Common use of Royalty Reduction for Comparable Third Party Product Competition Clause in Contracts

Royalty Reduction for Comparable Third Party Product Competition. If, on a Licensed Product-by-Licensed Product, country-by-country and Calendar Quarter-by-Calendar Quarter basis, Comparable Third Party Product Competition is present with respect to such Licensed Product in such country during such Calendar Quarter, then the royalties payable with respect to Net Sales of such Licensed Product pursuant to Sections 6.8.1 and 6.8.2 in such country during such Calendar Quarter shall be reduced to [**] percent ([**]%) of the royalties otherwise payable pursuant to Sections 6.8.1 and 6.8.2.

Royalty Reduction for Comparable Third Party Product Competition. If, on a Licensed Product-by-Licensed Product, country-by-country and Calendar Quarter-by-Calendar Quarter basis, Comparable Third Party Product Competition is present with respect to such Licensed Product in such country during such Calendar Quarter, then the royalties payable with respect to Net Sales of such Licensed Product pursuant to Sections Section 6.8.1 and or Section 6.8.2 in such country during such Calendar Quarter shall be reduced to by either (a) [**] percent ([**]%) in the event market share is reduced as set forth in Section 1.27(b)(i) or (b) [**] percent ([**]%) in the event market share is reduced as set forth in Section 1.27(b)(ii), in each case, of the royalties otherwise payable pursuant to Sections 6.8.1 and 6.8.2.

Royalty Reduction for Comparable Third Party Product Competition. If, on a Licensed Product-by-Licensed Product, country-by-country and Calendar Quarter-by-Calendar Quarter basis, Comparable Third Party Product Competition is present with respect to such Licensed Product in such country during such Calendar Quarter, then the royalties payable with respect to Net Sales of such Licensed Product pursuant to Sections 6.8.1 and 6.8.2 Section 6.6.1 or Section 6.6.2 in such country during such Calendar Quarter shall be reduced to by either (a) [**] percent ([**]%) in the event market share is reduced as set forth in Section 1.28(b)(i) or (b) [**] percent ([**]%) in the event market share is reduced as set forth in Section 1.28(b)(ii), in each case, of the royalties otherwise payable pursuant to Sections 6.8.1 6.6.1 and 6.8.26.6.2.