Common use of Royalty Rate and Royalty Term Clause in Contracts

Royalty Rate and Royalty Term. In accordance with the terms of this Section 6.3, Xxxxxxx shall pay to Xxxxxxx royalties in the amount of [*] of Net Sales of all Licensed Products sold by Xxxxxxx and its Affiliates and Sublicensees in the Xxxxxxx Territory, subject to any royalty rate reduction made pursuant to Section 3.10(c)(ii), Section 3.10(g)(iii), Section 6.3(b), Section 6.3(c) or Section 11.6(b). Such royalties shall be payable, on a country-by-country and Licensed Product-by-Licensed Product basis, beginning upon First Commercial Sale of a Licensed Product in a particular country in the Xxxxxxx Territory until the latest of (i) the ten (10) year anniversary of the First Commercial Sale of such Licensed Product in such country, (ii) the expiration of the last to expire Program Patent or Xxxxxxx Patent Covering the Compound of the Licensed Product as a composition of matter or labeled use of such Licensed Product in such country in the Xxxxxxx Territory, or (iii) the end of the period during which such Licensed Product is subject to Regulatory Exclusivity in such country (such period for a particular Licensed Product in a particular country, the “Xxxxxxx Royalty Term”). A request for confidential treatment has been made with respect to portions of the following document that are marked with [*]. The redacted portions have been filed separately with the SEC.

Royalty Rate and Royalty Term. In accordance with the terms of this Section 6.36.2, Xxxxxxx shall pay to Xxxxxxx royalties in the amount of [*] of Net Sales of all Licensed Products sold by Xxxxxxx and its Affiliates and Sublicensees in the Xxxxxxx Territory, subject to any royalty rate reduction made pursuant to Section 3.10(c)(ii), Section 3.10(g)(iii), Section 6.3(b), Section 6.3(c6.2(b) or Section 11.6(b6.2(c). Such royalties shall be payable, on a country-by-country and Licensed Product-by-Licensed Product basis, beginning upon First Commercial Sale of a Licensed Product in a particular country in the Xxxxxxx Territory until the latest of (i) the ten (10) year anniversary of the First Commercial Sale of such Licensed Product in such country, (ii) the expiration of the last to expire Program Xxxxxxx Patent or Xxxxxxx Program Patent Covering the Compound of the Licensed Product as a composition of matter or labeled use of such Licensed Product in such A request for confidential treatment has been made with respect to portions of the following document that are marked with [*]. The redacted portions have been filed separately with the SEC. country in the Xxxxxxx Territory, or (iii) the end of the period during which such Licensed Product is subject to Regulatory Exclusivity in such country (such period for a particular Licensed Product in a particular country, the “Xxxxxxx Royalty Term”). A request for confidential treatment has been made with respect to portions of the following document that are marked with [*]. The redacted portions have been filed separately with the SEC.