Common use of Limitation on Royalties Clause in Contracts

Limitation on Royalties. Notwithstanding anything to the contrary ----------------------- contained herein, (a) no royalties shall be payable by the Company with respect to the Net Sales of the Licensed Products to any of its Affiliates thereof (although such sales may be used as the basis for calculating Net Sales pursuant to Section 1. 12 hereof and the royalties payable to the Inventors based upon such Affiliates' Net Sales), and (b) no multiple royalties shall be payable in the event that any of the Licensed Products or the manufacture, use or sale thereof is covered by more than one patent included in the Licensed Patents.

Appears in 3 contracts

Samples: License Agreement (Esperion Therapeutics Inc/Mi), License Agreement (Esperion Therapeutics Inc/Mi), License Agreement (Esperion Therapeutics Inc/Mi)

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Limitation on Royalties. Notwithstanding anything to the contrary ----------------------- contained herein, (a) no royalties shall be payable by the Company LICENSEE with respect to the Net Sales of the Licensed Products to any of its Affiliates thereof (although such sales may be used as the basis for calculating Net Sales pursuant or by any of LICENSEE's Affiliates to Section 1. 12 hereof and the royalties payable to the Inventors based upon such Affiliates' Net Sales)any other Affiliate thereof, and (b) no multiple royalties shall be payable in the event that any of the Licensed Products or the manufacture, use or sale thereof is covered by more than one patent included in the Licensed PatentsPatent Rights.

Appears in 1 contract

Samples: License Agreement (Esperion Therapeutics Inc/Mi)

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