Common use of Royalty Term Clause in Contracts

Royalty Term. The obligation of Licensee to pay royalties to Licensor pursuant to Section 3..1 shall commence on the date of the First Commercial Sale of a Licensed Product and continue, until expiration of the Term.

Royalty Term. The obligation of Licensee to pay royalties to Licensor pursuant to Section 3..1 3.3.1 shall commence on the date of the First Commercial Sale of a Licensed Product and continue, until expiration of the Term.