Royalties and Sublicense Revenue. 5.1 Omeros shall pay Leicester on a quarterly basis a royalty for Licensed Products of [†] of the that portion of the Net License Proceeds realized during each respective quarter from Licensed Products (the “Licensed Product Royalty”), provided however that Omeros shall be entitled to deduct from the Licensed Product Royalty any accrued Third Party License Fees paid by Omeros on the Licensed Products not already deducted, but in no event shall Third Party License Fees be permitted to be deducted to an extent that such Third Party License Fees would reduce the Licensed Product Royalty by greater than [†] for any given quarter.
Appears in 4 contracts
Samples: License Agreement, Exclusive License and Sponsored Research Agreement (Omeros Corp), Exclusive License and Sponsored Research Agreement (Omeros Corp)
