REDUCTION OF ROYALTY. In the event that, or from and after the date on which, (a) […***…] exists in a country, and (b) […***…] exists in such country, the royalty rate payable to AstraZeneca by Flexion under Section 6.2 with respect to Net Sales of such Licensed Product in such country, shall be […***…]. Any royalties owed to AstraZeneca after such a reduction in the royalty rate shall be compensation for Flexion’s use of the Licensed Know-How in accordance with Section 3.3.
Appears in 3 contracts
Samples: Licence Agreement, Licence Agreement (Flexion Therapeutics Inc), Licence Agreement (Flexion Therapeutics Inc)
REDUCTION OF ROYALTY. In the event that, or from and after the date on which, (a) […***…] exists in a country, and (b) […***…] exists in such country, the royalty rate payable to AstraZeneca by Flexion under Section 6.2 7.2 with respect to Net Sales of such Licensed Product in such country, shall be […***…]. Any royalties owed to AstraZeneca after such a reduction in the royalty rate shall be compensation for Flexion’s use of the Licensed Know-How in accordance with Section 3.3.
Appears in 2 contracts
Samples: Licence Agreement (Flexion Therapeutics Inc), Licence Agreement (Flexion Therapeutics Inc)
