Royalty Minimum. Notwithstanding anything to the contrary in this Agreement, in no event will the applicable Royalty otherwise due to MeiraGTx in a Calendar Quarter be reduced by more than [***] due to the deductions contemplated in this Agreement (i.e., not below [***] for Clinical IRD Products and [***] percent ([***]%) for ▇▇▇▇▇▇▇ Research IRD Products); provided, however, that [***].
Appears in 2 contracts
Sources: Collaboration, Option and License Agreement (MeiraGTx Holdings PLC), Collaboration, Option and License Agreement (MeiraGTx Holdings PLC)