Common use of Royalty Reduction Clause in Contracts

Royalty Reduction. If Licensed Product is royalty-bearing only on account of Section 4.3(b)(ii), then the royalty rates set forth in Section 4.3(a) with respect to Net Sales attributable to Licensed Product will be reduced by [***].

Appears in 12 contracts

Samples: License Agreement (2seventy Bio, Inc.), License Agreement (2seventy Bio, Inc.), License Agreement (Bluebird Bio, Inc.)

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Royalty Reduction. If Licensed a Product is royalty-bearing only on account of Section 4.3(b)(ii8.5(b)(iii), then the royalty rates set forth in Section 4.3(a8.5(a) with respect to Net Sales attributable to Licensed such Product will be reduced by [***].

Appears in 6 contracts

Samples: Collaboration and License Agreement, Collaboration and License Agreement, Collaboration and License Agreement (Moderna, Inc.)

Royalty Reduction. If Licensed Product is royalty-bearing only on account of Section 4.3(b)(ii11.3(b)(ii), then the royalty rates set forth in Section 4.3(a11.3(a) with respect to Net Sales attributable to Licensed Product will be reduced by [***].

Appears in 4 contracts

Samples: Share Agreement (2seventy Bio, Inc.), Share Agreement, Share Agreement (Bluebird Bio, Inc.)

Royalty Reduction. If Licensed Product is royalty-bearing only on account of Section 4.3(b)(ii11.3(b)(ii), then the royalty rates set forth in Section 4.3(a11.3(a) with respect to Net Sales attributable to Licensed Product will be reduced by [***].

Appears in 3 contracts

Samples: License Agreement (Bluebird Bio, Inc.), License Agreement (Bluebird Bio, Inc.), License Agreement (Bluebird Bio, Inc.)

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Royalty Reduction. (a) If Licensed Product is royalty-bearing only on account of Section 4.3(b)(ii5.1(b)(ii), then the royalty rates rate set forth in Section 4.3(a5.2(a) with respect to Net Sales attributable to Licensed Product will be reduced by [***] ([***].); and

Appears in 1 contract

Samples: License Agreement (Axonics Modulation Technologies, Inc.)

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