OFFSETS FOR THIRD PARTY ROYALTIES Sample Clauses

OFFSETS FOR THIRD PARTY ROYALTIES. The royalties otherwise payable by Genentech hereunder shall be reduced by [XXXXX] of the amounts that Genentech must pay to any third party due to manufacture, use, or sale of Licensed Products and caused by the fact that the Licensed Product incorporates the Alkermes Technology, on a country-by-country basis; provided, however, that in no event shall the royalties payable hereunder be reduced by [XXXXXXXXXXX].