Royalty Period definition
Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.
Royalty Period means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to the Investor and ending on such date as set forth in Schedule A.
Royalty Period means the period commencing upon the First Commercial Sale in the Territory and will continue, on a country-by-country basis, for the later of (i) until the expiration of the last Valid Claim under any Licensed Patent covering or claiming such Licensed Product in such country of the Territory; or (ii) for Licensed Products the manufacture, use or sale of which does not infringe, or no longer infringes, any Valid Claim in a country in the Territory, twenty (20) years from the First Commercial Sale in such country.
Examples of Royalty Period in a sentence
On a country-by-country and Product-by-Product basis, other than [***], AstraZeneca’s obligation to make royalty payments hereunder in such country will end on the expiration of the Royalty Period in such country.
Any sales of a Product made after the expiration of the Royalty Period for such Product in a country shall not be included in the Annual worldwide Net Sales for the purposes of calculating royalties under Section 6.7.1.
More Definitions of Royalty Period
Royalty Period shall have the meaning set forth in Section 5.5.1(c).
Royalty Period has the meaning set forth in Section 6.2.2.
Royalty Period shall have the meaning given in Section 8.7(iv).
Royalty Period will have the meaning described in Section 3.2.1.
Royalty Period has the meaning set forth in Section 5.1.
Royalty Period means one of two six (6) month periods during a calendar year, the first beginning on January 1 and ending June 30 and the second beginning on July 1 and ending December 31, except that the initial Royalty Period shall begin on the Effective Date and end on December 31 of that same calendar year.
Royalty Period means, on a country-by-country basis and a Licensed Product-by-Licensed Product basis, the period commencing on the Effective Date and ending on [ * ] from the date of the first Sale of such Licensed Product in such country.