Royalties Records and Reports. (a) For the rights and privileges granted under this SUBLICENSE AGREEMENT, LICENSEE shall pay to LICENSOR earned royalties equal to * of the NET SALES VALUE of LICENSED PRODUCT sold by LICENSEE, AFFILIATES or SUBLICENSEES.
Royalties Records and Reports. 6.1 Within sixty (60) days after the end of each calendar quarter, LICENSEE shall pay to LICENSORS, in equal shares, any running royalties due pursuant to this Article 6 on NET SALES of LICENSED PRODUCTS made by LICENSEE during the preceding calendar quarter.
Royalties Records and Reports. 3.1. During the term of this Agreement, unless sooner terminated, IgX shall pay to LICENSOR, in the manner hereinafter provided, earned royalties at the rate of five percent (5%) of the NET SALES PRICE of all LICENSED PRODUCT(S) sold by IgX and its SUBLICENSEE(S), anywhere in the world.
Royalties Records and Reports. (a) Licensee agrees to pay to Licensor, in consideration for the license granted pursuant to this Agreement, royalties on the Net Sales Value (as hereinafter defined) of all Products sold during the term of this Agreement at the rate of six percent (6.0%) on the first $12,000,000 of Net Sales Value and three percent (3.0%) on all Net Sales Value after said $12,000,000, cumulative and not annual, for the life of U.S. Patent No, 4,702,254, including any extensions, renewals, continuations, divisions, or continuations-in-part thereof. Upon expiration of the last to expire of U.S. Patent No. 4,702,254 (including any extensions or renewals thereof) or any continuation, division or continuation-in-part thereof, the royalty rate payable pursuant to this Section 4(a) shall be reduced to two percent (2.0%) on the first $12,00.0,000 of Net Sales Value and one percent (1.0%) on all Net Sales Value after said $12,000,000, cumulative and not annual. It is understood and agreed that Licensee shall have no obligation to make any payment to Licensor under this Section 4(a) or Section 4(d) from and after the date on which all of the Licensed Patents (including any extensions or renewals thereof) have expired or have been declared invalid by any judicial decree, order or final judgment beyond right of further appeal, except royalties at the percentile rate specified in this Section 4(a) or Section 4(b), as the case may be, on the Net Sales Value of Products sold under the license created by Section 3 of this Agreement prior to such date, and upon such date the license granted by Section 3 hereof shall be fully paid.
Royalties Records and Reports. 4.1 During the term of this Agreement, unless sooner terminated, LYNX shall pay to NORTHWESTERN, in the manner hereinafter provided, earned royalties at the rate of [*] percent ([*]%) of the NET SALES PRICE of all LICENSED PRODUCT sold by LYNX and its sublicensee(s), anywhere in the world.
Royalties Records and Reports. 3.1 During the term of this Agreement, unless sooner terminated, IMMTECH shall pay to NORTHWESTERN, in the manner hereinafter provided, earned royalties at the rate of six percent (6%) of the NET SALES PRICE of all LICENSED PRODUCT sold by IMMTECH, for the first Ten Million Dollars ($10,000,000) sales, and at the rate of four percent (4%) for sales exceeding Ten Million Dollars, anywhere in the world.
Royalties Records and Reports. 5.1 For the rights and privileges granted under this LICENSED AGREEMENT, JANSXXX xxxll pay to ILEX, subject to Article 17, earned royalties on the NET SALES of all LICENSED PRODUCTS that are SOLD by or for JANSXXX or AFFILIATES or SUBLICENSEES under this LICENSE AGREEMENT. The royalty rate shall increase or decrease in accordance with the following formula as a result of changes in the COST OF GOODS made as a result of optimizing the formulation and bulk production of LICENSED PRODUCT:
Royalties Records and Reports. 3.1. During the term of this Agreement, unless sooner terminated, the Company shall pay to the University, in the manner hereinafter provided, earned royalties at the rate of five percent (5%) of the Net Sales Price of all Licensed Product(s) sold by the Company and its Sublicensee(s), anywhere in the world.
Royalties Records and Reports. 3.1. During the term of this Agreement, unless sooner terminated, the Company shall pay to the University, in the manner hereinafter provided, earned royalties at the rate of five percent (5%) of the Net Sales Price of all Licensed Product(s) sold by the Company and its Sublicensee(s), anywhere in the world. Commencing with the calendar year of the First Commercial Sale by the Company, the Company shall pay to the University a minimum royalty under this Section 3.1 of $10,000 in the first calendar year, $20,000 in the second calendar year and $30,000 in the third calendar year and every year thereafter, to the extent that this Agreement remains in effect and has not been terminated in accordance with the terms hereof.
Royalties Records and Reports. 3.01 - LICENSEE shall pay to LICENSOR a running royalty (i) during the term of this AGRREMENT up to the date on which the U.S. Patent and Trademark Office shall issue a patent in respect of the PATENT RIGHTS, at the rate of [Confidential Treatment Requested] percent ([Confidential Treatment Requested]%) of NET SALES of LICENSED PRODUCTS and (ii) during the terms of this Agreement from and after the date on which the U.S. Patent and Trademark Office shall issue a patent in respect of the PATENT RIGHTS at the rate of (Confidential Treatment Requested) percent ([Confidential Treatment Requested]%) of NET SALES of LICENSED PRODUCTS. If LICENSEE demonstrates through written records (i) that it has been necessary to license additional technology from third parties in order to commercialize the LICENSED PRODUCTS (the "NECESSARY TECHNOLOGY") and (ii) that such additional license for NECESSARY TECHNOLOGY obligates LICENSEE to pay royalties on NET SALES of LICENSED PRODUCTS such that the aggregates royalties on NET SALES due to third parties exceeds [Confidential Treatment Requested] percent ([Confidential Treatment Requested]%) of NET SALES, then LICENSEE shall be permitted to reduce the royalty due LICENSOR under this AGREEMENT by one-half of any such additional royalties payable to third parties in excess of [Confidential Treatment Requested] percent ([Confidential Treatment Requested]%] percent of NET SALES of LICENSED PRODUCTS; provided, however, in no case shall the royalty rate payable by LICENSEE to LICENSOR pursuant to this Section 3.01 from and after the date on which the U.S. Patent and Trademark Office shall issue a patent in respect of the PATENT RIGHTS, when reduced by any royalties due to third parties for NECESSARY TECHNOLOGY, be less than [Confidential Treatment Requested] percent ([Confidential Treatment Requested]%) of NET SALES.
