Common use of Minimum Royalty Rate Clause in Contracts

Minimum Royalty Rate. During the Royalty Term the operation of [ * ], singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 9.3(a).

Minimum Royalty Rate. During the Royalty Term the operation of [ * ], singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 9.3(a).

Minimum Royalty Rate. During the Royalty Term Term, the operation of the subsections [ * ], ] of Section 8.3(b) singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 9.3(a8.3(a). For clarity, the [ * ] shall [ * ] to the operation of Section [ * ].

Minimum Royalty Rate. During the Royalty Term Term, the operation of [ * ], ] Section 8.3(b) singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 9.3(a8.3(a). [ * ].