Common use of Additional Royalty Clause in Contracts

Additional Royalty. Vertex shall pay an additional royalty to CFFT in an amount equal to twice the amount of actual CFFT Accelerated Potentiator Funding paid to Vertex under this Second Amendment, in two installments as set forth below. The additional royalty is assumed for illustrative purposes to be based on actual CFFT Accelerated Potentiator Funding of $13.3 million, and based on that assumption a total of $26.6 million would be payable in the following amounts, in each case within thirty days after the first quarter in which cumulative Net Sales of Potentiator Drug Products have reached the following levels: Cumulative Net Sales Additional Royalty Amount $100 million $ 13.3 million $200 million $ 13.3 million

Appears in 3 contracts

Samples: Research, Development and Commercialization Agreement (Royalty Pharma PLC), Development and Commercialization Agreement (Royalty Pharma PLC), Research, Development and Commercialization Agreement (Royalty Pharma PLC)

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Additional Royalty. Vertex shall pay an additional royalty to CFFT in an amount equal to twice the amount of actual CFFT Accelerated Potentiator Funding paid to Vertex under this Second Amendment, in two installments as set forth below. The additional royalty is assumed for illustrative purposes to be based on actual CFFT Accelerated Potentiator Funding of $13.3 million, and based on that assumption a total of $26.6 million would be payable in the following amounts, in each case within thirty days after the first quarter in which cumulative Net Sales of Potentiator Drug Products have reached the following levels: Cumulative Net Sales Additional Royalty Amount $$ 100 million $ 13.3 million $$ 200 million $ 13.3 million

Appears in 1 contract

Samples: Research, Development and Commercialization Agreement (Vertex Pharmaceuticals Inc / Ma)

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