Common use of Reduction for Generic Competition Clause in Contracts

Reduction for Generic Competition. With respect to any country in the Territory where a product that is a Generic Product is being marketed by a Third Party or Parties, the royalties payable to Inspire under Section 6.3 with respect to Net Sales of the Product in such country shall be reduced by [CONFIDENTIAL TREATMENT REQUESTED], commencing with the calendar quarter during which such product becomes a Generic Product in such country.

Reduction for Generic Competition. With respect to any country in In the Territory where event that a product that is a Generic Product is being marketed by a Third Party or PartiesParties in any country in which a Party is selling the Product, the royalties payable to Inspire a Party under Section 6.3 7.4 with respect to Net Sales of the Product in such country shall be reduced by [CONFIDENTIAL TREATMENT REQUESTEDbased upon the [ * ], commencing with the calendar quarter during which such product becomes a Generic Product in such country.