Common use of Royalty Reductions Clause in Contracts

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if a Product is sold in a region in the Territory during the applicable Royalty Term at a time when there is no Valid Claim in the Licensed Patents that claims such Product (including the composition of matter, manufacture or use of such Product or any component therein) in such region, then the royalty rate applicable to the Net Sales of such Product in such region during such time shall be reduced by [***] percent ([***]%).

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if If a Licensed Product is sold generating Net Sales in a country or administrative region in the Territory during the applicable Royalty Term in such country at a time when there is no TESARO Patent that contains a Valid Claim in the Licensed Patents that claims such Product (including Covering the composition of matter, manufacture or use matter of such Licensed Product or any component therein) in such country or administrative region, then the royalty rate applicable to the Net Sales of for such Licensed Product in such country or administrative region during such time shall be reduced by [***] percent ([***]%).

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if During the Royalty Term for a Licensed Product is sold in a region in the Territory during the applicable Royalty Term at a time when there is no Valid Claim in the Licensed Patents that claims such Product (including the composition of matterTerritory, manufacture or use of such Product or any component therein) in such regionsubject to Section 10.4(c)(iv), then the royalty rate applicable to the Net Sales of such Licensed Product in such region during such time shall be reduced by [***] percent ([***]%)after the expiration of the last Valid Claim that covers such Licensed Product in such region.

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if If a Product is sold generating Net Sales in a region country in the Territory during the applicable Royalty Term in such country at a time when there is no Valid Claim in the Licensed Patents that claims such Product (including the composition of matter, manufacture manufacture, use or use sale of such Product or any component therein) is not covered by a Valid Claim included in the Licensed Patents in such regioncountry, then the royalty rate applicable to the Net Sales of such Product in such region during such time country shall be reduced by [***] percent ([***]%)for the remainder of the Royalty Term in such country in respect of such Product.

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if If a Licensed Product is sold generating Net Sales in a country or administrative region in the Territory during the applicable Royalty Term in such country at a time when there is no TESARO Patent that contains a Valid Claim in the Licensed Patents that claims such Product (including Covering the composition of matter, manufacture or use matter of such Licensed Product or any component therein) in such country or administrative region, then the royalty rate applicable to the Net Sales of for such Licensed Product in such country or administrative region during such time shall be reduced by [***] percent ([***]%).

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if i)If a Product is sold generating Net Sales in a region Region in the Territory a Calendar Quarter during the applicable Royalty Term at a time when there is no Valid Claim in the Licensed Patents Patent in such Region that claims such Product (Product, including the composition of matter[*], manufacture or use of such Product or any component therein) in such regionthen, then subject to Section 8.5(c)(iii), the royalty rate applicable to the Net Sales of such Product in such region during Region in such time Calendar Quarter shall be reduced by to [***] percent ([***]%of the average royalty rate otherwise applicable to all Net Sales of the Product in the Territory in such Calendar Quarter under Section 8.5(a).

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if If a Product is sold generating Net Sales in a region Region in the Territory a Calendar Quarter during the applicable Royalty Term at a time when there is no Valid Claim in the of any Licensed Patents Patent that claims Covers such Product (including in the composition of matter, manufacture or use of such Product or any component thereinthen current form) in such regionRegion, then then, subject to Section 8.5(c)(iv), the royalty rate otherwise applicable to the Net Sales of such Product in such region during Region in such time Calendar Quarter shall be reduced by [***] percent ([***]%).

Royalty Reductions. (i) Subject to Section 4.3(d)(iii) below, if If a Product is sold generating Net Sales in a region Region in the Territory a Calendar Quarter during the applicable Royalty Term at a time when there is no Valid Claim in the Licensed Patents that claims such Product (including the composition of matter, manufacture or use of such Product or any component therein) Patent in such regionRegion that [ * ], then then, subject to Section 8.5(c)(iv), the royalty rate otherwise applicable to the Net Sales of such Product in such region during Region in such time Calendar Quarter shall be reduced by [***] percent ([***[ * ]%).