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

During the Royalty Term and for five (5) years thereafter, OST shall keep, and shall cause its Affiliates and Sublicensees to keep, complete and accurate records pertaining to the sale or other disposition of Licensed Product in sufficient detail to permit Advaxis to confirm the accuracy of payments due hereunder.
The term of this Agreement (the “Term”) shall commence on the Effective Date and, unless terminated earlier pursuant to this Section 11, shall expire, on a country-by-country basis, upon expiration of the last-to-expire Royalty Term.
On a Product-by-Product and country-by-country basis during the Royalty Term, in a country in which no Valid Claim Covers the manufacture, use or sale of a Product, the royalty on Net Sales of such Product in such country shall be reduced to three percent (3%).
During the Royalty Term, Licensee will pay to BlinkBio a royalty of six percent (6%) of Net Sales.
This Agreement shall commence on the Effective Date, and unless terminated earlier as provided in this Article 11 or by mutual written agreement of the parties, shall continue, until the expiration of the Royalty Term with respect to any Licensed Product under this Agreement (the “Term”).

More Definitions of Royalty Term

Royalty Term has the meaning set forth in Section 6.5(c).

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

Royalty Term means the time period commencing with the Effective Date and ending on the later of (i) with respect to each Product in each country, the expiration of the last Valid Claim that would be infringed but for the license granted by this Agreement, by the use, offer for sale, sale or import of such Product in such country, or (ii) ten (10) years after the First Commercial Sale of any Product in the Territory.

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

Royalty Term means the period of time commencing on the date of the first commercial sale of a Product and ending on a country-by-country basis with respect to each Product upon the later of:

Royalty Term has the meaning set forth in Section 3.3.

Royalty Term has the meaning set forth in Section 8.1.2 (Royalty Term).