Future Royalties Sample Clauses
POPULAR SAMPLE Copied 2 times
Future Royalties. 3.3.b.1. Liquidia shall pay to Chasm (i) a royalty of [***] percent ([***]%) of the Net Sales of all Products that incorporate, use, or result from using Liquidia Owned Intellectual Property (the “Sales Royalty”) and (ii) a royalty of [***] percent ([***]%) of all license fees and royalties received by Liquidia, from a party other than Chasm or its subcontractors, for each sublicense of Liquidia Owned Intellectual Property (the “License Fee”).
Future Royalties. In the event that the Escrow Technology is ---------------- accessed by ATUGEN as provided in this Section 2.4, ATUGEN will be responsible for all payments which become due to third parties as a result of action taken by ATUGEN in the Field.
Future Royalties. Subject to the terms and conditions of this Agreement, during the applicable Royalty Term for a Product, OraSure shall pay to Inverness the following royalties:
4.2.1 of Net Sales of OraQuick® HIV Products in the Professional Market, occurring on or after January 1, 2013 (excluding sales to Inverness and/or its Affiliates);
4.2.2 of Net Sales of an OraQuick® HCV Product in the Professional Market in a country, occurring on or after the second anniversary of the commercial launch thereof in the Professional Market in such country (excluding sales to Inverness and/or its Affiliates); and
4.2.3 (i) *** of Net Sales of Lateral Flow Products in the Professional Market occurring through June 30, 2011 (excluding sales to Inverness and/or its Affiliates), and (ii) *** of Net Sales of Lateral Flow Products in the Professional Market occurring on or after July 1, 2011 (excluding sales to Inverness and/or its Affiliates). Only one royalty under Section 4.2.1, 4.2.2 or 4.2.3, but not under more than one such Section, shall be owing for a Product regardless of how many Valid Claims of the applicable Lateral Flow Patent Rights would be infringed, but for the license granted by this Agreement, by the manufacture, use, sale, offering for sale, or importation of such Product.