Examples of Royalty Floor in a sentence

Sponsors: Councilmembers Tuma, Simon and Jones Council President Brady referred Resolution No. R2019-0144 to the Committee of the Whole.
Voyager will not voluntarily amend or terminate any Voyager In-License in a manner that would increase the royalty floor under Section 12.4.5 (Royalty Floor) or terminate rights sublicensed to Genzyme under this Agreement (or that would be sublicensed to Genzyme if Genzyme exercised an Option with respect to a Collaboration Product).
Upon conclusion of such litigation, the Royalties due, above the Royalty Floor, on those Royalty Products sold during the period in which the litigation was on-going, shall be re-calculated having regard to the status of the Patent Rights licensed hereunder which are asserted and the funds held in escrow shall be distributed according to such re-calculation.
In the event that a reduction would be permitted under this Section 5.7 but for the fact that such reduction would reduce the applicable royalties payable in accordance with Section 5.6.1 by more than the Royalty Floor, then Novartis may carry over such royalty reduction to payments payable hereunder with respect to any royalty payments owed in any future Calendar Quarter, in each case with such reduction continuing until all such amounts have been expended.
As states seek partners for cooperation, geopo- litical alignment is a positive indicator of trust and reliability.

More Definitions of Royalty Floor

Royalty Floor equals [†] percent ([†]%) of the Valid Claim Royalty or the Technology Royalty, as applicable.

Royalty Floor has the meaning set forth in Section 8.4(h).

Royalty Floor shall have the meaning provided in Section 4.5(a). ***Confidential Treatment Requested Sequenom-Optherion License Agreement – Confidential 6

Royalty Floor has the meaning set forth in Section 7.3.3(b). 1.119 “Royalty Term” means for each country, on a Product-by-Product basis, the period starting on the First Commercial Sale in such country and ending on the latest to occur of: (a) the expiration of the last-to-expire Valid Claim of the Licensed Patents Covering such Product in such country; (b) the expiration of any Regulatory Exclusivity for such Product in such country, and (c) ten (10) years from the date of such First Commercial Sale. 1.120 “SEC” has the meaning set forth in Section 9.5.2. 1.121 “Securities Act” means the Securities Act of 1933, as amended. 1.122 “Selling Party” has the meaning set forth in Section 1.87. 1.123 “Senior Executive” means [***]. 1.124 “Service Providers” means a Person retained by a Party, its Affiliate or Sublicensee, as applicable, to perform services on behalf of such Party, its Affiliate or Sublicensee, as applicable, including any CMOs and CROs. 1.125 “Single-Agent Product” means a Product containing a Compound as its sole active pharmaceutical ingredient.

Royalty Floor is defined in Section 6.12.1(b).

Royalty Floor is defined in Section 7.3.3 (Royalty Reductions).

Royalty Floor shall have the meaning set forth in Section 8.2.2(c).