Royalty Rate. In addition, LICENSEE shall pay SYSTEM a royalty on NET SALES of COMMERCIAL SEED of each HYBRID, which will be calculated in accordance with this Article 3.02.
Appears in 3 contracts
Samples: Ceres, Inc., Ceres, Inc., Ceres, Inc.
Royalty Rate. In addition, LICENSEE shall pay SYSTEM a royalty on NET SALES of COMMERCIAL SEED of each HYBRID, which will be calculated in accordance with this Article 3.02. Whenever a particular HYBRID, or for sublicensing purposes, a particular DERIVATIVE and/or NEW PARENTAL LINE is ready for commercial release, LICENSEE will notify SYSTEM thereof, and provide the applicable royalty rate based on the principles set forth in this Article 3.02 with information on the calculation of such rate.
Appears in 2 contracts
Samples: Intellectual Property Rights Agreement (Ceres, Inc.), Intellectual Property Rights Agreement (Ceres, Inc.)
