Common use of Royalty Reductions Clause in Contracts

Royalty Reductions. (a) In the event Royalties are payable in any given country only on the basis of Section 8.2.3(c) above, then the Royalty otherwise payable for such Product in such country will be reduced in such country by [***].

Appears in 2 contracts

Samples: Patent Assignment and Licensing Agreement (Centrexion Therapeutics Corp), Patent Assignment and Licensing Agreement (Centrexion Therapeutics Corp)

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Royalty Reductions. (a) In the event Royalties are payable in any given country only on the basis of Section 8.2.3(c) 8.4.3 above, then the Royalty otherwise payable for such Product in such country will be reduced in such country by [***]*] (the “Reduced Royalty Rate”).

Appears in 2 contracts

Samples: License Agreement (Bison Capital Acquisition Corp.), License Agreement (Bison Capital Acquisition Corp.)

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Royalty Reductions. (a) In the event Royalties are payable in any given country only on the basis of Section 8.2.3(c) above[****], then the Royalty otherwise payable for such Product in such country will be reduced in such country by [***]*] (the “Reduced Royalty Rate”).

Appears in 1 contract

Samples: Patent Assignment and Licensing Agreement (Bison Capital Acquisition Corp.)

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