Common use of Sharing of Test Fees Between Illumina and Sequenom Clause in Contracts

Sharing of Test Fees Between Illumina and Sequenom. The aggregate Test Fees collected by Illumina and Sequenom in a particular calendar quarter from Authorized Labs, including the Test Fees payable by Sequenom Parties and Illumina Parties as Authorized Labs (in amounts prior to any allocation of Test Fees between Illumina and Sequenom or deductions or credits), are the “Gross Test Fees” Illumina and Sequenom will share Gross Test Fees as follows: (1) For Licensed NIPT LDT Tests performed by Authorized Labs anywhere in the world, excluding […***…], Illumina shall be entitled […***…] of the Gross Test Fees collected and Sequenom shall be entitled to […***…] of the Gross Test Fees collected, subject to Section 3.2(d)(ii). (2) For Licensed NIPT LDT Tests performed by Authorized Labs in […***…], Illumina shall be entitled to […***…] of the Gross Test Fees collected and Sequenom shall be entitled to […***…] of the Test Fees collected, subject to Section 3.2(d)(ii).

Appears in 5 contracts

Samples: Pooled Patents Agreement (Sequenom Inc), Pooled Patents Agreement (Illumina Inc), Pooled Patents Agreement (Sequenom Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!