Common use of Net Profits and Net Losses Clause in Contracts

Net Profits and Net Losses. Except as otherwise provided in this Agreement, the [*] ([*]%) in the Net Profits and Net Losses, as applicable, with respect to the Collaboration Products, as set forth in this Section. Within thirty (30) days after the end of each calendar quarter in which Net Profits or Net Losses are recognized with respect to a Collaboration Product, each Party shall provide the other Party with a statement detailing its Net Profits or Net Losses for such Collaboration Product for such calendar quarter on a country-by-country basis, which statement shall set forth in reasonable detail any Net Sales by such Party or its Affiliates, any Commercialization Expenses and any Other Operating (Income)/Expense, including a detailed breakdown of the components of the foregoing, with respect to such Collaboration Product, provided that such Commercialization Expenses (including the components thereof) [*] set forth in the applicable Project Budget with respect to the commercialization activities set forth in the applicable Project Plan by more than [*] percent ([*]%) without the approval of the Steering Committee ("Authorized Commercialization Expenses"). Within forty-five (45) days after the end of each calendar quarter, the Parties shall [*] to [*] so that [*] ([*]%) in the Net Profits or Net Losses, as applicable, for such calendar quarter for each Collaboration Product.

Net Profits and Net Losses. Except as otherwise provided in this Agreement, the [*] ([*]%) in the Net Profits and Net Losses* , as applicable, with respect to the Collaboration Products, as set forth in this Section. Within thirty (30) days after the end of each calendar quarter in which Net Profits or Net Losses are recognized with respect to a Collaboration Product, each Party shall provide the other Party with a statement detailing its Net Profits or Net Losses for such Collaboration Product for such calendar quarter on a country-by-country basis, which statement shall set forth in reasonable detail any Net Sales by such Party or its Affiliates, any Commercialization Expenses and any Other Operating (Income)/Expense, including a detailed breakdown of the components of the foregoing, with respect to such Collaboration Product, provided that such Commercialization Expenses (including the components thereof) [*] may not exceed (or be projected to exceed) the amount set forth in the applicable Project Budget with respect to the commercialization activities set forth in the applicable Project Plan by more than [*] ten percent ([*]10%) without the approval of the Steering Committee ("Authorized Commercialization ExpensesAUTHORIZED COMMERCIALIZATION EXPENSES"). Within forty-five (45) days after the end of each calendar quarter, the Parties shall [*] make payments to [*] one another so that [*] ([*]%) in the Net Profits or Net Losses* , as applicable, for such calendar quarter for each Collaboration Product.