Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number] percent (#%) of NET SALES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 3 contracts
Samples: Patent License Agreement, Patent License Agreement, Patent License Agreement
Running Royalties. (i) COMPANY shall pay to M.I.T. a running royalty of [number**] percent (#[**]%) of NET SALES, except on certain sales in DEVELOPING COUNTRIES as set forth in Section 4.1(d)(ii) below. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 2 contracts
Samples: Patent License Agreement (Visterra, Inc.), Patent License Agreement (Visterra, Inc.)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number***] percent (#%) of NET SALESSALES of LICENSED PRODUCTS. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) [***] days of the end of each REPORTING PERIOD.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (BIND Therapeutics, Inc), Exclusive Patent License Agreement (BIND Therapeutics, Inc)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number***] percent (#[***]%) of NET SALESSALES by COMPANY, AFFILIATES and SUBLICENSEES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) [***] days of the end of each REPORTING PERIOD.
Appears in 2 contracts
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number**] percent (#[**]%) of NET SALESSALES by COMPANY, AFFILIATES and SUBLICENSEES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Samples: License Agreement (Visterra, Inc.)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number] three percent (#3%) of NET SALES or ADJUSTED NET SALES, as appropriate, by COMPANY, AFFILIATES and SUBLICENSEES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty ninety (6090) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number*** Redacted] percent (#%) of NET SALESSALES by COMPANY and AFFILIATES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number***] percent (#%) of NET SALESSALES by COMPANY and AFFILIATES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 1 contract
