Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 (as adjusted pursuant to Section 5.3.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales in such country under Section 5.3.1 shall be reduced [***].
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Samples: Master Collaboration Agreement (Prothena Corp PLC), Master Collaboration Agreement (Prothena Corp PLC), Global License Agreement (Prothena Corp Public LTD Co)
Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 5.2.1 (as adjusted pursuant to Section 5.3.35.2.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales in such country under Section 5.3.1 5.2.1 shall be reduced [***].
Appears in 2 contracts
Samples: Master Collaboration Agreement (Prothena Corp PLC), Master Collaboration Agreement (Prothena Corp PLC)
Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a any Initial Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 7.4.1 (as adjusted pursuant to Section 5.3.37.4.3), then the royalty rate to be paid by Celgene on Per Initial Licensed Product Annual Net Sales in such country under Section 5.3.1 7.4.1 shall be reduced [***]to the rate payable by the compulsory licensee.
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Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Celgene Territory with a royalty rate lower * Confidential Information, indicated by [...***...], has been omitted from this filing and filed separately with the U.S. Securities and Exchange Commission. 55 than the royalty rate provided by Section 5.3.1 8.6.1 (as adjusted pursuant to per Section 5.3.38.6.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales under such compulsory license in such country under Section 5.3.1 shall 8.6.1 will be reduced [***]to the rate payable by the compulsory licensee.
Appears in 1 contract
Samples: Exclusive License and Collaboration Agreement (BeiGene, Ltd.)
Compulsory Licenses. If a compulsory license is granted to a Third Party with respect to a Licensed Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 5.3.1 5.2.1 (as adjusted pursuant to Section 5.3.35.2.3), then the royalty rate to be paid by Celgene on Per Licensed Product Annual Net Sales in such country under Section 5.3.1 5.2.1 shall be reduced [***].
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