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Common use of Aggregate Reduction Clause in Contracts

Aggregate Reduction. In no event shall the royalties payable to ADDEX, totally or in any calendar year, on a country by country basis, be reduced by more than [***] of the total amount OMP would have paid without any reduction.

Appears in 3 contracts

Sources: Research and Development (Addex Therapeutics Ltd.), Research and Development (Addex Therapeutics Ltd.), Research and Development (Addex Therapeutics Ltd.)

Related Clauses

  • Termination or Reduction of Aggregate Revolving Commitments
  • Staff Reduction
  • Fee Reduction
  • Commitment Reduction
  • Reduction of Total Commitment

Parent Clauses

  • Failure of the Research
  • Independent Product
  • Grant of License to Collaboration Compounds Being Developed by ADDEX
  • Definitions
  • FINANCIAL PROVISIONS

Sub-Clauses

  • Royalty Reports and Records
  • Disclosure of Provisional and Non-Provisional Patent Applications
  • Right to Audit
  • Patent Filings
  • Tax Matters
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