Common use of Applicable Royalty Clause in Contracts

Applicable Royalty. Within forty-five (45) days after the end of each fiscal quarter, Chiron shall pay to Gen-Probe the Applicable Royalty for each Clinical Diagnostic Instrument manufactured by Chiron pursuant to Section 4.4.3(b) or (c) above and sold by Chiron or its Affiliates during such fiscal quarter.

Appears in 2 contracts

Samples: Agreement (Gen Probe Inc), Agreement (Gen Probe Inc)

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Applicable Royalty. Within forty-five (45) days after the end of each fiscal quarter, Chiron shall pay to Gen-Probe the Applicable Royalty for each Exclusive Future Clinical Diagnostic Instrument manufactured by Chiron pursuant to Section 4.4.3(b) or (c) above and Assay sold by Chiron or its Affiliates during such fiscal quarter.

Appears in 2 contracts

Samples: Agreement (Gen Probe Inc), Agreement (Gen Probe Inc)

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Applicable Royalty. Within forty-five (45) days after the end of each fiscal quarter, Chiron shall pay to Gen-Probe the Applicable Royalty for each Nonexclusive Future Clinical Diagnostic Instrument manufactured by Chiron pursuant to Section 4.4.3(b) or (c) above and Assay sold by Chiron or its Affiliates during such fiscal quarter.

Appears in 2 contracts

Samples: Agreement (Gen Probe Inc), Agreement (Gen Probe Inc)

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