Common use of Royalty Term Clause in Contracts

Royalty Term. Licensee's royalty obligations under Section 4.1 shall terminate, on a country-by-country basis, with respect to each Licensed Product upon the expiration date in such country of the last to expire of any issued NovaDel Patent that includes at least one Valid Claim covering the sale of such Licensed Product in such country. Upon termination of the royalty obligations under this Section 4.2 in a country, the license grants to Licensee in Section 2.1 shall be reduced in accordance with terms in Section 4.6.

Royalty Term. Licensee's royalty obligations under Section 4.1 shall terminate, on a country-by-country basis, with respect to each the Licensed Product upon the expiration date in such country of the last to expire of any issued NovaDel Patent that includes at least one Valid Claim covering the sale of such Licensed Product in such country. Upon termination of the royalty obligations under this Section 4.2 4.1 in a country, the license grants to Licensee in Section 2.1 shall be reduced in accordance with terms in Section 4.6.

Royalty Term. Licensee's royalty obligations under Section 4.1 Article 4.2 shall terminate, on a country-by-country basis, with respect to each Licensed Product upon on the expiration date in such country of the last to expire of any issued NovaDel Patent that includes at least one Valid Claim covering the sale of such Licensed Product in such country. Upon termination of the royalty obligations under this Section Article 4.2 in a country, the license grants to Licensee in Section Article 2.1 shall be reduced in accordance with terms respect to such Licensed Product in Section Article 4.6.