Royalty Reduction definition

Royalty Reduction has the meaning set forth in Section 3.14(f).
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Royalty Reduction is defined in Section 4.1(h)(xii).
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Royalty Reduction is defined in ‎Section 4.9(l).
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Examples of Royalty Reduction in a sentence

  • To the Knowledge of the Seller, there are no Third Party patents that would provide a basis for a Royalty Reduction.

  • Upon exercise of the Second Royalty Reduction Option, the Company will have the option to purchase an additional 1.75% NSR for a further $1,500,000 payment at any time prior to the date commercial production commences (“Third Royalty Reduction Option”), reducing the NSR to 3.0%.

  • In addition to the Royalty Reduction Fees, Licensee shall pay a royalty for the license granted in Paragraph II.A, as shown below, in US currency.

  • MedImmune shall be solely responsible for paying any and all royalties payable under the In-License Agreements and the royalties paid to MedImmune hereunder are the only royalties that Licensee is due to pay MedImmune (inclusive of any other party of an In-License Agreement); provided that such royalties shall not be offset pursuant to the Third Party Royalty Reduction described above.

  • Of the NSR, 1.5% can be bought down at any time prior to the date commercial production commences for US$2,000,000 (“First Royalty Reduction Option”).


More Definitions of Royalty Reduction

Royalty Reduction is defined in Section 3.1(h)(xi).
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Royalty Reduction means any adjustments, modifications, credits, offsets, reductions or deductions to payments made under Section 6.3 of the License Agreement pursuant to Section 6.3(b), Section 6.3(c) or Section 6.3(d) of the License Agreement (and subject to the limitation imposed by Section 6.3(e) of the License Agreement).
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Royalty Reduction has the meaning set forth in Section 3.13 (f); provided, however, that “Royalty Reduction” shall not include any Set-off or Specified Tax Withholding.
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Royalty Reduction in the Absence of Patent Protection. The royalty amounts set forth above shall be reduced by [**] on a country-by- country basis at any such time that there are no Patent Rights containing a Valid Claim with respect to the Active Compound which is an ingredient of such Licensed Product in such country.
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Royalty Reduction means any Royalty Payments that are discharged, suspended, or deferred in accordance with Section 8.3.2 or Section 11.3.4 of the License Agreement;
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Royalty Reduction is defined in ‎‎Section 3.1(i)(ix).
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Royalty Reduction is defined in Section 3.5(l).
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