Common use of Third Party Royalties Clause in Contracts

Third Party Royalties. In the event that Company is legally required to make royalty payments to Medical School under any agreement other than this Agreement or to one or more third parties in order to make, use, or sell Licensed Products or have it’s Sublicensee make, use, or sell Licensed Products, Company may offset a total of fifty percent (50%) of such other Medical School and third-party payments against any royalty payments that are due to Medical School in the same Royalty Period under this agreement, provided that in no event shall the royalty payments under Sections 4.5. and 4.7., when aggregated with any other offsets and credits allowed under this Agreement, be reduced by more than fifty percent (50%) in any Royalty Period.

Third Party Royalties. In the event that Company is legally required to make royalty payments to Medical School under any agreement other than this Agreement or to one or more third parties in order to make, use, or sell Licensed Products or have it’s Sublicensee its Sublicensees make, use, use or sell Licensed Products, Company may offset a total of fifty percent (50%) of such other Medical School and third-party payments against any royalty payments that are due to Medical School in the same Royalty Period under this agreementAgreement, provided that in no event shall the royalty payments under Sections 4.5. and 4.7., when aggregated with any other offsets and credits allowed under this Agreement, be reduced by more than fifty percent (50%) in any Royalty Period.

Third Party Royalties. In the event that Company is legally required to make royalty payments to Medical School under any agreement other than this Agreement or to one or more third parties in order to make, use, or sell Licensed Products or have it’s its Sublicensees make, use or sell Licensed Products or have its Sublicensee make, use, use or sell Licensed Products, Company may offset a total of fifty percent (50%) of such other Medical School and third-party payments against any royalty payments that are due to Medical School in the same Royalty Period under this agreementAgreement, provided that in no event shall the royalty payments under Sections 4.5. and 4.7., when aggregated with any other offsets and credits allowed under this Agreement, be reduced by more than fifty percent (50%) in any Royalty Period.