Testing Services Royalties Clause Samples

Testing Services Royalties. RBM shall pay to LUMINEX [***] of Testing Services Net Sales (“Testing Services Royalties”) for so long as the Series A Preferred Stock remains outstanding and held by LUMINEX. Following the complete redemption of all Series A Preferred Stock issued to LUMINEX, the Testing Services Royalties payable to LUMINEX set forth in the preceding sentence shall be reduced to [***] of Net Sales of the Testing Services (the “Base Testing Services Royalty Amount”).