Common use of Minimum Annual Royalty Clause in Contracts

Minimum Annual Royalty. In the event Procept is obligated to pay the Minimum Annual Royalty to Penn under Section 4.7 of the Penn License Agreement, AOI shall reimburse Procept for all of Procept's expenses under Section 4.7 of the Penn License Agreement.

Appears in 3 contracts

Samples: Sublicense Agreement, Sublicense Agreement (Keryx Biopharmaceuticals Inc), Sublicense Agreement (Paligent Inc)

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Minimum Annual Royalty. In the event Procept is obligated to pay the Minimum Annual Royalty to Penn under Section 4.7 of the Penn License Agreement, AOI shall reimburse Procept for all of Procept's ’s expenses under Section 4.7 of the Penn License Agreement.

Appears in 1 contract

Samples: Patent License Agreement (Paligent Inc)

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