Common use of Minimum Royalty Rate Clause in Contracts

Minimum Royalty Rate. During the Royalty Term, the operation of the subsections [ * ] of Section 8.3(b) singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 8.3(a). For clarity, the [ * ] shall [ * ] to the operation of Section [ * ].

Minimum Royalty Rate. During the Royalty Term, Term the operation of the subsections [ * ] of Section 8.3(b) ], singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 8.3(a9.3(a). For clarity, the [ * ] shall [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the operation Securities Exchange Act of Section [ * ]1934, as amended.

Minimum Royalty Rate. During the Royalty Term, the operation of the subsections [ * ] of Section 8.3(b) singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 8.3(a). For clarity, the [ * ] shall [ * ] to the operation of Section [ * ].

Minimum Royalty Rate. During the Royalty Term, Term the operation of the subsections [ * ] of Section 8.3(b) ], singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 8.3(a9.3(a). For clarity, the [ * ] shall [ * ] to the operation of Section [ * ].

Minimum Royalty Rate. During the Royalty Term, Term the operation of the subsections [ * ] of Section 8.3(b) ], singularly or in combination, shall not reduce the royalties due to Exelixis for any Product below [ * ] percent ([ * ]%) of what would otherwise have been due under Section 8.3(a9.3(a). For clarity, the [ * ] shall [ * ] to the operation of Section [ * ].