Generic Competition. At any time after Generic Competition exists in a country of the LICENSEE Territory, in each Calendar Quarter during the Royalty Period, Net Sales from such country shall be reduced by [*] before including same into Net Sales in all countries in the LICENSEE Territory for the purpose of calculating the applicable royalty rates set forth in Section 5.3.1.
Appears in 4 contracts
Samples: License Agreement (Minerva Neurosciences, Inc.), License Agreement (Minerva Neurosciences, Inc.), License Agreement (Minerva Neurosciences, Inc.)
Generic Competition. At any time after In the event a Licensed Product is subject to Generic Competition exists in a country of in the LICENSEE Territory, in each Calendar Quarter Territory during the Royalty PeriodTerm for such Licensed Product, Net Sales from such country shall be reduced by [*] before including same into Net Sales in all countries then, beginning in the LICENSEE Territory for calendar month following the purpose of calculating three (3) calendar month period during which Generic Competition has been determined to exist in accordance with Section 1.41 at the applicable level noted below, the royalty rates set forth in Section 5.3.1.8.4(a) (without giving effect to any reduction under Section 8.5) shall be reduced in such country:
Appears in 2 contracts
Samples: License and Collaboration Agreement (Molecular Partners Ag), License and Collaboration Agreement (Allergan Inc)
