Royalty Rates definition

Royalty Rates has the meaning set forth in Section 9.3.1.

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Royalty Rates means the royalty rates per Licensed Product as specified in the schedule in Section 4.02.

Royalty Rates has the meaning set forth in Section 5.3 (Royalties).

Examples of Royalty Rates in a sentence

• In the event that the Royalty Rates payable to NEOMED negatively impacts the ability of Artelo, its Affiliates and sublicensees to maximize the Net Sales or earn reasonable profit thereon during the Royalty Term, but after the expiration of the last to expire Valid Claim in the applicable country, then the Parties agree to negotiate in good faith an adjustment to the royalty rates applicable to such country.

• A Party’s obligation to pay Royalties under Section 9.2.1 (Royalty Rates) will continue on a Licensed Product-by-Licensed Product and country-by-country basis commencing on the First Commercial Sale of such Licensed Product in such country in the Licensee Territory or Takeda Territory (as applicable) until the expiration of the Royalty Term for such Licensed Product in such country (at which time sales in such country will be excluded from all calculations of aggregate Net Sales hereunder).

• For each Global Trial (excluding [***]) meeting the Enrollment Commitment, the Royalty Rates shall be reduced by [***], provided that in no event will the applicable Royalty Rate be less than [***] (the “Development Plan Incentive”).

• If at any time during the Royalty Term Generic Competition exists in a given country with respect to a Product, then the Marginal Royalty Rates used to calculate Royalties for such Product in such country shall be reduced by [***] for so long as such Generic Competition exists.

• The Royalty Rates for KCD-Branded Product that are major home appliances (divisions 022, 026, and 046 as described on Appendix 3(a)), lawn mowers, and tractors will be the rates specified above in the column labeled “Royalty Rate before Deduction of the Kenmore Royalty Credit” (the “Initial-Term Rate”).

More Definitions of Royalty Rates

Royalty Rates means the applicable royalty rates set forth in Table 8.4 (Royalty Payments).

Royalty Rates has the definition set forth in Section 11.7.1 (Royalty Rates).

Royalty Rates has the meaning set forth in Section 2.10(a).

Royalty Rates has the meaning set forth in Section 9.3.1 (Royalty Payments).

Royalty Rates means the applicable royalty rate set forth in Table 10.2.4 (Royalty Payments (Takeda Territory)).

Royalty Rates is defined in Section 9.5 (Royalty Rates).

Royalty Rates has the meaning set forth in Section 8.5(a) (Royalty Rates for Licensed Products);