With Respect to Royalties Due to UCONN and Third Parties Sample Clauses

With Respect to Royalties Due to UCONN and Third Parties. In the event that the aggregate royalties applicable to Licensed Product covered by a Valid Claim of Patent Rights for New Inventions payable to UCONN hereunder and to any Third Parties pursuant to any agreement(s) entered into after the Effective Date of this Agreement and/or payable to UCONN pursuant to any separate agreement(s) exceed [ ** ] of the Net Sales of such Licensed Product in any country, ANTIGENICS may reduce any amounts due UCONN hereunder by the [ ** ] under such Third Party agreement(s) and/or UCONN agreement(s), provided, however, that in no event shall the royalties payable hereunder for a Licensed Product covered by a Valid Claim of Patent Rights for New Inventions be less than [ ** ] of Net Sales. In the event that ANTIGENICS exercises its right to reduce royalty payments as provided herein, ANTIGENICS will provide to UCONN a copy of relevant sections of those Third Party agreements for which royalties are being [ ** ] to the extent reasonably necessary for UCONN to confirm the royalty reductions applicable hereunder. UCONN agrees that in the event separate agreements are entered into by and between UCONN and ANTIGENICS applicable to Licensed Product, such agreement shall contain reasonable royalty reduction provisions sufficient to give effect to this Section 3.4., provided that if such agreement contains a royalty rate on Net Sales of less than [ ** ], that agreement may or may not contain a royalty reduction provision.