COMMODITY CROP definition
COMMODITY CROP means a crop which is a LICENSED PRODUCT that is planted on over [***] acres in each given country of the LICENSED TERRITORY in a given calendar year.
Examples of COMMODITY CROP in a sentence
Thus, for clarity, the adjusted SALES ROYALTY in Section 3.01(b) shall never be reduced below [***] percent ([***]%) for each LICENSED PRODUCT which is a NICHE CROP and [***] percent ([***]%) for each LICENSED PRODUCT which is a COMMODITY CROP.