Common use of Running Royalty Clause in Contracts

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. (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.