Common use of Limit on Deductions Clause in Contracts

Limit on Deductions. Under no circumstances shall the deductions under this Section 3.3 result in the amount payable to Company being reduced by more than [...***...] ([...***...]) compared with the amount otherwise payable under Section 3.2 in a Calendar Quarter. In the event that BeiGene is not able to deduct the full amount of the permitted deduction from the amount due to Company due to the [...***...] ([...***...]) minimum amount, BeiGene shall be entitled to deduct any undeducted excess amount from subsequent amounts owed to Company under Section 3.2 (subject always to Company receiving a minimum of [...***...] ([...***...]) of the amount owed) in a subsequent Calendar Quarter.

Appears in 2 contracts

Samples: License Agreement (BeiGene, Ltd.), License Agreement (BeiGene, Ltd.)

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Limit on Deductions. Under no circumstances shall the deductions under this Section 3.3 result in the amount payable to Company being reduced by more than [...***...] ([...***...]) *Confidential Information, indicated by [...***...], has been omitted from this filing and filed separately with the Securities and Exchange Commission. compared with the amount otherwise payable under Section 3.2 in a Calendar Quarter. In the event that BeiGene is not able to deduct the full amount of the permitted deduction from the amount due to Company due to the [...***...] ([...***...]) minimum amount, BeiGene shall be entitled to deduct any undeducted excess amount from subsequent amounts owed to Company under Section 3.2 (subject always to Company receiving a minimum of [...***...] ([...***...]) of the amount owed) in a subsequent Calendar Quarter.

Appears in 1 contract

Samples: License Agreement (BeiGene, Ltd.)

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Limit on Deductions. Under no circumstances shall the deductions under this Section 3.3 result in the amount payable to Company being reduced by more than [...***...] ([...***...]) *Confidential Information, indicated by [...***...], has been omitted from this filing and filed separately with the Securities Exchange Commission. compared with the amount otherwise payable under Section 3.2 in a Calendar Quarter. In the event that BeiGene is not able to deduct the full amount of the permitted deduction from the amount due to Company due to the [...***...] ([...***...]) minimum amount, BeiGene shall be entitled to deduct any undeducted excess amount from subsequent amounts owed to Company under Section 3.2 (subject always to Company receiving a minimum of [...***...] ([...***...]) of the amount owed) in a subsequent Calendar Quarter.

Appears in 1 contract

Samples: License Agreement (BeiGene, Ltd.)

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