Royalty Rate Reductions. (a) Notwithstanding Section 7.3.1 or Section 7.3.2, but subject to Section 7.3.3 and Section 7.3.4(c), in the event that:
Royalty Rate Reductions. In respect of each Royalty Product and on a country by country basis, the Royalty Rate applicable to the Net Sales for such Royalty Product shall be reduced by the percentages set out in the table below where the applicable circumstance exists or does not exist, as the context requires. Furthermore, where a product or therapy falls within two or more definitions of a Royalty Product, then the following circumstances shall be assessed on an individual Royalty Product by Royalty Product basis (and hence separate Program IP by Program IP basis) such that the Royalty Rate in respect of the product or therapy falling within one Royalty Product definition may be adjusted differently to the Royalty Rate that would be applicable for such same product or therapy also falling within a second definition for another Royalty Product. EXHIBIT 10.1 ***Text Omitted and Filed Separately Confidential Treatment Requested Under 17 C.F.R. §§ 200.80(B)(4) and 230.406 Circumstance in the country of sale in respect of the applicable Royalty Product Percentage reduction to the Royalty Rate
Royalty Rate Reductions. The royalty rates set forth in Section 9.4 shall be subject to reduction as follows:
Royalty Rate Reductions. (a) Notwithstanding Section 6.4.1, royalties payable with respect to each Product in a given country during the Royalty Term shall be reduced by [***], during the time period in which any of the following subsections (i) through (iv) apply during the Royalty Term for such Product in such country:
Royalty Rate Reductions. (i) [***]. For any period during the [***] Royalty Term in which [***] (A) [***], the royalty rate with respect to Net Sales of such [***] Licensed Product for the remainder of the applicable [***] Royalty Term shall be reduced by [***], and (B) [***], the royalty rate with respect to Net Sales of such [***] Licensed Product for the remainder of the applicable [***] Royalty Term shall be reduced by [***]. The Parties [***]. (ii)
Royalty Rate Reductions. Notwithstanding the foregoing, in the event that from and after the date on which any Product is offered for sale or sold in any country and is not covered by any Valid Claim of any Licensed Patent, the royalty rate for such Product in such country shall be reduced by [***] of the applicable royalty rate set forth in Section 5.3.1 (i.e., to [***] until the [***] anniversary of the First Commercial Sale or [***] following the [***] anniversary of the First Commercial Sale). In the event Zomedica is required to obtain one or more licenses under any issued Patent in existence as of the Effective Date controlled by a Third Party that is necessary for Zomedica to commercialize any Cartridge, Assay or Instrument, as such Cartridge, Assay or Instrument exists as of the Effective Date, in accordance with this Agreement, the royalty which Zomedica actually pays to such Third Party during a Calendar Quarter in respect of such issued Patent may be credited against up to [***] of royalties otherwise payable by Zomedica to Qorvo under this Article 5 for such applicable royalty payment period.
Royalty Rate Reductions. 12.6 In respect of each Royalty Product and on a country-by-country basis, the Royalty Rate applicable to the Net Sales for such Royalty Product shall be reduced by the percentages set out in the table below where the applicable circumstance exists or does not exist, as the context requires. Furthermore, where a product or therapy falls within two or more definitions of a Royalty Product, then the following circumstances shall be assessed on an individual Royalty Product-by-Royalty Product basis (and hence separate Royalty Rate by Royalty Rate basis) such that the Royalty Rate in respect of the product or therapy falling within one Royalty Product definition may be adjusted differently to the Royalty Rate that would be applicable for such same product or therapy also falling within a second definition for another Royalty Product. Circumstance in the country of sale in respect of the applicable Royalty Product Percentage reduction to the Royalty Rate
Royalty Rate Reductions. Subject to Section 0.0.0.0:
Royalty Rate Reductions. In respect of each Royalty Product and on a country by country basis, the Royalty Rate applicable to the Net Sales for such Royalty Product shall be reduced by the percentages set out in the table below where the applicable circumstance exists or does not exist, as the context requires. Furthermore, where a product or therapy falls within two or more definitions of a Royalty Product, then the following circumstances shall be assessed on an individual Royalty Product by Royalty Product basis (and hence separate Program IP by Program IP basis) such that the Royalty Rate in respect of the product or therapy falling within one Royalty Product definition may be adjusted differently to the Royalty Rate that would be applicable for such same product or therapy also falling within a second definition for another Royalty Product. CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENTS, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED. Circumstance in the country of sale in respect of the applicable Royalty Product Percentage reduction to the Royalty Rate
Royalty Rate Reductions. The royalties payable under Section 6.3(a) will be subject to the following:
