Royalty Cap. The compensation due from Caliper to HP in consideration for all HP intellectual property licensed to Caliper under Sections 2.4(b) and 2.4(c) above shall not exceed royalties of [ * ]. The rates set forth in this Section 2.4 are subject to adjustment as provided in Section 10.4(f). Payments due under this Section 2.4 shall be subject to the same terms and conditions applicable to Gross Margin share payments on Collaboration Products under Sections 7.6, 7.7 and 7.9. If any such product does not clearly fall into one of the above classifications, the parties shall mutually agree on an appropriate classification for such product prior to commercial introduction.
Royalty Cap. Payment of the royalties set forth in Section 2.1 shall cease, and this Agreement shall terminate, at such time as the total sum of royalty payments actually paid to DxXxxxx pursuant to this Agreement equals Ten Million Dollars (US $10,000,000); provided, however, that the Company shall have the option to terminate this Agreement at any time upon the payment to DxXxxxx of the difference between (i) the total royalty payments actually paid to DxXxxxx to date and (ii) $10,000,000.
Royalty Cap. In no event shall the amount of royalties owing to Intec Pharma under Section 4.5.1(a) (Royalty Rate) exceed (i) a total sum of $25,000,000 in any Calendar Year (the “Annual Royalty Cap”) or (ii) a total sum of $100,000,000 over the course of this Agreement. For clarity, any amount in excess of the Annual Royalty Cap that would otherwise be payable to Intec Pharma in a given Calendar Year under Section 4.5.1(a) (Royalty Rate) shall not be carried forward for payment in any subsequent Calendar Year.
Royalty Cap. AutoCath’s aggregate maximum obligation to MXXX for royalties under Section 3.2 (including minimum royalty payments) shall not exceed [*] in any given year (measured from each anniversary of the Effective Date) (the “Royalty Cap”). After the Royalty Cap has been accrued or paid in any year, no further royalties shall accrue or be payable in such year.
Royalty Cap. Once the aggregate amount paid by NTC to Micron under this Section 4.1 and Section 4.1 of the TTLA 1Y is equal to [***] ("Royalty Cap"), then all royalty payment obligations under this Section 4.1 shall be fully performed and no further royalties shall accrue or be due from NTC under this Section 4.1.
Royalty Cap. The total cumulative SALES ROYALTY payable to UNIVERSITY shall not exceed $15,000,000 dollars (“ROYALTY CAP”). Following LICENSEE’s payment to UNIVERSITY of the ROYALTY CAP, no further SALES ROYALTY shall be due.
Royalty Cap. No further royalties shall be due under this Section 3.2 after Licensee has paid Licensor aggregate royalties under this Section 3.2 totaling three hundred thousand dollars ($300,000).
Royalty Cap. (a) Should the royalty payable by ATL to ISIS pursuant to Sections 5.1 and 5.3 with respect to sales of a Product comprising a CD49d-modulating compound, including ISIS 107248, exceed [***] of Net Sales, the total royalty ATL must pay ISIS for such Product will be [***] of Net Sales.
(b) Should the royalty payable by ATL to ISIS pursuant to Sections 5.1 and 5.3 with respect to sales of a Product other than a Product comprising a CD49d-modulating compound, exceed [***] of Net Sales, the total royalty ATL must pay ISIS for such Product will be [***] of Net Sales.
(c) The foregoing royalty caps apply only to the royalty rates set forth in Sections 5.1 and 5.3 and thus do not apply to any new technology or patent rights acquired or accessed by ISIS after the Effective Date, as described in Sections 4.7 and 8.4 or to the royalties owed pursuant to Section 5.2.
Royalty Cap. Notwithstanding any other provision hereof, in no event shall Atricure be obligated to pay to UST under this Agreement more than an aggregate of fifteen million dollars ($15,000,000) in Royalties.
Royalty Cap. The maximum total royalties paid to DX. XXXXXX will not exceed five million dollars (US$5,000,000).
