Running Royalty Payments. Company will pay to University within 30 days after the last day of each calendar quarter during the term of this Agreement, and during any Sell-Off Period, an amount equal to X% of Net Sales during such quarter as a running royalty payment.
Running Royalty Payments. Company shall pay to University within [***] days after the last day of each calendar quarter during the term of this Agreement and the Post-termination Period an amount equal to [***] of the Net Sales of all sales, leases, or dispositions of Licensed Products made by Company and its Sublicensees during such quarter as a running royalty payment.
Running Royalty Payments. As consideration for the rights granted herein by IMI to XxXXXX, XxXXXX hereby agrees to make the following royalty payments to IMI, on a Calendar Year by Calendar Year basis, and on a country-by-country basis:
4.1.1 Commencing in and following the Year of the First Commercial Sale of a Product in the Territory, XxXXXX will, subject to Section 4.1.3, pay a running royalty to IMI-Canada based upon any Net Sales of Licensed Products sold by XxXXXX or its Sublicensees in North America, and to IMI-Switzerland based upon any Net Sales of Licensed Products sold by XxXXXX or its Sublicensees in the Territory outside of North America, at the following rates:
(a) (*****) of Net Sales of Licensed Product that are within the first ***** (*****) of cumulative Net Sales of Licensed Products in the Territory in a given Calendar Year;
(b) (*****) of Net Sales of Licensed Product that are within the next ***** (*****) of cumulative incremental Net Sales of Licensed Products in the Territory in such Calendar Year; and
(c) (*****) of Net Sales of Licensed Product that are within any additional cumulative incremental Net Sales (*****) of Licensed Products in the Territory in such Calendar Year. The above is summarized in Table A below:
iii) For example, if in a given Calendar Year in the Territory, the Net Sales for Licensed Products sold by XxXXXX in the Territory were: ***** for Net Sales in the U.S. and ***** for Net Sales in Japan, then the royalty owed to IMI by XxXXXX for that Calendar Year would be the sum of *****.
Running Royalty Payments. During the Term and with respect to each country or jurisdiction within the Licensed Territory in which a Valid Patent Claim exists, the Licensee shall pay to UABRF royalties on all Net Sales of Licensed Products as set forth below: Entity Accomplishing Sales Royalty Rate to UABRF Licensee or Licensee’s Affiliates [*****] Sublicensees [*****] These payments shall be made on all Net Sales arising in such country/jurisdiction until the expiration of the last Valid Patent Claim in that country/jurisdiction. With respect to each country or jurisdiction within the Licensed Territory in which no Valid Patent Claim exists, Licensee agrees to pay to UABRF a running royalty of [*****] on all Net Sales arising in each such country/jurisdiction during the Term of this Agreement. For the avoidance of doubt, a running royalty shall only be payable to UABRF one time upon the Sale of any Licensed Product to an end user or consumer. All amounts owing to UABRF under this section shall be paid on a quarterly basis, on or before the [*****] following the end of the calendar quarter in which such amounts were earned.
Running Royalty Payments. Company shall pay to HSI within 30 days after the last day of each calendar quarter during the term of this Agreement an amount equal to 5% of Net Sales during such quarter as a running royalty payment.
(Section 3.1.1 “License Grant”):
Running Royalty Payments. The Company shall pay to the University within thirty (30) days after the last day of each calendar quarter during the term of this Agreement an amount equal to *** percent (***%) of the Net Sales Price of all sales, leases, or dispositions of Licensed Products made by the Company during such quarter as a running royalty payment. In the event that Company is required to pay royalties to one or more Third Parties as necessary to avoid infringement thereof by the manufacture, use, or sale of any Licensed Products, or to avoid infringement-related litigation with respect to such patents, then the running royalty rate specified shall be reduced by an amount equal to one-half of the royalties actually paid to the Third Party, provided that in no event shall the royalties otherwise due to the University be less than *** percent (***%) of the royalties that *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. would be payable to the University were the University the sole licensor with respect to such Licensed Products. For the avoidance of doubt, under no circumstance shall the royalty to the University be less than *** percent (***%) of Net Sales Price following such reduction.
Running Royalty Payments. For the term of this Agreement, Company shall pay to University a [***] of [***] Net Sales as a running royalty payment according to the schedule below. Such running royalty payments will be due within 30 days after the last day of each calendar quarter.
A2.2.1 Company shall pay University [***]% of Net Sales of Licensed Products sold in Product Family 1, or anything that is not in Product Family 2. This is in addition to any royalties due under the Exclusive Agreement.
A2.2.2 Company shall pay University [***]% of Net Sales for Licensed Products sold in Product Family 2. If Company is able to reduce royalty payments due in Exclusive Agreement per Section A3.1.2 below [***]%, Company may reduce the royalty due for Product Family 2 of this Agreement by the same relative percentage. For purposes of clarity, if Company reduces royalty payment by [***] ([***]%) under Exclusive Agreement, Company may reduce royalty due for Product Family 2 under this Agreement by [***] ([***]%).
Running Royalty Payments. During the Term and with respect to each country or jurisdiction within the Licensed Territory, the Licensee shall pay to UABRF a continuing royalty of [****] percent ([****]%) on all Net Sales arising in such country/jurisdiction until the expiration of the last Valid Patent Claim in that country/jurisdiction. All amounts owing to UABRF under this Section shall be paid on a quarterly basis, on or before the thirtieth (30th) day following the end of the calendar quarter in which such amounts were earned.
Running Royalty Payments. Company will pay to University within [***] days after the last day of each calendar quarter during the term of this Agreement an amount equal to [***] of Net Sales in the Flu Field of Use during such quarter as a running royalty payment.
Running Royalty Payments. Upon the terms and subject to the conditions set forth herein, Pulse Technologies shall pay to Ikaria five percent (5%) of Net Sales of all R&D Products any of the Additional Indications in the Territory for so long as any such R&D Products for any of the Additional Indications are commercialized; provided, however, that the foregoing rate of five percent (5%) shall be reduced to three percent (3%) if Ikaria obtains an indication within the Ikaria NO Business using a pulsed method of delivery that but for reference to and reliance upon the Grant-Back IP (including, by way of example, an R&D Product Approval) would not have been obtained, and provided that such reduction shall apply only to Net Sales that occur after the date on which Ikaria obtains such approval. Pulse Technologies shall make all payments due to Ikaria under this Section 6.3 within 45 days after the end of each calendar quarter and each payment shall be accompanied by a report providing (a) the Net Sales for such calendar quarter separated by country, (b) the total deductions used to calculate the above noted Net Sales with each specific deduction itemized, and (c) the amount of payments payable to Ikaria for such year, as well as the computation thereof.
