Reductions for No Valid Claim. The royalty amounts payable with respect to Per Licensed Product Annual Net Sales shall be reduced on a Licensed Product-by-Licensed Product and country-by-country basis, to [***] percent ([***]%) of the amounts otherwise payable pursuant to Section 5.3.1 during any portion of the applicable Royalty Term in which both: (i) [***] and (ii) [***].
Appears in 3 contracts
Samples: Global License Agreement (Prothena Corp Public LTD Co), Master Collaboration Agreement (Prothena Corp PLC), Master Collaboration Agreement (Prothena Corp PLC)
Reductions for No Valid Claim. The royalty amounts payable with respect to Per Licensed Product Annual Net Sales shall be reduced on a Licensed Product-by-Licensed Product and country-by-country basis, to [***] percent ([***]%) of the amounts otherwise payable pursuant to Section 5.3.1 5.2.1 during any portion of the applicable Royalty Term in which both: (i) [***] and (ii) [***].
Appears in 2 contracts
Samples: Master Collaboration Agreement (Prothena Corp PLC), Master Collaboration Agreement (Prothena Corp PLC)
Reductions for No Valid Claim. The royalty amounts payable with respect to Per Licensed Annual Product Annual Net Sales shall be reduced on a Licensed Product-by-Licensed Product and country-by-country basis, to [***] percent ([***]%) of the amounts otherwise payable pursuant to Section 5.3.1 6.2.1 during any portion of the applicable Royalty Term in which both: the sale of such Licensed Product in such country is not Covered by at least one (i1) [***] and (ii) [***]Valid Claim.
Appears in 1 contract
