Generic Entry. If, at any time during the Royalty Term, a Generic Product of a Licensed Product [***] in any Region in the Territory in which a Licensed Product is then being sold by Lian or an Affiliate or Sublicensee, then the applicable royalty rates in effect with respect to such Licensed Product in such Region as specified in Section 6.2(a) (Royalty Rate) will be reduced by [***] for the remainder of the Royalty Term for such Licensed Product in such Region.
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Samples: License and Collaboration Agreement (LianBio), License and Collaboration Agreement (Landos Biopharma, Inc.), License and Collaboration Agreement (LianBio)
Generic Entry. If, If at any time during the Royalty Term, Term there is a Generic Product of a Licensed Product [***] in the Field sold in any Region in the Territory in which a Licensed Product is then being sold by Lian Licensee or an Affiliate or Sublicensee, then the applicable royalty rates royalties in effect with respect to such Licensed Product in such Region as specified in Section 6.2(a) (Royalty Rate6.2(a)(ii) will be reduced by [***] for the remainder of the Royalty Term for such Licensed Product in such Region].
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