Common use of Royalty Conditions Clause in Contracts

Royalty Conditions. The royalties under Section 8.4.1 shall be subject to the following conditions: (a) that only one royalty shall be due with respect to the same unit of Licensed Product; (b) that no royalties shall be due upon the sale or other transfer among Elixir, its Affiliates, or Sublicensees, but in such cases the royalty shall be due and calculated upon Elixir’s or its Affiliate’s or Sublicensee’s Net Sales of Licensed Product to the first independent Third Party; and (c) no royalties shall accrue on the disposition of Licensed Product in reasonable quantities by Elixir, its Affiliates or Sublicensees as part of an expanded access program or as part of Phase 4 Trials or as donations to non-profit institutions or government agencies for non-commercial purposes, provided, in each case, that neither Elixir, its Affiliate or Sublicensees receives any payment for such Licensed Product.

Appears in 3 contracts

Samples: License Agreement, License Agreement (Elixir Pharmaceuticals, Inc.), License Agreement (Elixir Pharmaceuticals, Inc.)

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Royalty Conditions. The royalties under Section 8.4.1 8.3.1 shall be subject to the following conditions: (a) that only one royalty shall be due with respect to the same unit of Licensed Product; (b) that no royalties shall be due upon the sale or other transfer among ElixirAmbit, its Affiliates, or Sublicensees, but in such cases the royalty shall be due and calculated upon ElixirAmbit’s or its Affiliate’s or Sublicensee’s Net Sales of Licensed Product to the first independent Third Party; and (c) no royalties shall accrue on the disposition of Licensed Product in reasonable quantities by ElixirAmbit, its Affiliates or Sublicensees as part of an expanded access program or as part of Phase 4 Trials or as donations to non-profit institutions or government agencies for non-commercial purposes, provided, in each case, that neither ElixirAmbit, its Affiliate or Sublicensees receives any payment for such Licensed Product.

Appears in 1 contract

Samples: License Agreement (Ambit Biosciences Corp)

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Royalty Conditions. The royalties under Section 8.4.1 shall be subject to the following conditions: (a) that only one royalty shall be due with respect to the same unit of Licensed Product; (b) that no royalties shall be due upon the sale or other transfer among ElixirSunesis, its Affiliates, or Sublicensees, but in such cases the royalty shall be due and calculated upon Elixir’s Sunesis’ or its Affiliate’s or Sublicensee’s Net Sales of Licensed Product to the first independent Third Party; and (c) no royalties shall accrue on the disposition of Licensed Product in reasonable quantities by ElixirSunesis, its Affiliates or Sublicensees as part of an expanded access program or as part of Phase 4 Trials or as donations to non-profit institutions or government agencies for non-commercial purposes, provided, in each case, that neither ElixirSunesis, its Affiliate or Sublicensees receives any payment for such Licensed Product.

Appears in 1 contract

Samples: License Agreement (Sunesis Pharmaceuticals Inc)

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