Common use of Royalty Term Clause in Contracts

Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until the expiration of the last-to-expire issued Valid Claim covering such Licensed Product in such country, or if no such Valid Claim issued in a country, until the fifth anniversary of the first commercial sale of a Licensed Product in such country.

Appears in 5 contracts

Samples: Therasense Inc, Therasense Inc, Therasense Inc

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Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until the expiration of the last-to-to- expire issued Valid Claim covering such Licensed Product in such country, or if no such Valid Claim issued in a country, until the fifth anniversary of the first commercial sale of a Licensed Product in such countryProduct.

Appears in 3 contracts

Samples: License Agreement (Therasense Inc), License Agreement (Therasense Inc), License Agreement (Therasense Inc)

Royalty Term. Royalties due under this Article 3 Section 4.4 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until the expiration of the last-to-expire issued Valid Claim of any Licensed Patent covering such Licensed Product in such country, or if no such Valid Claim issued in a country, until the fifth anniversary of the first commercial sale of a Licensed Product in such country.

Appears in 2 contracts

Samples: Confidential Treatment (Kadmon Holdings, LLC), Confidential Treatment (Kadmon Holdings, LLC)

Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until the later of (i) the expiration of the last-to-expire issued Valid Claim covering such Licensed Product in such countryProduct, or if no such Valid Claim issued in a country, until (ii) the fifth twelfth anniversary of the first commercial sale of a Licensed Product in such countryEffective Date.

Appears in 2 contracts

Samples: License Agreement (Genvec Inc), License Agreement (Genvec Inc)

Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis *** until the expiration of the last-to-expire issued Valid Claim covering such Licensed Product in such country, or if no such Valid Claim issued in a country, until the fifth anniversary of the first commercial sale of a Licensed Product in such countryProduct.

Appears in 2 contracts

Samples: License Agreement (Therasense Inc), License Agreement (Therasense Inc)

Royalty Term. Royalties due under this Article 3 shall be payable on ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until the later of (i) the expiration of the last-to-expire issued Valid Claim covering such Licensed Product in such countryProduct, or if no such Valid Claim issued in a country, until (ii) the fifth twelfth anniversary of the first commercial sale of a Licensed Product in such countryEffective Date.

Appears in 1 contract

Samples: License Agreement (Genvec Inc)

Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis from the first commercial sale of such Licensed Product until the expiration of the last-to-expire issued Patent Right in such country with respect to which a Valid Claim covering covers the manufacture, use, sale, offer for sale, import or export of such Licensed Product in such countryProduct, or if no such Valid Claim issued in a country, until the fifth tenth anniversary of the first commercial sale of a particular Licensed Product in such country, whichever is later.

Appears in 1 contract

Samples: Non Exclusive License Agreement (Viventia Biotech Inc.)

Royalty Term. Royalties due under this Article 3 shall accrue and be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until commencing on the third anniversary of the date of this Agreement and terminating on the expiration of the last-to-expire issued Valid Claim covering such Licensed Product in such country, or if no such Valid Claim patent has issued in a country, until the fifth anniversary of the first commercial sale of a there are no remaining pending Valid Claims covering such Licensed Product in such country.

Appears in 1 contract

Samples: License Agreement (Eyeonics Inc)

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Royalty Term. Royalties due under this Article 3 shall be payable on ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until the later of (i) the expiration of the last-to-expire issued Valid Claim covering such Licensed Product in such countryProduct, or if no such Valid Claim issued in a country, until the fifth anniversary (ii) [*] of the first commercial sale of a Licensed Product in such countryEffective Date.

Appears in 1 contract

Samples: License Agreement (Genvec Inc)

Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis from the first commercial sale of such Licensed Product until the expiration of the last-to-expire issued Patent Right in such country with respect to which a Valid Claim covering covers the manufacture, use, sale, offer for sale, import or export of such Licensed Product in such country, or if no such Valid Claim issued in a country, until the fifth anniversary of the first commercial sale of a Licensed Product in such countryProduct.

Appears in 1 contract

Samples: Royalty Purchase Agreement (Xoma LTD /De/)

Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-country- by-country and Licensed Product-by-Licensed Product basis from the first commercial sale of such Licensed Product until the expiration of the last-to-expire issued Patent Right in such country with respect to which a Valid Claim covering covers the manufacture, use, sale, offer for sale, import or export of such Licensed Product in such countryProduct, or if no such Valid Claim issued in a country, until the fifth tenth anniversary of the first commercial sale of a particular Licensed Product in such country., whichever is later. ARTICLE 4 –

Appears in 1 contract

Samples: Sesen Bio, Inc.

Royalty Term. Royalties due under this Article 3 shall be payable ------------ on a country-by-country and Licensed Product-by-Licensed Product basis until the expiration of the last-to-expire issued Valid Claim covering such Licensed Product in such country, or if no such Valid Claim issued in a country, until the fifth anniversary of the first commercial sale of a Licensed Product in such country.

Appears in 1 contract

Samples: Patent License Agreement (Bellacasa Productions Inc)

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