Royalty Term definition

Royalty Term means, with respect to a Product in a country, the period that begins on the date of First Commercial Sale of such Product in such country and ends on the later of: (a) expiration of the last Valid Claim that covers the manufacture, use, offer for sale, sale, or import of such Product in such country and (b) fifteen (15) years after the date of the First Commercial Sale of such Product in such country.

Royalty Term has the meaning set forth in Section 8.4(b).

Royalty Term has the meaning set forth in Section 6.5.2.

Examples of Royalty Term in a sentence

• Upon the expiration of the Royalty Term with respect to a Licensed Product in a country, the license granted by Mabworks to Climb pursuant to Section 2.1 (License Grant) with respect to such Licensed Product in such country will become fully paid-up, royalty-free, non-terminable, irrevocable, and perpetual.

• This Agreement is effective as of the Effective Date and, unless earlier terminated pursuant to this Article 13 (Term and Termination), will remain in effect until it expires (a) on a Licensed Product-by-Licensed Product and country-by-country basis, upon the expiration of the Royalty Term for such Licensed Product in such country and (b) in its entirety, upon the expiration of all Royalty Terms for all Licensed Products in all countries in the ROW Territory (the “Term”).

More Definitions of Royalty Term

Royalty Term has the meaning set forth in Section 4.3(d).

Royalty Term shall have the meaning set forth in Section 4.9.

Royalty Term means, on a Licensed Product-by-Licensed Product basis, the period commencing on the date of First Commercial Sale of a Licenses Produce in a country and ending on the latest of (a) the date of the last to expire Valid Claim in a GlobeImmune Licensed Patent covering or claiming such Licenses Product in such country, (b) the date upon which all Regulatory Exclusivity for such Licenses Product expires, and (c) the tenth (10th) anniversary of the date of the First Commercial Sale of such Licenses Product in such country.

Royalty Term means, with respect to each Royalty-Bearing Product in each country in the Royalty-Bearing Territory, the period beginning on the date of First Commercial Sale of such Royalty-Bearing Product in such country and continuing until the later of (a) the last date on which the manufacture, use or sale of such Royalty-Bearing Product in such country would infringe a Valid Claim included in the Licensed Patent Rights but for the license granted hereunder, (b) ten (10) years from the date of the First Commercial Sale of such Royalty-Bearing Product in such country.

Royalty Term means, and determined on a Licensed Product-by-Licensed Product and country-by-country basis, the period commencing from the First Commercial Sale of a given Licensed Product in such country and ending on the expiry of the last-to-expire Licensor Patent containing a Valid Claim Covering such Licensed Product in such country.

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 3.4 (Royalties).