Royalty Term. The Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Royalty Term”); provided that in the event of […***…], then the Royalty payable with respect to Product sales in such country shall be reduced by […***…] during the Royalty Term for so long as such […***…].
Appears in 3 contracts
Samples: Licensing and Collaboration Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.)
Royalty Term. The Product Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale of such Product in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Product Royalty Term”); provided that in the event of […***…], then the Royalty payable with respect to Product sales in such country shall be reduced by […***…] during the Royalty Term for so long as such […***…].
Appears in 3 contracts
Samples: Research and License Agreement (Zymeworks Inc.), Collaboration and Cross License Agreement (Zymeworks Inc.), Collaboration and Cross License Agreement (Zymeworks Inc.)
Royalty Term. The Royalty will be payable on a country-by-country and Product-by-Product and country-by-country basis from First Commercial Sale of the Product in such country until and shall terminate upon the latest of: (ia) such Product is no longer being Covered by a Valid an Effective Patent Claim in such country country; (b) expiration of all data or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Royalty Term”); provided that in the event of […regulatory exclusivity ***…], then Text Omitted and Filed Separately with the Royalty payable with respect to Product sales in such country shall be reduced by […***…] during the Royalty Term for so long as such […***…].Securities and Exchange Commission. Confidential Treatment Requested Under
Appears in 2 contracts
Samples: Collaboration and License Agreement, Collaboration and License Agreement (Dicerna Pharmaceuticals Inc)
Royalty Term. The […***…] Royalty will be payable on a […***…] Product-by-by-[…***…] Product and country-by-country basis from First Commercial Sale of such […***…] Product in such country until (i) such […***…] Product is no longer Covered by a Valid Patent Claim within DS Patent Rights in such country or (ii) ten (10) years after the First Commercial Sale of such […***…] Product in such country, whichever is later (the “Royalty Term”); provided that in the event of […***…], then the Royalty payable with respect to Product sales in such country shall be reduced by […***…] during Royalty Term” and, together with the Product Royalty Term for so long as such […***…].Term, the “Royalty Term”)
Appears in 2 contracts
Samples: Collaboration and Cross License Agreement (Zymeworks Inc.), Collaboration and Cross License Agreement (Zymeworks Inc.)
Royalty Term. The Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Royalty Term”); provided that in the event of […***…], then the Royalty payable with respect to Product sales in such country shall be reduced by […***…] percent ([…***…]%) during the Royalty Term for so long as such […***…].
Appears in 2 contracts
Samples: Licensing and Collaboration Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.)
Royalty Term. The Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Royalty Term”); provided that in the event of […***…], then the Royalty payable with respect to Product sales in such country shall be reduced by […***…] during the Royalty Term for so long as such […***…].
Appears in 2 contracts
Samples: Subscription Agreement (Zymeworks Inc.), Subscription Agreement (Zymeworks Inc.)
