Common use of Obligation to Pay Royalties Clause in Contracts

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 10 contracts

Samples: Nonexclusive License Agreement, Nonexclusive Agreement, Exclusive License Agreement

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Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** ImmuMetrix will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (CareDx, Inc.), Common Stock Purchase Agreement (CareDx, Inc.), Agreement and Plan of Merger (CareDx, Inc.)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** Company will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 3 contracts

Samples: Nonexclusive Agreement, Exclusive Agreement, Exclusive Agreement

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted each Licensed Product sold under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates[*], and those Licensed Products are sold after the termination date[*], ***** Forty Seven will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 3 contracts

Samples: Equity) Agreement (Forty Seven, Inc.), Equity) Agreement (Forty Seven, Inc.), Equity) Agreement (Forty Seven, Inc.)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** Eidos will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 3 contracts

Samples: Exclusive (Equity) Agreement (BridgeBio Pharma LLC), Exclusive (Equity) Agreement (BridgeBio Pharma, Inc.), Exclusive (Equity) Agreement (Eidos Therapeutics, Inc.)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** BioTrove will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 2 contracts

Samples: Client and Billing Agreement (BioTrove, Inc.), Client and Billing Agreement (BioTrove, Inc.)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if solely in the event that certain Licensed Products are made, used, made or imported, or offered for sale but not sold, before the date this Agreement terminates, and those such Licensed Products are then sold after the termination date, ***** Fate will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those such made or imported Licensed Products.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Fate Therapeutics Inc), Stock Purchase Agreement (Fate Therapeutics Inc)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** Bolt will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 2 contracts

Samples: Exclusive Agreement (Bolt Biotherapeutics, Inc.), Original Agreement (Bolt Biotherapeutics, Inc.)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** Annexon will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 2 contracts

Samples: Equity) Agreement (Annexon, Inc.), Equity) Agreement (Annexon, Inc.)

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Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s 's sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** . Telomolecular will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 2 contracts

Samples: Exclusive Agreement (Telomolecular Corp), Exclusive Agreement (Telomolecular Corp)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminatesterminates or expires, and those Licensed Products are sold after the termination or expiration date, ***** will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 2 contracts

Samples: Exclusive License Agreement With Equity, Exclusive License Agreement

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** Licensee will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 2 contracts

Samples: Exclusive (Equity) Agreement, Exclusive (Equity) Agreement

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for any activity conducted under the licenses granted. For convenience’s 's sake, the amount of that royalty is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those Licensed Products are sold after the termination date, ***** Selten will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those Licensed Products.

Appears in 1 contract

Samples: License Assignment Agreement (Vivus Inc)

Obligation to Pay Royalties. A royalty is due Stanford under this Agreement for on Net Sales of Licensed Product. If any activity conducted under the licenses granted. For convenience’s sake, the amount of that royalty Licensed Product is calculated using Net Sales. Nonetheless, if certain Licensed Products are made, used, imported, or offered for sale before the date this Agreement terminates, and those such Licensed Products are Product is sold after the termination datedate of this Agreement, ***** VIA will pay Stanford an earned royalty for its exercise of rights based on the Net Sales of those such Licensed ProductsProduct.

Appears in 1 contract

Samples: Client and Billing Agreement (Via Pharmaceuticals, Inc.)

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