Common use of Term of Royalty Payments Clause in Contracts

Term of Royalty Payments. Royalty payments shall continue to accrue and be payable with respect to P&U Sales of Products and will automatically expire on a country-by-country and Product-by-Product basis upon the earlier to occur of (a) or (b), where:

Term of Royalty Payments. Royalty payments shall continue to accrue and be payable with respect to P&U Net Sales of Products and will automatically expire on a country-by-country and Product-by-Product basis upon on the earlier to occur later of (ai) [*] from first commercial sale of a Product in any country or (b), where:ii) the expiration (or revocation) of the last to expire (or be revoked) of the Valid Claims in such country with respect to a Product.