Common use of Sharing of SUBLICENSE INCOME Clause in Contracts

Sharing of SUBLICENSE INCOME. The Company shall pay PureTech [ *** ] all Sublicense Income received by the Company or its Affiliates, excluding running royalties on Net Sales of Sublicensees. Such amount shall he payable for each Reporting Period and shall be due to PureTech within [ *** ] of the end of each Reporting Period.

Appears in 3 contracts

Samples: Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (Karuna Therapeutics, Inc.)

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Sharing of SUBLICENSE INCOME. The Company shall pay PureTech [ [*** *] of all Sublicense Income received by the Company or its Affiliates, excluding running royalties on Net Sales of Sublicensees. Such amount shall he be payable for each Reporting Period and shall be due to PureTech within [ [*** *] of the end of each Reporting Period.

Appears in 2 contracts

Samples: Royalty Agreement (PureTech Health PLC), Royalty Agreement (PureTech Health PLC)

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