Common use of Stockout Period Clause in Contracts

Stockout Period. In the event of a Stockout Period, Licensee shall be entitled to certain royalty reductions as provided under Sections 6.3(e) and 9.5(f) of the Collaboration and License Agreement. In addition to such royalty reductions, in the event that Exelixis recovers third party damages arising directly from a Stockout Period, Exelixis agrees to share such damages with Licensee [ * ] in accordance with each party’s demonstrated losses.

Appears in 4 contracts

Samples: Supply Agreement (Exelixis, Inc.), Supply Agreement, Supply Agreement (Exelixis, Inc.)

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