Applicable Royalty definition

Applicable Royalty has the meaning set out in clause 9.5.1.
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Applicable Royalty means, with respect to each Product, the aggregate of the Manufacturing Royalty, Pass Through Royalty and Sales Royalty applicable thereto (if any).
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Applicable Royalty means the Base Royalty; provided, however, that in the case of any Net Sale of a Licensed Product which qualifies as a Licensed Product solely because it uses or incorporates Licensed Know-how, Applicable Royalty shall mean [*].
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Examples of Applicable Royalty in a sentence

  • If either party hereto desires to cause an audit or inspection by an independent public accounting firm under Section 8.4.1 of the Collaboration Agreement to be made for the purpose of determining the correctness of the Purchased Royalty and the Applicable Royalty, then the Seller and the Buyer agree to consult in good faith with each other in connection therewith.

  • Promptly (and in any event within […***…] days) following the sending of any written notice or correspondence (i) that is related to the Purchased Royalty, the Applicable Royalty, or Imdelltra Products in the ROW; or (ii) that would reasonably be expected (individually or in the aggregate) to have a Material Adverse Effect, the Seller shall furnish a true, correct and complete copy of the any such written notice or correspondence to the Buyer.

  • The Seller shall deliver to the Buyer a copy of the results of any inspection or audit conducted pursuant to Section 8.4.1 of the Collaboration Agreement within […***…] days following the Seller’s receipt thereof, with, if applicable, information redacted that the Seller reasonably determines is not relevant for determining the correctness of Purchased Royalty and the Applicable Royalty.


More Definitions of Applicable Royalty

Applicable Royalty means, for each calendar quarter commencing on or after […***…] and during the term of this Agreement, an amount equal to the amount of all Net Sales of Imdelltra Products by or on behalf of Amgen, its affiliates, licensees, sublicensees of licensees, assignees, or successors in interest of any of its rights in Imdelltra Products (each, a “Selling Party”) in the ROW during such calendar quarter multiplied by the Applicable Royalty Rate and the Applicable Percentage.
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Related to Applicable Royalty