Common use of Royalty on NET REVENUES Clause in Contracts

Royalty on NET REVENUES. 2.1. In consideration of the license of the ELAN IONTOPHORETIC PATENT RIGHTS to IOMED, and subject to the provisions of Article IV Paragraphs 2.2. and 2.3, the royalty payable by IOMED to ELAN shall be **** percent (****%) on NET REVENUES generated on or after the EFFECTIVE DATE. 14

Royalty on NET REVENUES. 2.1. In consideration of the license of the ELAN IONTOPHORETIC PATENT RIGHTS to IOMED, and subject to the provisions of Article IV Paragraphs 2.2. and 2.3, the royalty payable by IOMED to ELAN shall be **** percent (****%) on NET REVENUES generated on or after the EFFECTIVE DATE. 14.