Royalty Termination Sample Clauses
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Royalty Termination. The royalty obligation of BDSI under this Agreement shall immediately terminate at any time if annual Net Sales of Product equals less than seven million five hundred thousand dollars ($7,500,000.00) in any calendar year following the third (3rd) anniversary of initial launch of the Product and CDC receives eighteen thousand seven hundred fifty dollars ($18,750.00) in three (3) consecutive quarters as payment for CDC’s one percent (1%) royalty on worldwide annual Net Sales of the Product during such calendar year.
Royalty Termination. Upon payment of the Option Fee and the Exercise Fee described in Section 2 above, Infinity’s obligation to pay Royalties with respect to the IPI-145 Product(s) in oncology Indications shall terminate. Notwithstanding the foregoing, (a) the Royalty Term(s) for the IPI-145 Product(s) will be unaffected by Infinity’s exercise of the Option and will, for the avoidance of doubt, continue, on a Royalty-Bearing Product-by-Royalty-Bearing Product and country-by-country basis, except for Infinity’s obligation to pay Royalties with respect to the IPI-145 Product(s) in oncology Indications, (b) the IPI-145 Product(s) will continue to constitute a Royalty-Bearing Product(s), as defined in Article 1 of the Agreement, and for all other purposes in the Agreement, except for Infinity’s obligation to pay Royalties with respect to the IPI-145 Product(s) in oncology Indications, and (c) the provisions of Section 9.2(b) shall continue to apply to the IPI-145 Product(s), on a Royalty-Bearing Product-by-Royalty-Bearing Product and country-by-country basis.
Royalty Termination. 7.1 Amoco shall notify ▇▇▇▇▇▇ of any claim of UPRC, acting as Lessor of all or part of the Subject Lands, that royalty has not been paid, whereupon ▇▇▇▇▇▇ shall have sixty (60) days from receipt of such notice to make the royalty payment. In the event the payment is not timely made and ▇▇▇▇▇▇'▇ reasons for withholding payment are not bona fide, ▇▇▇▇▇▇ shall be deemed to have relinquished and shall, within thirty (30) days of the termination of the above sixty (60) day period, execute and deliver a reassignment of its interest in that portion of the Subject Lands subject to UPRC's claim (including the wellbore, the equipment appurtenant thereto and production therefrom, if said wellbore is located on UPRC Lands) free and clear of any burden or encumbrance created by, through or under ▇▇▇▇▇▇.
Royalty Termination. Upon expiration of the last Licensed Patents covering a particular Licensed Product in a particular country, a royalty will be payable on Technical Information for the remainder of the Royalty Term , which royalty payment will expire after the expiration of Market Exclusivity in such country.
Royalty Termination. After the payment of all Milestone Payments and Royalties due and payable through the end of the Royalty Period, Purchaser shall have no further obligation to make any payments to Seller under Section 3.1(b) or (c).