Royalty on Net Sales Clause Samples

Royalty on Net Sales. In partial consideration for any Exclusive Commercial License granted by Medarex, Celldex shall pay to Medarex a royalty on annual (based on a calendar year) aggregate worldwide Net Sales of Products on a Product-by-Product basis as follows: Portion of Annual Net Sales [*****] [*****] Portion of Annual Net Sales [*****] [*****] Portion of Annual Net Sales [*****] [*****]

Royalty on Net Sales. Licensee shall pay to TeneoBio a royalty of […***…] of Net Sales of all CAR Products during the applicable Royalty Term for each such CAR Product and country. Within […***…] days after the end of the first calendar quarter during which the First Commercial Sale of such CAR Product occurs, and within […***…] days after the end of each calendar quarter thereafter, Licensee shall deliver to TeneoBio, together with the applicable royalty payment due, a written report, on a country-by-country basis, of gross amounts invoiced, Net Sales and royalties payable for such CAR Product for such calendar quarter, including identification of each Selling Party, and showing Permitted Deductions taken.

Royalty on Net Sales. 1 of the CDC License is hereby amended by replacing the reference to “Section 6.6.2” at the end of Section 6.6.1 with a reference to “Section 6.6.6”.

Royalty on Net Sales. (a) In consideration for the performance of its obligations hereunder, Duramed shall be entitled to receive from Kos royalty payments (together "ROYALTY PAYMENTS") in an amount equal to: (i) Beginning April 1, 2005 and for the remainder of 2005, the Net Sales of the Products in a given calendar quarter up to the applicable quarterly net sales cap set forth on Appendix A (together the "QUARTERLY NET SALES CAPS") for such quarter multiplied by the applicable royalty rate as set forth on Appendix A (together the "ROYALTY RATES") for such Year; and (ii) thereafter throughout the Term, the aggregate Net Sales of the Products in a given Year up to the applicable annual net sales cap set forth on Appendix A (together the "ANNUAL NET SALES CAPS") multiplied by the applicable Royalty Rates. (b) The amount of each Royalty Payment shall be determined and paid on a calendar quarterly basis; provided, however, that with effect from January 1, 2006, in no event shall any such quarterly payment for the first, second or third calendar quarter in any Year exceed an amount equal to the applicable Quarterly Net Sales Cap for the Year multiplied by the applicable Royalty Rate for such Year. Kos shall provide Duramed with a written statement, as provided in Section 4.4(b), of the Net Sales for a calendar quarter and the amount of the Royalty Payment for such quarter within thirty (30) days following the end of each calendar quarter during a Year, except following the fourth calendar quarter of each Year. Within forty five (45) days following the end of the fourth calendar quarter of each Year, Kos shall provide Duramed with a written statement, as provided in Section 4.4(c), of the Net Sales for such fourth calendar quarter and the Net Sales for such entire Year. The Royalty Payment to be paid by Kos following the fourth calendar quarter of each Year shall be calculated by multiplying the Net Sales of the entire Year, up to the amount of the applicable Annual Net Sales Cap, by the applicable Royalty Rate and subtracting from such amount the aggregate amount of all Royalty Payments paid by Kos following the first three calendar quarters during such Year. (c) All Royalty Payments required to be paid by Kos shall be paid by Kos within ten (10) Business Days following Kos' delivery of the written statement of the Net Sales and Royalty Payment amount for a calendar quarter. In the event either Party elects to terminate the Agreement pursuant to Section 3.2, a pro-rated quarterly Ro...

Royalty on Net Sales. On a ***, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall pay to Palatin royalties on the Net Sales of Product in each country in the Territory ***: (ii) the date that is the *** of the Effective Date; and (iii) the date that is the *** of the First Commercial Sale.

Royalty on Net Sales. Ceres shall pay to CUTS an earned royalty on Net Sales on a product-by-product and country-by-country basis. Earned royalties shall accrue in each country for the duration of CUTS Patent Rights covering such HAP-1 Product in that country. Ceres shall pay royalties to CUTS on Net Sales from the first date of commercial introduction of a HAP-1 Product, which royalty shall be A. A is defined as follows: the lesser of [***] percent ([***]%) or (W/X)(MRNS); where X shall be the total number of Technological Elements in the HAP-1 Product; W is the sum of one half of the number of Technological Elements contributed to the HAP-1 Product which are jointly owned by CUTS and Ceres plus the total number of Technological Elements contributed to the HAP-1 Product solely by CUTS; and, MRNS shall be the maximum royalty on Net Sales, which is [***] percent ([***]%). The Parties further agree to negotiate in good faith for another royalty rate in the event of substantial market considerations.

Royalty on Net Sales. Licensee shall pay to Foundation a nonrefundable and non-recoverable Royalty on Net Sales of Sublicensees, subject to Section 3.5(d): (i) at a Royalty Rate of four percent (4%) on Net Sales of Patented Product of Sublicensee, its Designees and their Affiliates; and (ii) at a Royalty Rate equal to one-half the Base Royalty Rate on Net Sales of Other Product of Licensee, Designees and their Affiliates.

Royalty on Net Sales. Licensee shall pay Harvard an amount equal to (i) [XXX] of Net Sales with respect to the first [XXX] of cumulative Net Sales, and (ii) [XXX] of Net Sales with respect to cumulative Net Sales in excess of [XXX].

Royalty on Net Sales. In partial consideration for the rights and licenses granted hereunder, Licensee shall pay Harvard royalties on Net Sales as follows: 4.3.1 an amount equal to [**] percent ([**]%) of Net Sales until achieving cumulative aggregate Net Sales of [**] U.S. Dollars (US $[**]); 4.3.2 an amount equal to [**] percent ([**]%) of Net Sales while the cumulative aggregate of Net Sales is greater than [**] U.S. Dollars (US $[**]) but less than [**] U.S. Dollars (US $[**]); and 4.3.3 an amount equal to [**] percent ([**]%) of Net Sales after achieving cumulative aggregate Net Sales of [**] U.S. Dollars (US $[**]) until the expiration or termination of the Term.