Royalty Term means, with respect to each Licensed Product, the period of time beginning on the first sale of a Licensed Product in a country following receipt of regulatory approval for the marketing and sale of such Licensed Product in such country and continuing on a country-by-country and product-by-product basis until the later of (1) the expiration of the Patent Term, or (ii) ten (10) years from the date of such sale of such Licensed Product in such country (other than any sale or transfer between Licensee and its Affiliates or Sublicensees).
Royalty Term has the meaning set forth in Section 8.4(b).
Royalty Term shall have the meaning set forth in Section 4.9.
Examples of Royalty Term in a sentence
In consideration of the services rendered by Concorde under the Consulting Agreement, HFactor shall pay to Concorde a royalty (the “Royalty”) equal to Ten ($0.10) Cents per unit of HFactor Product sold during the Royalty Term.
More Definitions of Royalty Term
Royalty Term has the meaning set forth in Section 6.4.2.
Royalty Term shall have the meaning set forth in Section 7.3.
Royalty Term means with respect to each Product in each country in the Territory, the period beginning on the date of First Commercial Sale of such Product in such country and ending on the later of (a) the expiration of the last to expire Valid Claim of the Licensed Patent Rights or ILDONG Program Patent Rights in such country that Covers the composition of matter, Manufacture, use or sale of such Product, and (b) fifteen (15) years from the date of the First Commercial Sale of such Product in such country.
Royalty Term has the meaning set forth in Section 4.3(d).
Royalty Term means, with respect to a Product in a country, the period beginning on the First Commercial Sale of such Product in such country, and expiring on the later of:
Royalty Term has the meaning set forth in Section 3.3.
Royalty Term has the meaning set forth in Section 8.1.2 (Royalty Term).