Common use of Term For Royalty Payment Clause in Contracts

Term For Royalty Payment. Royalties payable under Section 6.6 shall be paid on a country-by-country basis from the date of the first commercial sale of each Licensed Product with respect to which royalty payments are due for a period which is the longer of: (i) the expiration of the last to expire Patent in such country covering the composition of matter or use of a Compound or Licensed Product; or (ii) [*] ([*]) years following the date of the first commercial sale of such Licensed Product in such country.

Term For Royalty Payment. Royalties payable under Section 6.6 6.5 shall be paid on a country-by-country and Product-by-Product basis from the date of the first commercial sale First Commercial Sale of each Licensed the applicable Product with respect to which royalty payments are due for a period which is until the longer later of: (i) the expiration of the last to expire Patent Valid Claim within the Array Patents and Collaboration Technology claiming the manufacture, use or sale of such Product in such the country covering where the composition of matter or use of a Compound or Licensed Productapplicable Product was sold; or (ii) [***] ([*]) years following the date of the first commercial sale First Commercial Sale of such Licensed Product in such countrycountry (the “Royalty Term”).