Common use of Example Calculation Clause in Contracts

Example Calculation. For example, if aggregate Net Sales of a Product for the Licensed Indication throughout the Gilead Original Territory were equal to [*] Dollars ([*]) in a calendar year, and no offsets or reductions described in Sections 8.3(g), (h) or (i) are applicable, then the royalty payable to JT hereunder for such total Net Sales would be equal to ([*]) plus ([*]) plus ([*]), for a total royalty of [*] Dollars ([*]).

Example Calculation. For example, if aggregate Net Sales of a Product for the Licensed Indication throughout the Gilead Original Territory were equal to [*] million Dollars ([*]) ] in a calendar year, and no offsets or reductions described in Sections 8.3(g8.3(f), (hg) or (ih) are applicable, then the royalty payable to JT hereunder for such total Net Sales would be equal to ([*] plus [*] plus [*]) plus ([*]) plus ([*]), for a total royalty of [*] Dollars ([*]).