Royalty Rates. Subject to the terms and conditions of this Agreement, Licensee shall pay to Merck royalties on Net Sales of Licensed Product on a country-by-country basis in an amount equal to: [***].
Appears in 6 contracts
Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement (ARMO BioSciences, Inc.), Exclusive Patent License Agreement (ARMO BioSciences, Inc.)
Royalty Rates. Subject to the terms and conditions of this Agreement, Licensee shall pay to Merck royalties on Net Sales of Licensed Product on a countryLicensed Product-by-country Licensed Product basis in an amount equal to: Net Sales up to $[**] [**] Incremental net sales above $[**] and up to $[**] [**] Incremental Net Sales above $[**] [**].
Appears in 2 contracts
Samples: License Agreement (TESARO, Inc.), License Agreement (TESARO, Inc.)