Reduction Floor. In no event shall the reduction made pursuant to Section 8.3.3 in aggregate reduce the royalty rate below [***] of the royalty rate set forth in Section 8.3.1 in any Calendar Quarter. Credits for reductions pursuant to Section 8.3.3 not exhausted in any Calendar Quarter may be carried into future Calendar Quarters, subject to the preceding sentence.
Appears in 4 contracts
Sources: Collaboration Agreement (Eikon Therapeutics, Inc.), Collaboration Agreement (Eikon Therapeutics, Inc.), Collaboration Agreement (Eikon Therapeutics, Inc.)