Market Reduction Example Clause Samples

Market Reduction Example. For Products sold in the Territory: Assume that in the calendar year *** the total Net Sales of Products are $***. In that example the following royalties would be payable prior to application of any Market Reduction: Assume that in country X during the first *** a Competing Product had commenced sales in country X, and in the first Calendar Quarter of *** achieved the criteria to trigger a Market Reduction under Section 8.2.3 (Rate Step Down for Competing Product Entrants). Assume that Net Sales of Products in country X were $***. *** The Market Reduction in country X would result in a reduction to royalties payable of an amount equal to $***). Therefore the total royalty payable for Product Net Sales would be $***.

Market Reduction Example. For Products sold in the Territory: Assume that in the calendar year *** the total Net Sales of Products are $***. In that example the following royalties would be payable prior to application of any Market Reduction: