Common use of Generic Competition Clause in Contracts

Generic Competition. In the event that during the Term of the License (as defined in Section 4 above), there is any Generic Competition (as defined below) with respect to a particular Product in a particular country in which such Product is being sold, and for so long as such Generic Competition persists, the royalty amount payable to Yissum for sales of such Product (only) in such country shall be reduced by [ ] [( )].

Generic Competition. In the event that during the Term of the License (as defined in Section 4 above), there is any Generic Competition (as defined below) with respect to a particular Regulated Product in a particular country in which such Regulated Product is being sold, and for so long as such Generic Competition persists, the royalty amount payable to Yissum for sales of such Regulated Product (only) in such country shall be reduced by [ ] [( )]...

Generic Competition. In the event that during the Term of the License (as defined in Section 4 above), there is any Generic Competition (as defined below) with respect to a particular Product in a particular country in which such Product is being sold, and for so long as such Generic Competition persists, the royalty amount payable to Yissum for sales of such Product (only) in such country (only) shall be reduced by [ ] [( fifty percent (50%)]. For purposes of illustration only, if ▇▇▇▇▇▇ would be entitled to receive Royalties of $100 on account of Net Sales for a Product in a specific country, then in the event that there exists Generic Competition with regards to such Product in that specific country, Yissum will be entitled to receive Royalties of $50.

Generic Competition. In the event that during the Term of the License (as defined in Section 4 above), there is any Generic Competition (as defined below) with respect to a particular Product in a particular country in which such Product is being sold, and for so long as such Generic Competition persists, the royalty amount payable to Yissum for sales of such Product (only) in such country shall be reduced by [ [**]% ([**]). For purposes of illustration only, if Yissum would be entitled to receive the royalty amount of [**] if not for any royalty reduction, as aforementioned, then in the event that there is Generic Competition, then Yissum will be entitled to receive the royalty amount of [( )**].