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

Sources: Assignment of Patent Rights and Technology (Therasense Inc), Assignment of Patent Rights and Technology (Therasense Inc), Assignment of Patent Rights and Technology (Therasense 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-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

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

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

Sources: License Agreement (Kadmon Holdings, LLC), License Agreement (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 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

Sources: 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

Sources: 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

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

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.

Appears in 1 contract

Sources: Non Exclusive License Agreement (Sesen Bio, 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 the fifth anniversary (ii) [*] of the first commercial sale of a Licensed Product in such countryEffective Date.

Appears in 1 contract

Sources: License Agreement (Genvec 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

Sources: License Agreement (Eyeonics 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

Sources: Patent License Agreement (Bellacasa Productions 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

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