PAYABLE BY METAMORPHIX TO GI Sample Clauses

PAYABLE BY METAMORPHIX TO GI. MetaMorphix shall pay to GI royalties on sales made by MetaMorphix, its Affiliates or sublicensees, of each MetaMorphix Product, the manufacture, use or sale of which is covered by a Valid Claim under the applicable Factor Patent Rights, which royalty shall be calculated using the following formula: royalty = A+B+C+D+E where A equals either (i) four percent (4%) of Net Sales obtained from such sales of such MetaMorphix Product, if the First Member of that Product's TGF-(beta) Class is a BMP: OR (ii) two percent (2%) of Net Sales obtained from such sale of such MetaMorphix Product, if the First Member of that Product's TGF(beta) Class is a Collaborative Factor of GI and(.) JHlU or a Collaborative Factor of GI and MetaMorphix; B equals one percent (1 %) of the Net Sales obtained from such sales of such MetaMorphix Product, multiplied by the number (if any) of Subsequent Members in such MetaMorphix Product's TGF-(beta) Class (not to exceed three (3)) which are BMPs;
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PAYABLE BY METAMORPHIX TO GI. MetaMorphix shall pay to GI royalties on the sales made by MetaMorphix, its Affiliates or sublicensees of each Other TGF-(beta) Product, which royalty shall be calculated using the following formula: royalty = A + B where A equals one percent (1 %) of the Net Sales obtained from the sale of such Other TGF-(beta) Product, multiplied by the number (if any) of BMPs (not to exceed three (3) for each TGF-(beta) Class), the manufacture, use or sale of which is covered by a Valid Claim under the applicable Factor Patent Rights. which BMPs belong to a TGF-(beta) Class containing the Other TGF-(beta) Factor that such Other TGF-(beta) Product is based on; and
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Related to PAYABLE BY METAMORPHIX TO GI

  • By Licensee Licensee shall defend, indemnify, and hold harmless Licensor, the REGENXBIO Licensors, and their respective shareholders, members, officers, trustees, faculty, students, contractors, agents, and employees (individually, a “Licensor Indemnified Party” and, collectively, the “Licensor Indemnified Parties”) from and against any and all Third Party liability, loss, damage, action, claim, fee, cost, or expense (including attorneys’ fees) (individually, a “Third Party Liability” and, collectively, the “Third Party Liabilities”) suffered or incurred by the Licensor Indemnified Parties from claims of such Third Parties that result from or arise out of: [*]; provided, however, that Licensee shall not be liable for claims to the extent based on any breach by Licensor of the representations, warranties, or obligations of this Agreement or the gross negligence or intentional misconduct of any of the Licensor Indemnified Parties. Without limiting the foregoing, Licensee must defend, indemnify, and hold harmless the Licensor Indemnified Parties from and against any Third Party Liabilities resulting from:

  • Purchase of Products TTI shall sell to Distributor and Distributor shall purchase from TTI, in accordance with the terms and conditions of this Agreement, the Products pursuant to the published Distributor Price List. It is the intention of the parties that Products shall be purchased by Distributor hereunder for the purpose of resale and that the Distributor shall sell the Products solely within the Territory unless otherwise agreed to and be responsible for the collection and reporting of any and all sales tax or use tax in its territory.

  • By Licensor Licensor represents and warrants that:

  • Sublicense Fees Licensee will pay Sublicense Fees indicated in Section 3.1(e) of the Patent & Technology License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

  • Delivery of Materials to Underwriters The Company will deliver to each of the several Underwriters, without charge and from time to time during the period when a prospectus is required to be delivered under the Act or the Exchange Act, such number of copies of each Statutory Prospectus, the Prospectus and all amendments and supplements to such documents as such Underwriters may reasonably request.

  • Termination by Licensee 10.1. Licensee will have the right at any time to terminate this Agreement in whole or as to any portion of Patent Rights or Property Rights by giving notice in writing to The Regents. Such Notice of Termination will be subject to Article 20. (Notices) and termination of this Agreement in whole or with respect to any portion of the Patent Rights or Property Rights will be effective 60 days after the effective date thereof.

  • Payment of Royalty If the Optionor and Optionee have formed the Joint Venture under Article 4.1 hereof, then until either the Optionee or Optionor ceases to have any interest in the Joint Venture and the Property, the Optionee and Optionor shall pay their proportionate shares(based on their respective undivided interests in the Joint Venture) of any royalty payable to any governmental body.

  • Termination by Licensor Licensor, at its option, may immediately terminate the Agreement, or any part of Licensed Subject Matter, or any part of Field of Use, or any part of Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur:

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