Vanda Royalty to BMS Sample Clauses

Vanda Royalty to BMS. In the event that Vanda Commercializes a Product and/or enters into a Development and Commerdalization Agreement with a Third Party for the Product, then Vanda will pay BMS a [*] percent ([*]%) royalty on annual Net Sales of that Product by Vanda, its Affiliates, and sublicensees, including but not limited to such Third Party, in the Territory. In the event that Vanda enters into one or more Development and Commercialization Agreements for a particular Product, Vanda will also pay BMS [*] percent ([*]%) of [*] that are received by Vanda in consideration of each such Development and Commercialization Agreement. Vanda agrees that it shall also pay MGH, on behalf of BMS, all financial obligations of BMS under the MGH License Agreement arising from the Development, manufacture and Commercialization of Products by Vanda, its Affiliates and sublicensees, including but not limited to any royalty obligation under the MGH license Agreement arising from the sale of any Product by Vanda, its Affiliates or sublicensees in the Territory, and shall comply with and fulfill all applicable terms and conditions of the MGH License Agreement. Without limiting the foregoing, with respect to each Product, Vanda shall comply with and fulfill all of the applicable terms and conditions of the MGH License Agreement relating to the Development, manufacture and Commercialization of Products by Vanda, its Affiliates and sublicensees, which shall include making the royalty payments in accordance with the terms and conditions of the MGH license Agreement, keeping books of accounting and making them available for inspection by MGH in accordance with the terms and conditions of the MGH License Agreement, providing any information and reports to MGH required by the terms and conditions of the MGH License Agreement in connection with the sale of any Product, and obtaining and maintaining the type and amounts of insurance required of BMS under the MGH License Agreement. Vanda shall provide BMS with a copy of each document provided to MGH in accordance with the terms and conditions of the MGH License Agreement, including but not limited to a copy of each royalty report and a copy of any other document providing information to MGH.
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Related to Vanda Royalty to BMS

  • Know-How Royalty Notwithstanding the provisions of Section 5.4.1(a), in countries where the sale of Product by Merck or its Related Parties would not infringe a Valid Patent Claim, Merck shall pay royalty rates that shall be set at [***] of the applicable royalty rate determined according to Section 5.4.1(a). Such royalties shall be calculated after first calculating royalties under Section 5.4.1(a).

  • Royalty Report The term “Royalty Report” shall have the meaning ascribed to such term as provided in Section 5.4.

  • Sublicense Fees Licensee will pay Sublicense Fees indicated in Section 3.1(e) of the Patent & Technology License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Royalty Reports After the first commercial sale of a Licensed Product anywhere in the world, LICENSEE shall submit to UNIVERSITY quarterly royalty reports on or before each February 28, May 31, August 31 and November 30 of each year. Each royalty report shall cover LICENSEE’s (and each Affiliate’s and Sublicensee’s) most recently completed calendar quarter and shall show:

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

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