Common use of Sublicense Payments Clause in Contracts

Sublicense Payments. For the rights, privileges and sublicense granted hereunder, SUBLICENSEE shall pay to TI during the term of this Agreement the following amounts: (a) A sublicense issue fee of [***] payable immediately upon signing of this Agreement. (b) Royalties as follows: (i) A royalty in an amount equal to [***] of the NET SALES by SUBLICENSEE of LICENSED PRODUCTS and LICENSED PROCESSES. In the event that a generic version of such LICENSED PRODUCT or LICENSED PROCESS is first marketed in the Territory, TI agrees to enter into discussions with SUBLICENSEE regarding potential renegotiation of this Agreement. In the event the LICENSED PRODUCT or LICENSED PROCESS does not utilize any peptide or antigen other than IL Ra2 the parties shall negotiate in good faith an increased royalty rate under this Paragraph 3.1(b)(i) that reflects the relative value of the contribution to such product or process by the intellectual property that has been licensed to SUBLICENSEE under this Agreement. (ii) [***] of all SUB-SUBLICENSING REVENUE.