Common use of Share of Recoveries Clause in Contracts

Share of Recoveries. If one Party brings any such action or proceeding in accordance with this Section 8.5, the other Party agrees to be joined as a Party plaintiff where necessary and to give the first Party reasonable assistance (at the expense of the Party bringing suit) and authority to file and prosecute the suit. Any damages or other monetary awards recovered shall be shared as follows: (i) the amount of such recovery actually received by the Party controlling such action shall first be applied to the out-of-pocket costs of such action; and then (ii) any remaining proceeds shall be allocated between the Parties such that the Party bringing suit under this Section 8.5 retains [***]. *** Confidential Treatment Requested ***

Appears in 2 contracts

Samples: Collaboration and License Agreement (Orchard Rx LTD), Collaboration and License Agreement (Orchard Rx LTD)

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Share of Recoveries. If one Party brings any such action or proceeding in accordance with this Section 8.5, the other Party agrees to be joined as a Party plaintiff where necessary and to give the first Party reasonable assistance (at the expense of the Party bringing suit) and authority to file and prosecute the suit. Any damages or other monetary awards recovered shall be shared as follows: (i) the amount of such recovery actually received by the Party controlling such action shall first be applied to the out-of-pocket costs of such action; and then (ii) any remaining proceeds shall be allocated between the Parties such that the Party bringing suit under this Section 8.5 retains [***]. *** Confidential Treatment Requested **** * * * and other Party retains * * * * * of such amount.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Prosensa Holding B.V.), Collaboration and License Agreement (Prosensa Holding B.V.)

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