Common use of Royalty Floor Clause in Contracts

Royalty Floor. Notwithstanding the adjustments set forth in Section 7.7(c), Section 7.7(d), and Section 7.8, in no event shall the effective royalty due to LGC during the Cue Royalty Term under this Agreement be less than [***] of the amounts provided in Section 7.7(a) or Section 7.7(c), as applicable. For the avoidance of doubt, termination of the royalty obligation under Section 7.8 upon [***].

Royalty Floor. Notwithstanding the adjustments set forth in Section 7.7(c), Section 7.7(d), 7.6(d) and Section 7.8, in no event shall the effective royalty due to LGC Cue during the Cue LGC Royalty Term under this Agreement be less than [***] of the amounts provided in the tables in Section 7.7(a) or Section 7.7(c7.6(a), as applicable. For the avoidance of doubt, termination of the royalty obligation under Section 7.8 upon [***].

Royalty Floor. Notwithstanding the adjustments set forth in Section 7.7(c), Section 7.7(d), Section7.6(d) and Section 7.8, in no event shall the effective royalty due to LGC Cue during the Cue LGC Royalty Term under this Agreement be less than [***] of the amounts provided in the tables in Section 7.7(a) or Section 7.7(c7.6(a), as applicable. For the avoidance of doubt, termination of the royalty obligation under Section 7.8 upon [***].