Examples of Third Party Royalty in a sentence
College of Pharmacy,P Kaling Rao road, Subbaiah circle, Bengaluru – 27 080-2248 3456, +91 94480 54321B - DETAILS OF THE INSTITUTION B – I .1Name of the PrincipalDr K.
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.
For example only, if Isis obtains a license under a Third Party Agreement that requires payment of a Third Party Royalty of [***]% on Net Sales of Licensed Products, then the royalty payable to CSHL will be reduced by [***]% (i.e., [***] ([***]) of such [***]% Third Party Royalty) to a total royalty to CSHL of [***]% on Net Sales of Licensed Products.
Provided that Corixa receives such calculations and documentation and GSK Canada's [*] the Third Party Royalty payment by the date specified above in this Section 6.5, Corixa shall submit to the Third Party licensor, by the due date calculated by GSK Canada, (a) a payment equal to [*] the amount received from GSK Canada and (b) all calculations and documentation provided by GSK Canada.
GSK Canada shall calculate the amounts and due dates of all Third Party Royalty payments.