Common use of Payment Reductions Clause in Contracts

Payment Reductions. In the event that a Licensed Product is made, used or sold in a country where there is a competing product in the Field, the amounts due Scios pursuant to Sections 3.2 and 3.3 shall be reduced as follows:

Appears in 2 contracts

Sources: License Agreement (Genvec Inc), License Agreement (Genvec Inc)

Payment Reductions. In the event that a Licensed Product is made, ------------------ used or sold in a country where there is a competing product in the Field, the amounts due Scios pursuant to Sections 3.2 and 3.3 shall be reduced as follows:

Appears in 2 contracts

Sources: License Agreement (Genvec Inc), License Agreement (Genvec Inc)

Payment Reductions. In the event that a Licensed Product is made, ------------------ used or sold in a country where there is a competing product in the Field, the amounts due Scios pursuant to Sections 3.2 and 3.3 shall be reduced as follows:: [*]

Appears in 1 contract

Sources: License Agreement (Genvec Inc)