
