Common use of Set-off and Other Sources of Royalty Reduction Clause in Contracts

Set-off and Other Sources of Royalty Reduction. No Counterparty has exercised, and, to the Knowledge of the Sellers, no Counterparty has had the right to exercise, and no event or condition exists that, upon notice or passage of time, or both, would permit any Counterparty to exercise, any Royalty Reduction or Set-off against the Purchased Receivables or any other amounts payable to the Sellers under any of the Covered License Agreements. To the Knowledge of the Sellers, there are no Third Party patents that would provide a basis for a Royalty Reduction. There are no compulsory licenses granted or, to the Knowledge of the Sellers, threatened to be granted with respect to the Intellectual Property Rights with respect to the Exploitation of the Licensed Products in the Territory.

Set-off and Other Sources of Royalty Reduction. No Counterparty has exercised, and, to the Knowledge of the SellersSeller, no Counterparty has had the right to exercise, and no event or condition exists that, upon notice or passage of time, or both, would permit any Counterparty to exercise, any Royalty Reduction or Set-off against the Purchased Receivables Royalties or any other amounts payable to the Sellers Company under any of the Covered License Agreements. To the Knowledge of the SellersSeller, there are no Third Party patents that would provide a basis for a Royalty Reduction. There are no compulsory licenses granted or, to the Knowledge of the SellersSeller, threatened to be granted with respect to the Intellectual Property Rights with respect to the Exploitation of the Licensed Products Product in the Territory.

Set-off and Other Sources of Royalty Reduction. No Counterparty has exercised, and, to the Knowledge of the SellersSeller, no Counterparty has had the right to exercise, and no event or condition exists that, upon notice or passage of time, or both, would permit any Counterparty to exercise, any Royalty Reduction or Set-off against the Purchased Receivables Royalties or any other amounts payable to the Sellers Seller under any of the Covered License Agreements. To the Knowledge of the SellersSeller, there are no Third Party patents that would provide a basis for a Royalty Reduction. There are no compulsory licenses granted or, to the Knowledge of the SellersSeller, threatened to be granted with respect to the Intellectual Property Rights with respect to the Exploitation of the Licensed Products in the TerritoryRights.