Permitted Reductions. 4.4.1 [***]. The Royalty during the Initial Royalty Term or the Alizyme Trademark and Know-How Usage Fee during the Subsequent Royalty Term may be reduced in the Prometheus Territory [***], up to a maximum reduction of [***] percent ([***]%) in the aggregate of the Royalty or Alizyme Trademark and Know-How Usage Fee, as applicable, under (a) [***]; (b) [***]; or (c) [***]. For the avoidance of doubt, the royalty reduction set forth in this Section 4.4.1, shall not apply to any [***]. Prometheus shall use Commercially Reasonable Efforts to minimize [***]. 4.4.2 Reduction of [***].
Appears in 2 contracts
Sources: License Agreement (Prometheus Laboratories Inc), License Agreement (Prometheus Laboratories Inc)