Common use of Valid Claim Products Clause in Contracts

Valid Claim Products. GNE or Roche shall pay Immunocore, on a Licensed Product-by-Licensed Product and country-by-country basis, and subject to the terms of Section 7.6.3 through 7.6.6, the following royalties on annual worldwide Net Sales of Licensed Products by GNE, Roche or their Sublicensees, which at the time of sale or supply, are Covered by a Valid Claim in the country in which such Licensed Product is sold: Annual Worldwide Net Sales (in US Dollars) Royalty Rate Percentage Up to [***]: [***] Portion equal to or greater than [***] and less than [***]: [***] Portion equal to or greater than [***] and less than [***]: [***] Portion equal to or greater than [***] and less than [***]: [***] Portion greater than [***]: [***]

Valid Claim Products. GNE or Roche its Sublicensees shall pay Immunocore, on a Licensed Product-by-Licensed Product and country-by-country basis, and subject to the terms of Section 7.6.3 13.5.2. through 7.6.613.5.7, the following royalties on annual worldwide Net Sales of Licensed Products by GNE, Roche or their GNE and its Sublicensees, which at the time of sale or supply, are Covered by a Valid Claim in the country in which such Licensed Product is sold: Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed. Annual Worldwide Net Sales (in US Dollars) Royalty Rate Percentage Up to [***]: [***] Portion equal to or greater than [***] and less than [***]: [***] Portion equal to or greater than [***] ]and less than [***]: [***] Portion equal to or greater than [***] ]and less than [***]: [***] Portion greater than [***]: [***]

Valid Claim Products. (a) GNE or Roche shall pay Immunocore, on a Licensed Product-by-Licensed Product and country-by-country basis, and subject to the terms of Section 7.6.3 Sections 13.5.2 through 7.6.613.5.7, the following royalties on annual worldwide aggregate Net Sales of a Licensed Products sold by GNE, Roche GNE or their its Sublicensees, which at the time of sale or supply, are Covered by a Valid Claim in the country in which such Licensed Product is sold: Annual Aggregate Worldwide Net Sales (in US Dollars) Tiered Royalty Rate Percentage Up to [***]: [***] Portion equal to or greater than [***] and less than [***]: [***] Portion equal to or greater than [***] and less than [***]: [***] Portion equal to or greater than [***] and less than [***]: [***] Portion greater than [***]: [***]