Common use of Generic Competition Clause in Contracts

Generic Competition. Subject to Section 9.2.3(d) (Cumulative Reductions Floor), if during any Calendar Quarter during the Royalty Term for a given Licensed Product in a country the Generic Competition Percentage in such country is (i) greater than or equal to [***], but less than [***], then the Royalties owed with respect to Net Sales of such Licensed Product in such country in such Calendar Quarter will be reduced by [***]; or (ii) greater than or equal to [***], then the Royalties owed with respect to Net Sales of such Licensed Product in such country in such Calendar Quarter will be reduced by [***].

Generic Competition. Subject If, with respect to Section 9.2.3(d) (Cumulative Reductions Floor), if during any Calendar Quarter during the Royalty Term for a given Licensed particular Product in a particular country in the Territory during a particular Calendar Quarter, the Generic Competition Percentage in such country is (i) greater than or equal to [***], but less than at least [***], then the Royalties owed with respect to royalty rates set forth in Section 5.3 for Net Sales of such Licensed Product in such country in for such Calendar Quarter will shall be reduced by [***]; or (ii) greater than or equal . If, with respect to a particular Product in a particular country in the Territory during a particular Calendar Quarter, the Generic Competition Percentage in such country is at least [***], then the Royalties owed with respect to royalty rates set forth in Section 5.3 for Net Sales of such Licensed Product in such country in during such Calendar Quarter will shall be reduced by [***]).