Common use of Term of Royalty Obligation Clause in Contracts

Term of Royalty Obligation. Royalties on the Licensed Product shall commence upon the First Commercial Sale of a Licensed Product in a particular country in the Territory and will continue on a product-by-product, country-by-country basis until the later of (i) the expiration of the last to expire Valid Claim of the Compound Patent Rights covering a Licensed Product in such country or (ii) the tenth (10th) anniversary of the date of the First Commercial Sale of the Licensed Product in such country.

Term of Royalty Obligation. Royalties on the a given Licensed Product shall commence upon the First Commercial Sale of a such Licensed Product in a particular country in the Territory and will continue on a product-by-product, country-by-country basis until the later of (i) the expiration of the last to expire Valid Claim of the a Compound Patent Rights Right covering a or claiming such Licensed Product in (or the Licensed Compounds contained in, or comprising, such country Licensed Product) or (ii) the tenth (10th) anniversary of the date of the First Commercial Sale of the such Licensed Product in such country.

Term of Royalty Obligation. Royalties on the Licensed Product shall commence upon the First Commercial Sale of a Licensed Product in a particular country in the Territory and will continue on a product-by-product, country-by-country basis until the later of (i) the expiration of the last to expire Valid Claim of the Compound Patent Rights covering a Licensed Product in such country or (ii) the tenth (10th) anniversary expiration of the date of the First Commercial Sale of the regulatory exclusivity for Licensed Product in such countrycountry or (iii) [***].

Term of Royalty Obligation. Royalties on the Licensed Product shall commence upon the First Commercial Sale of a Licensed Product in a particular country in the Territory and will continue on a product-by-product, country-by-country basis until the later of (i) the expiration of the last to expire Valid Claim of the Compound Patent Rights covering a Licensed Product in such country or (ii) the tenth (10th) anniversary of the date of the First Commercial Sale of the Licensed Product in such country[***].

Term of Royalty Obligation. Royalties on the Licensed Product Products shall commence upon the First Commercial Sale of a Licensed Product in the Field in a particular country in the Territory and will continue on a product-by-product, country-by-country basis until the later of (i) the expiration of the last to expire Valid Patent Claim of covering the Compound Patent Rights covering a respective Licensed Product in the Field in such country or (ii) the tenth (10th) anniversary of the date of 10 years after the First Commercial Sale of the a Licensed Product in such country.