Royalties for Licensed Products (and not Licensed Diagnostic Products). (a) Subject to Article 5 of this License Agreement, on a Licensed Product-by-Licensed Product basis, Celgene shall pay Juno royalties on License Net Sales by Celgene, its Affiliates and Sublicensees in the ROW Territory, for the applicable Licensed Product at the royalty rates set forth below: On all License Net Sales of such Licensed Product in the ROW Territory by Celgene, its Affiliates and Sublicensees [***] (b) Notwithstanding the foregoing, if (i) the Licensed Product contains an [***] that is [***] to CD22 that is included in an [***] in an [***] for which Celgene exercised its Option pursuant to Section 3.1.5 of the Master Collaboration Agreement after the License Agreement Effective Date, and (ii) [***], then the royalty rate applicable to sales of such Licensed Product [***] at the time Celgene exercised its Option pursuant to Section 3.1.5 of the Master Collaboration Agreement. (c) For clarity, the royalties set forth in this Paragraph 2 of this Exhibit C-2 do not apply to Licensed Diagnostic Products, which royalties are set forth solely in Paragraph 3 of this Exhibit C-2.
Appears in 2 contracts
Samples: License Agreement (Juno Therapeutics, Inc.), Master Research and Collaboration Agreement (Juno Therapeutics, Inc.)
Royalties for Licensed Products (and not Licensed Diagnostic Products). (a) Subject to Paragraph 2(b), and Article 5 of this License Agreement, on a Licensed Product-by-Licensed Product basis, Celgene shall pay Juno royalties on License Net Sales by Celgene, its Affiliates and Sublicensees in the ROW Territory, for the applicable Licensed Product at the royalty rates set forth below: On all License Net Sales of such Licensed Product in the ROW Territory by Celgene, its Affiliates and Sublicensees [***]
(b) Notwithstanding the foregoing, if (i) the Licensed Product contains an [***] that is [***] to CD22 that is included in an [***] in an [***] for which Celgene exercised its Option pursuant to Section 3.1.5 of the Master Collaboration Agreement after the License Agreement Effective Date, and (ii) [***], then the royalty rate applicable to sales of such Licensed Product [***] at the time Celgene exercised its Option pursuant to Section 3.1.5 of the Master Collaboration Agreement.
(c) For clarity, the royalties set forth in this Paragraph 2 of this Exhibit C-2 C-1 do not apply to Licensed Diagnostic Products, which royalties are set forth solely in Paragraph 3 of this Exhibit C-2C-1.
Appears in 2 contracts
Samples: License Agreement (Juno Therapeutics, Inc.), Master Research and Collaboration Agreement (Juno Therapeutics, Inc.)