Royalty Reductions. (i) If one or more Generic Products to a Product is sold in any country in the Licensee Territory during the Royalty Term for such Product in such country, and [ * ], the royalty rates provided in Section 9.5(a) for such Product shall be reduced in such country by [ * ] percent ([ * ]%) [ * ].
Appears in 3 contracts
Samples: Collaboration and License Agreement (Exelixis, Inc.), Collaboration and License Agreement (Exelixis, Inc.), Collaboration and License Agreement (Exelixis, Inc.)
Royalty Reductions. (ia) If one or more Generic Products to a Product is sold in any country in the Licensee Territory during the Royalty Term for such Product in such country, and [ * Upon [***], the royalty rates provided payable on Net Sales of Licensed Products containing such Licensed Compound in Section 9.5(a) for such Product country shall be reduced by [***] for the remainder of the Royalty Term in such country by [ * ] percent ([ * ]%) [ * ]country.
Appears in 2 contracts
Samples: License Agreement (Spruce Biosciences, Inc.), License Agreement (Spruce Biosciences, Inc.)
