Percentage Royalty. As additional consideration for ------------------ the exclusive license granted pursuant to Section 2.1 hereof, Licensee shall pay to Licensor a continuing royalty on a country-by-country basis in the amount of (i) three percent (3%) of Net Sales of Licensed Products made, used or sold in any country where the Licensed Technology utilized therein is protected by a valid patent.
Appears in 2 contracts
Samples: License Agreement (Aastrom Biosciences Inc), License Agreement (Aastrom Biosciences Inc)
Percentage Royalty. As additional consideration for ------------------ the exclusive license rights granted pursuant to Section 2.1 hereofunder this Agreement, Licensee shall pay to Licensor a continuing running royalty on a country-by-country basis in the amount of (i) three percent (3%) [ * ] of Net Sales of Licensed Products made, used or sold in any country where the Licensed Technology utilized therein is protected by a valid patentProducts.
Appears in 2 contracts
Samples: License Agreement (Ista Pharmaceuticals Inc), License Agreement (Ista Pharmaceuticals Inc)
Percentage Royalty. As additional consideration for ------------------ the exclusive license granted pursuant to Section 2.1 2 hereof, Licensee shall pay to Licensor a continuing royalty on a country-by-country basis in basis, based upon the amount of (i) three percent (3%) of Net Sales of Licensed Products made, used or sold in any country where the Licensed Technology utilized therein is protected by a valid patent.each country, as follows:
Appears in 1 contract
