Royalties Payable By Xxxxxxx. In further consideration of the licenses granted pursuant to Article 7, Xxxxxxx shall pay to Vertex royalties on cumulative Net Sales of Products in the Territory as set out in this Section 9.4. The royalty rate payable shall be determined [***]: [***] [***] Portions of this exhibit, indicated by the xxxx “[***],” have been redacted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. Royalties on sales of Products, at the royalty rates determined as set forth above with reference to annual aggregate Net Sales in the Territory, shall be payable on a country-by-country basis until, with respect to a particular country, the [***] expiration of the last-to-expire Valid Patent Claim in effect in that country claiming the Manufacture, use, sale or importation of a Product [***] For purposes of determining aggregate Calendar Year Net Sales under this Section 9.4.1 for any Calendar Year, [***].
Royalties Payable By Xxxxxxx. In further consideration of the licenses granted pursuant to Article 7, Xxxxxxx shall pay to Vertex royalties on cumulative Net Sales of Products in the Territory as set out in this Section 9.4. The royalty rate payable shall be determined [***]: [***] [***] Royalties on sales of Products, at the royalty rates determined as set forth above with reference to annual aggregate Net Sales in the Territory, shall be payable on a country-by-country basis until, [***] For purposes of determining aggregate Calendar Year Net Sales under this Section 9.4.1 for any Calendar Year, [***].
Royalties Payable By Xxxxxxx. By mutual agreement of the Parties, as of the Effective Date, the Collaboration Agreement will be amended such that Article 8 of the Collaboration Agreement shall be deleted in its entirety and replaced with the following:
Royalties Payable By Xxxxxxx
