Common use of Royalty Reductions Clause in Contracts

Royalty Reductions. (i) During the Royalty Term for a Product in a region in the Territory, subject to Section 9.4(c)(iv), the royalty rate applicable to Net Sales of such Product in such region shall be reduced by […***…] after the expiration of the last-to-expire Valid Claim in such region.

Royalty Reductions. (i) During the Royalty Term for a Product in a region in the Territory, subject to Section 9.4(c)(iv), the royalty rate applicable to Net Sales of such Product in such region shall be reduced by […***…] after the expiration of the last-to-expire Valid Claim in such region.

Royalty Reductions. (i) During the Royalty Term for Term, on a Product-by-Product in a region in the Territoryand Region-by-Region basis, subject to Section 9.4(c)(iv), the royalty rate applicable to Net Sales of such Product in such region shall be reduced by […***…] after the expiration of the last-to-expire Valid Claim in such region.

Royalty Reductions. (i) During the Royalty Term for a Term, on the Licensed Product-by-Licensed Product in a region in the Territoryand Region-by-Region basis, subject to Section 9.4(c)(iv8.4(c)(vi), the royalty rate applicable to Net Sales of such the Licensed Product in such region Region shall be reduced by […***…] after the expiration of the last-to-expire Valid Claim in such regionRegion.