Prohibited Royalty Rates. If rates of royalties provided for herein are prohibited by law or regulation in any country where a Ribozyme Product is sold, [ * ] Confidential treatment requested the Royalty Paying Party shall pay to the Royalty Receiving Party a royalty at the highest rate permitted in that country for a license of the type herein granted, provided that such rate is not greater than the rate applicable under this Agreement.
Appears in 2 contracts
Samples: License Agreement (Ribozyme Pharmaceuticals Inc), License Agreement (Ribozyme Pharmaceuticals Inc)
Prohibited Royalty Rates. If rates of royalties provided for herein are prohibited by law or regulation in any country where a Ribozyme Product is sold, [ * ] Confidential treatment requested the Royalty Paying Party shall pay to the Royalty Receiving Party a royalty at the highest rate permitted in that country for a license of the type herein granted, provided that such rate is not greater than the rate applicable under this Agreement.
Appears in 2 contracts
Samples: Collaboration and License Agreement (Ribozyme Pharmaceuticals Inc), Research Collaboration and License Agreement (Ribozyme Pharmaceuticals Inc)
