Running Royalty. As consideration for the license under this Agreement, Licensee shall pay to Licensor an earned royalty of two percent (2.0%) of Net Sales. Earned royalties shall accrue in each country for the duration of Patent Rights in that country.
Running Royalty. In addition to the Section 4.1 License Issue Fee, Licensee agrees to pay to UFRF a royalty calculated as a percentage of Net Sales in accordance with the terms and conditions of this Agreement. The royalty is deemed earned as of the date the Licensed Product and/or Licensed Process is actually sold and paid for. The royalty shall remain fixed while this Agreement is [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. in effect at a rate of one percent (1%) of Net Sales. In the event that any Net Sales result from Licensee’s sale of Licensed Product or Licensed Process which is comprised solely of “software” then Licensee shall pay a royalty of seven percent (7%) of Net Sales on such software.
Running Royalty. As consideration for the license under this Agreement, if a Licensed Product contains [***] or another compound that is specifically disclosed in one or more of the patents or patent applications listed in Exhibit A, Licensee shall pay to Licensor an earned royalty of [***] percent ([***]%) of Net Sales, whether Net Sales are achieved by Licensee or by a Sublicensee. For example, if Net Sales by Licensee in a territory are [***] dollars ($[***]), a royalty of [***] dollars ($[***]) will be due to Licensor. If Net Sales by any Sublicensee in a territory are [***] dollars, a royalty of [***] dollars will be due to Licensor, payable by Licensee. If a Licensed Product contains as its active principle a compound that is not specifically disclosed in one or more of the patents or patent applications listed in Exhibit A, Licensee shall pay to Licensor an earned royalty of [***] percent ([***]%) of Net Sales, whether Net Sales are achieved by Licensee or by a Sublicensee. Earned royalties shall accrue in each country, the period of time commencing on the date of the First Commercial Sale in that country and continuing until the later of (a) the expiration of the last to expire Valid Claim in that country covering the manufacture, use or sale of such Licensed Product in such country, (b) ten (10) years from the date of the First Commercial Sale in that country, or (c) the expiration in that country of regulatory exclusivity that effectively bars the commercial sale of a generic version of a Licensed Product by a third party. Upon the occurrence in any given country of the later of events (a) through (c) in the preceding sentence, no further royalty shall accrue to Licensor for Net Sales in that country regardless of the amount of sales achieved in that country by Licensee or any Sublicensee.
Running Royalty. This Agreement has no running royalty rate and LICENSEE is not obligated to pay any royalty on Net Sales of Licensed Products, Licensed Processes or for Non-Royalty Sublicense Income.
Running Royalty. In consideration of the license rights set forth in Article 3 hereof, BND shall, during the periods specified in Section 4.3, pay to BDSI a royalty on all Net Sales Received by BND from Sublicensee(s) at the rate of eight percent (8%) of Net Sales Received (the "Running Royalty"
Running Royalty. Beginning with the First Commercial Sale by ALS, any Affiliates or sublicensees of ALS, ALS shall pay to Abbott, on a country-by-country basis, a royalty of (i) nineteen percent (19%) on Net Sales, with respect to which, but for the license granted hereunder, the manufacture, use or sale of Product would infringe a Valid Claim in such country. and (ii) nine and one-half percent (9.5%) on Net Sales for all other countries; provided, however, that ALS shall not be obligated to pay any royalties for countries in which all Valid Claims have expired; and provided further, however, that (A) ALS shall only be obligated to make payments under this Section 6.2(a)(ii), on a country-by-country basis for a period of seven (7) years from the date of the First Commercial Sale in each such country and (B) ALS shall not be obligated to pay the nine and one-half percent (9.5%) royalty established in Section 6.2 (a)(ii) in a given country in the event that all Covering Claims are deemed invalid by the judicial authority in such country effective as of the date that the last Covering Claim is finally deemed invalid. For purposes of this Section 6.2(a), the term "Covering Claim" shall mean a claim contained in any of the Patents that would be infringed but for the Exclusive License granted hereunder.
Running Royalty. LICENSEE shall pay the LICENSOR running royalties as specified in Exhibit I Royalties, attached hereto and made a part hereof by this reference, for all sales, leases, licenses or other dispositions of Licensed Products. Such running royalties shall be payable to the LICENSOR as provided in Paragraph 5.4. No royalty will be paid for sale, lease, license or other disposition of any equipment that does not include any of the LICENSOR's Subject Technology or is not otherwise a Licensed Product.
Running Royalty. (a) As additional consideration for the grant of the licenses provided hereunder, Kos shall pay Fuisz a running royalty of ****************** of Net Sales of Licensed Product commencing on the first Commercial Sale of Licensed Product by Kos or its Sublicensees.
(b) Although the parties intend to secure patents covering Licensed Products, except as otherwise provided hereunder, the royalty required under this Article 4 shall be payable with respect to each Licensed Product until this Agreement expires as to such Licensed Product pursuant to Section 10.1, notwithstanding the existence or non-existence of Licensed Patents covering any Licensed Product.
Running Royalty. At the times and in the manner set forth in this Agreement, Licensee must pay to NCSU a royalty equal to ______percent (%) of the Net Sales of Licensed Products/Services sold by Licensee or its sublicensees. Licensee will pay running royalties when the amount of the running royalties is greater than the Annual Maintenance Fee in a given calendar year per Article 3.07.
Running Royalty. As consideration for the grant of the License, Licensee shall pay to Licensor a royalty of […***…] of any and all Net Sales of Royalty Products.
