Royalty Period. The royalty set forth in Section 7.1 will be payable during a period which shall commence on the Effective Date and shall continue on a country-by-country, Product-by- Product basis, for the longer of: (a) fifteen (15) years from the date of the First Commercial Sale of such Product in such country; and (b) until the last to expire of the Ramot Patents or Joint Patents in such country (the "Royalty Period").
Royalty Period. The royalty payments set forth above shall be payable for each Licensed Product on a product-by-product and country-by- country basis from the time of First Commercial Sale of Licensed Product in such country until the later of: (a) ten (10) years from the time of First Commercial Sale of Licensed Product in such country; or (b) until the last-to-expire or -lapse of Patent Rights containing a Valid Claim with respect to the Active Compound which is an ingredient of such Licensed Product in such country.
Royalty Period. Licensee’s obligation to pay royalties to GenuPro under Section 5.03 shall begin, on a country by country basis, upon the date of the First Commercial Sale in such country of such Licensee’s Licensed Product and shall end upon termination of sale of the Licensed Product in such country.
Royalty Period. Commencing on the date of the closing of the Offering and ending upon the expiration of copyright.
Royalty Period. PII’s obligation to pay royalties to RBX under Section 5.04 shall apply on a Licensed Product-by-Licensed Product basis and shall begin, on a country by country basis, upon the date of the First Commercial Sale in such country of such Licensed Product and shall end upon termination of sale of the Licensed Product in such country.
Royalty Period. (a) In respect of Products for which a royalty is due, Xxxxxxx'x obligation to pay royalties to Rigel shall be for a period of ten (10) years, on a Product-by-Product basis, from the Date of First Sale of each such Product.
Royalty Period. The obligation to pay royalties under Section 5.1 -------------- shall continue for the following periods:
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Royalty Period. Xxxxxxxx’x obligation to pay to Palomar royalties pursuant to Section 6.1(f)(i) shall commence on the date of First Commercial Sale of a Female Product and terminate on a Female Product-by-Female Product and country-by-country basis on the date of the last to expire of any Valid Claim of a Palomar Patent or Joint Patent in such country covering the Manufacture, sale, offer for sale, importation or use of such product.
Royalty Period. The royalty payments set forth in Section 4.2 shall be payable on a country-by-country basis from the date of First Commercial Sale of such Itraconazole Product in such country until the later of: (a) [**] years from the date of First Commercial Sale of such Itraconazole Product in such country; or (b) until the last to expire of any Valid Claim of an Itraconazole Patent Right in such country. During the period of time, if any, from the last to expire of any Valid Claim of an Itraconazole Patent Right in a country and the [**] anniversary of the date of First Commercial Sale of such Itraconazole Product in such country, the royalty rate shall be reduced by [**] percent ([**]%).
