Royalties Payable by Xxxxxx Sample Clauses

Royalties Payable by Xxxxxx. Subject to the adjustments and credits set forth in this Agreement, Xxxxxx shall pay to Icagen royalties equal to the following percentages of Net Sales calculated each Sales Year on a Product-by-Product basis during the Royalty Term; provided that to the extent Products have the same indication, the Net Sales of such Products shall be aggregated in calculating the royalty below: Royalty Percentage Annual Net Sales (in Millions) of Product in the Territory [**]% on those Net Sales up to $[**] and then [**]% on those Net Sales in excess of $[**] up to $[**] and then [**]% on those Net Sales in excess of $[**] up to $[**] and then [**]% on those Net Sales in excess of $[**] provided, however, that the above royalty percentages as to a Product may be adjusted on a country-by-country basis in those countries in which the Product is not Patent-Protected based on the market share of any and all parties other than Xxxxxx, its Affiliates and sublicensees selling a product in the country with an active ingredient(s) that is identical in chemical structure and composition to the active ingredient(s) in the Product and with the same therapeutic benefit (“Competitor Market Share”) in accordance with the following: Decrease of Royalty Competitor Market Share [**]% at least [**]% and up to [**]% [**]% at least [**]% and up to [**]% [**]% at least [**]% and greater An example of the manner in which the foregoing royalty adjustment (the “Generic Adjustment”) is intended to operate is set forth in Exhibit 6.4 to this Agreement.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Royalties Payable by Xxxxxx 
Sample 1Sample 2

Related to Royalties Payable by Xxxxxx

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Royalties 8.1 In consideration of the license herein granted, LICENSEE shall pay royalties to LICENSOR as follows:

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Sublicense Revenue In the event Licensee or an Affiliate of Licensee sublicenses under Section 2.2, Licensee shall pay CareFusion **THE CONFIDENTIAL PORTION HAS BEEN SO OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAS BEEN FILED SEPARATELY WITH THE COMMISSION.** of any Sublicense Revenues resulting from sublicense agreements executed by Licensee.

  • TAXES PAYABLE BY TENANT In addition to rent and other charges to be paid by Tenant under this Lease, Tenant shall reimburse to Landlord, upon demand, any and all taxes payable by Landlord (other than net income taxes) whether or not now customary or within the contemplation of the parties to this Lease: (a) upon, allocable to, or measured by or on the gross or net rent payable under this Lease, including without limitation any gross income tax or excise tax levied by the State, any political subdivision thereof, or the Federal Government with respect to the receipt of such rent; (b) upon or with respect to the possession, leasing, operation, management, maintenance, alteration, repair, use or occupancy of the Premises or any portion thereof, including any sales, use or service tax imposed as a result thereof; (c) upon or measured by the Tenant’s gross receipts or payroll or the value of Tenant’s equipment, furniture, fixtures and other personal property of Tenant or leasehold improvements, alterations or additions located in the Premises; or (d) upon this transaction or any document to which Tenant is a party creating or transferring any interest of Tenant in this Lease or the Premises. In addition to the foregoing, Tenant agrees to pay, before delinquency, any and all taxes levied or assessed against Tenant and which become payable during the term hereof upon Tenant’s equipment, furniture, fixtures and other personal property of Tenant located in the Premises.

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

Time is Money Join Law Insider Premium to draft better contracts faster.