Examples of Directly Competing Product in a sentence
In the event that a Directly Competing Product is sold by a third party in a particular country and such Directly Competing Product attains in such country a market share of more than ** of aggregate gross dollar sales of each Product in a calendar year then the applicable royalty rate in such country shall be reduced by **.
For clarity, the royalty rate payable to SurModics will not be reduced by more than ** and shall only be reduced with respect to the Product to which such Directly Competing Product relates.
During the Term, MEDINET shall not (and shall ensure that its Affiliates and Sublicensees shall not) Commercialize any Directly Competing Product.
Subject to Sections 2.7(b) and (c), during the Term, neither Party shall be free to [ * ] a Directly Competing Product.
Subject to Sections 2.7(b) and (c), during the Term, neither Party shall be free to [ * ] and/or [ * ] ([ * ] or [ * ], and either [ * ] or [ * ] a [ * ]) a Directly Competing Product.