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

This Agreement shall enter into force upon the Effective Date and, unless earlier terminated as provided herein, shall continue until the expiration of the Royalty Term.

More Definitions of Royalty Term

Royalty Term shall have the meaning set forth in Section 7.3.

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

Royalty Term has the meaning set forth in Section 6.2(b) (Royalty Term).

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 means, on a country-by-country basis, the period of time beginning on the First Commercial Sale of a Licensed Product in a given country and expiring on a country-by-country basis, with respect to each Licensed Product, upon the later of:

Royalty Term means, in the case of the Product in each indication within the Field, in any country, the period of time commencing on the First Commercial Sale in such country and ending upon the later of (a) ten (10) years after the date of First Commercial Sale in such country, or (b) the expiration of the last to expire Valid Claim claiming the sale of such Product in such country.

Royalty Term has the meaning set forth in Section 10.5(b).