Third Party Royalty definition
Examples of Third Party Royalty in a sentence
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.
Third Party Royalty Fee Monthly Transaction Volume* Fee** 1- 1,000,000 $0.0100 1- 2,000,000 $0.0090 1- 5,000,000 $0.0085 1- 10,000,000 $0.0075 1- 20,000,000 $0.0065 1- 40,000,000 $0.0055 1- 60,000,000 $0.0045 1- 80,000,000 $0.0035 * Drop Through Pricing ** Royalty fees billed monthly in arrears and due net net thirty (30) days of invoice.
GSK Canada shall calculate the amounts and due dates of all Third Party Royalty payments.
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.
At Ramot's request, the Company shall provide Ramot with a copy of the written agreement setting forth the terms of such Third Party Royalty Payments (which may be redacted as appropriate), in order to enable Ramot to verify the amounts to be deducted.