Royalty Minimum. Notwithstanding the foregoing, in no event will the Royalties due to Pieris in a Calendar Quarter be reduced by more than [***] percent ([***]%) of the amount that would otherwise be due hereunder.
Appears in 2 contracts
Sources: Non Exclusive Anticalin® Platform Technology License Agreement (Pieris Pharmaceuticals, Inc.), Non Exclusive Anticalin® Platform Technology License Agreement (Pieris Pharmaceuticals, Inc.)
Royalty Minimum. Notwithstanding the foregoingforegoing but subject to Section 9.7.3, in no event will the Product Royalties due to Pieris in a Calendar Quarter be reduced by more than [***] percent ([***]%) of the amount that would otherwise be due hereunder.
Appears in 2 contracts
Sources: License & Collaboration Agreement (Pieris Pharmaceuticals, Inc.), License & Collaboration Agreement (Pieris Pharmaceuticals, Inc.)