Royalty Adjustment for Generic Competition. If there is Generic Competition for a particular Licensed Product in a particular country in a particular Calendar Quarter, the royalties payable to TheraVida on Net Sales of such Licensed Product in such country in such Calendar Quarter shall be reduced by [***]
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Samples: License Agreement (Dermavant Sciences LTD), License Agreement (Dermavant Sciences LTD)
Royalty Adjustment for Generic Competition. If there (i) is Minor Generic Competition for a particular Licensed Product in a particular country in a particular Calendar Quarter, the royalties payable to TheraVida Angion on Net Sales the sales of such Licensed Product in such country in such Calendar Quarter shall be reduced by [****] ([****]), and (ii) is Major Generic Competition for a particular Licensed Product in a particular country in a particular Calendar Quarter, the royalties payable to Angion on the sales of such Licensed Product in such country in such Calendar Quarter shall be reduced by [****] ([****]).
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Royalty Adjustment for Generic Competition. If there is Generic Competition for a particular Licensed Product in a particular country in a particular Calendar Quarter, the royalties payable to TheraVida Ligand on Net Sales the sales of such Licensed Product in such country in such Calendar Quarter shall be reduced by [***].
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Royalty Adjustment for Generic Competition. If there is Generic Competition for a particular Licensed Product in a particular country in a particular Calendar Fiscal Quarter, the royalties payable to TheraVida Licensor on Net Sales the sales of such Licensed Product in such country in such Calendar Fiscal Quarter shall be reduced by [***].
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Royalty Adjustment for Generic Competition. If there is Generic Competition for a particular Licensed Product in a particular country in a particular Calendar Quarter, then the royalties payable to TheraVida royalty rates set forth in Section 4.5 will be reduced by [***] on Net Sales sales of such Licensed Product in such country in such Calendar Quarter shall be reduced by [***]Quarter.
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