Royalty Adjustment for Third Party License Payments. Neurocrine shall be responsible for and pay all amounts due under the […***…]. If Abbott, its Affiliates or Sublicensees, in their reasonable judgment, is required to pay any Third Party License Payments, then the amount of Royalties payable under Section 4.3 (Royalties) shall be reduced by […***…] of the amount of such Third Party License Payments paid to such Third Party.
Appears in 3 contracts
Samples: Collaboration Agreement, Collaboration Agreement (Neurocrine Biosciences Inc), Collaboration Agreement (Neurocrine Biosciences Inc)
Royalty Adjustment for Third Party License Payments. Neurocrine shall be responsible for and pay all amounts due under the […***…]. If Abbott, its Affiliates or Sublicensees, in their reasonable judgment, is required to pay any Third Party License Payments, then the amount of Royalties payable under Section 4.3 (Royalties( Royalties ) shall be reduced by […***…] of the amount of such Third Party License Payments paid to such Third Party.
Appears in 1 contract
Samples: Collaboration Agreement (Neurocrine Biosciences Inc)
