Royalties to Third Parties. In the event a LICENSED PRODUCT(S) is combined with technology covered by other licensed patents necessary for sales to end users, whether by LICENSEE or its sublicensee, LICENSEE may credit up to [* * *] of royalties that LICENSEE is paying to third parties on LICENSEE’s NET SALES of that LICENSED PRODUCT to the royalty due REGENTS. In no event shall the royalty due to REGENTS under this adjustment be less than [* * *] of the Set Royalty [* * *] when combined with any and all other provisions within this Agreement that may reduce the Royalty Rate on Licensed Product(s).
Appears in 4 contracts
Samples: Exclusive License (Genocea Biosciences, Inc.), Exclusive License (Genocea Biosciences, Inc.), Exclusive License (Genocea Biosciences, Inc.)
