Royalty Reduction for Generic Competition. Subject to the limitation set forth in Section 8.8, the royalty rates set forth in Section 8.3 for Net Sales in such country (after any previous reduction(s), if any, made pursuant to Section 8.6) shall be reduced, on a country-by-country basis by [***] percent ([***]%)] at the end of the first to occur Calendar Quarter during which the Generic Competition Percentage in such country of the Territory during such time period is greater than or equal to [***] percent ([***]%)].
Appears in 2 contracts
Samples: License Agreement (Phathom Pharmaceuticals, Inc.), License Agreement (Phathom Pharmaceuticals, Inc.)
Royalty Reduction for Generic Competition. Subject to the limitation set forth in Section 8.8, the royalty rates set forth in Section 8.3 for Net Sales in such country (after any previous reduction(s), if any, made pursuant to Section 8.6) shall be reduced, on a country-by-country basis by [***] percent ([***]%)] at the end of the first to occur Calendar Quarter during which the Generic Competition Percentage in such country of the Territory during such time period is greater than or equal to [***] percent ([***]%)].
Appears in 2 contracts
Samples: License Agreement (HilleVax, Inc.), License Agreement (HilleVax, Inc.)
