Royalty Rates. Subject to Sections 5.4.2, 5.4.3, 5.4.4 and 5.4.5, on a Product-by-Product basis, Vertex will pay Company non-refundable, non-creditable royalties based on the aggregate Net Sales of all Products sold by Vertex, its Affiliates or Sublicensees in the Field in the Territory during a Calendar Year at the rates set forth in the table below. The obligation to pay royalties will be imposed only once with respect to the same unit of a Product. Portion of Annual Net Sales up to and including $[***] [***]% Portion of Annual Net Sales that exceeds $[***] up to and including $[***] [***]% Portion of Annual Net Sales that exceeds $[***] [***]%
Appears in 3 contracts
Samples: Strategic Collaboration and License Agreement (Entrada Therapeutics, Inc.), Strategic Collaboration and License Agreement (Entrada Therapeutics, Inc.), Strategic Collaboration and License Agreement (Entrada Therapeutics, Inc.)
Royalty Rates. Subject to Sections 5.4.26.3.2, 5.4.36.3.3, 5.4.4 6.3.4 and 5.4.56.3.5, on a Product-by-Product basis, Vertex will pay Company non-refundable, non-creditable royalties based on the aggregate Net Sales of all Products sold by Vertex, its Affiliates or Sublicensees in the Field in the Territory during a Calendar Year at the rates set forth in the table below. The obligation to pay royalties will be imposed only once with respect to the same unit of a Product. Portion of Annual Net Sales up to and including $[***] [***]% Portion of Annual Net Sales that exceeds $[***] up to and including $[***] [***]% Portion of Annual Net Sales that exceeds $[***] [***]%
Appears in 2 contracts
Samples: Sublicense Agreement (Entrada Therapeutics, Inc.), Sublicense Agreement (Entrada Therapeutics, Inc.)
Royalty Rates. Subject to Sections 5.4.25.5.2, 5.4.35.5.3, 5.4.4 5.5.4, 5.5.5 and 5.4.55.5.6, on a Royalty Product-by-Royalty Product basis, Vertex will pay Company non-refundable, non-creditable royalties based on the aggregate Net Sales of all Products each Royalty Product sold by Vertex, its Affiliates or Sublicensees in the Field in the Territory during a Calendar Year at the rates set forth in the table below. The obligation to pay royalties will be imposed only once with respect to the same unit of a Royalty Product. Portion of Annual Net Sales up to and including $[***] [**]% [**]% Portion of Annual Net Sales that exceeds $[***] up to and including $[***] [**]% [**]% Portion of Annual Net Sales that exceeds $[***] [**]% [**]%
Appears in 1 contract
Samples: Strategic Collaboration and License Agreement (Verve Therapeutics, Inc.)
