Anti-Stacking definition

Anti-Stacking means that if (a) Company becomes obligated to pay royalties to third parties for technology necessary to develop or manufacture a Licensed Product and (b) the aggregate royalty rate owed by Company to all parties (including Cornell) to develop and manufacture the Licensed Product exceeds 150% of the Royalty Rate, then the Royalty Rate applicable to Cornell under this Agreement for such Licensed Product will be reduced pro rata if, and only if, all third party royalty rates are also reduced (during the time period when such third party royalties are due) pro rata, based on the respective applicable royalty rates for each such license, subject to the royalty floor specified in the definition of Royalty Rate in this Glossary.
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Anti-Stacking means that if (a) Company becomes obligated to pay royalties to third parties for technology necessary to develop or manufacture a Licensed Product and (b) the aggregate royalty rate owed by Company to all parties (including Cornell) to develop and manufacture the Licensed Product exceeds 150% of the Royalty Rate, then the royalty rate applicable to Cornell under this Agreement for such Licensed Product will be reduced pro rata if and only if, all third party royalty rates are also reduced pro rata. In no event, however, will the Royalty Rate applicable to Cornell under this Agreement for a Licensed Product be reduced to less than 50% of the Royalty Rate selected by Company in Item L. A reduction of the Royalty Rate for one Licensed Product will not affect the Royalty Rate for another Licensed Product.
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Examples of Anti-Stacking in a sentence

  • Select only one box: 2% of Net Sales without Anti-Stacking 3% of Net Sales with Anti-Stacking Select only one box: Pass through royalty, then 15% of other Sublicense Income Company receives No pass through royalty, then 25% of all Sublicense Income Company receives Pass through royalty means the same royalty rate selected in Item L will apply to all Net Sales for which a sublicensee of Company is the seller when computing the royalty due to Cornell.

  • On a Licensed Product-by- Licensed Product basis, subject to Section II(d)(ii) (Anti-Stacking), INNOCOLL may deduct from the [***] otherwise [***] pursuant to Section II(a) (Royalty Payments) with respect to such [***] with respect to such [***].

  • For avoidance of doubt, no reduction will be made under this Section 4.8 (Anti-Stacking) for amounts payable by Genzyme with respect to an Existing In-License Agreement pursuant to Section 3.3.2.

  • Your renewal policy will contain an Anti-Stacking Endorsement, which caps payments for covered claims, related claims, or occurrences that are also covered by another Hiscox policy to the highest available limit under any one policy.

  • For the benefit of clarity, the Parties agree that the definition or calculation of Net Sales contained in any Sublicense Agreement shall be entitled the [***] set forth in Section 1b and Royalty Anti-Stacking Adjustment set forth in Section 4b(iii)(B) hereof.

  • Licensee shall be entitled [***] but for such Maximum Anti-Stacking Reduction.

Related to Anti-Stacking

  • Polystyrene foam adhesive means an aerosol adhesive designed to bond polystyrene foam to substrates.

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  • Cannabis means all parts of the plant Cannabis sativa Linnaeus, Cannabis indica, or Cannabis ruderalis, whether growing or not; the seeds thereof; the resin, whether crude or purified, extracted from any part of the plant; and every compound, manufacture, salt, derivative, mixture, or preparation of the plant, its seeds, or resin. “Cannabis” also means the separated resin, whether crude or purified, obtained from cannabis. “Cannabis” does not include the mature stalks of the plant, fiber produced from the stalks, oil or cake made from the seeds of the plant, any other compound, manufacture, salt, derivative, mixture, or preparation of the mature stalks (except the resin extracted therefrom), fiber, oil, or cake, or the sterilized seed of the plant which is incapable of germination. For the purpose of this division, “cannabis” does not mean “industrial hemp” as defined by Section 11018.5 of the Health and Safety Code. Cannabis and the term “marijuana” may be used interchangeably.

  • Propagation means the reproduction of Regulated Marijuana plants by seeds, cuttings, or grafting.

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