Common use of Term of Royalties Clause in Contracts

Term of Royalties. Exelixis' right to receive royalties under Section 7.5 shall expire on a country-by-country basis upon the later of (i) [ * ] from the first commercial sale of such Product in such country, or (ii) expiration of the last to expire Patent in such country [ * ]. If (ii) occurs prior to (i), then P&U's royalty payments under Section 7.5 shall be [ * ] for the remainder of such [ * ] period following the expiration of such last to expire Patent.

Term of Royalties. Exelixis' ’ right to receive royalties under Section 7.5 8.3 shall expire on a country-by-country and Product-by-Product basis upon the later of of: (ia) [ * ]; or (b) [ * ] from (the first commercial “Royalty Term”). Upon the expiration of the Royalty Term with respect to a Product in a country, BMS shall have a fully-paid-up perpetual license under Section 7.1(c) for the making, using, selling, offering for sale and importing of such Product in such country, or (ii) expiration of the last to expire Patent in such country [ * ]. If (ii) occurs prior to (i), then P&U's royalty payments under Section 7.5 shall be [ * ] for the remainder of such [ * ] period following the expiration of such last to expire Patent.

Term of Royalties. Exelixis' ’ right to receive royalties under Section 7.5 7.4 shall expire on a country-by-country basis upon the later of (i) [ * ] from the first commercial sale of such BMS Product in such country, or (ii) expiration of the last to expire Patent patent or patent application in such country [ * ]. If (ii) occurs prior to (i)Controlled by Exelixis or BMS claiming the BMS Product or Collaboration Compound contained therein or the manufacture, then P&U's royalty payments under Section 7.5 shall be [ * ] for the remainder use or sale of such [ * ] period following the expiration of such last to expire PatentBMS Product or Collaboration Compound.

Term of Royalties. Exelixis' right to receive royalties under Section 7.5 shall expire on a country-by-country basis upon the later of (i) [ * ] fifteen years from the first commercial sale of such Product in such country, or (ii) expiration of the last to expire Patent in such country [ * ]. If (ii) occurs prior to (i), then P&U's royalty payments under Section 7.5 shall be [ * ] for the remainder of such [ * ] fifteen-year period following the expiration of such last to expire Patent.

Term of Royalties. Exelixis' right to receive royalties under Section 7.5 7.4 shall expire on a country-by-country basis upon the later of (i) [ * ] from the first commercial sale of such BMS Product in such country, or (ii) expiration of the last to expire Patent patent or patent application in such country [ * ]. If (ii) occurs prior to (i)Controlled by Exelixis or BMS claiming the BMS Product or Collaboration Compound contained therein or the manufacture, then P&U's royalty payments under Section 7.5 shall be [ * ] for the remainder use or sale of such [ * ] period following the expiration of such last to expire PatentBMS Product or Collaboration Compound.

Term of Royalties. Exelixis' ’ right to receive royalties under Section 7.5 7.3 shall expire on a country-by-country and Product-by-Product basis upon the later of of: (ia) [ * ]; or (b) [ * ] from (the first commercial “Royalty Term”). Upon the expiration of the Royalty Term with respect to a Product in a country, BMS shall have a fully-paid-up perpetual license under Sections 6.1(a) and 6.1(b) for the making, using, selling, offering for sale and importing of such Product in such country, or (ii) expiration of the last to expire Patent in such country [ * ]. If (ii) occurs prior to (i), then P&U's royalty payments under Section 7.5 shall be [ * ] for the remainder of such [ * ] period following the expiration of such last to expire Patent.