Minimum Royalty Rate definition
Minimum Royalty Rate means with respect to Net Sales of the applicable Licensed Products described in Section 6.3(c) or 6.4:
(i) Genentech shall pay a royalty of [***] for the portion of Aggregate Annual Worldwide Net Sales of all such Licensed Products of the same type that is less than or equal to $[***].
(ii) Genentech shall pay a royalty of [***] for the portion of Aggregate Annual Worldwide Net Sales of all such Licensed Products of the same type that is greater than $[***] and less than or equal to $[***]. * Confidential treatment requested: material has been omitted and filed separately with the Commission. GENENTECH CONFIDENTIAL
(iii) Genentech shall pay a royalty of [***] for the portion of Aggregate Annual Worldwide Net Sales of all such Licensed Products of the same type that is greater than $[***].
Minimum Royalty Rate shall have the meaning as defined in Section 7.3.2(e)
Minimum Royalty Rate means twenty-five percent (25%) of the total royalties that Talent would receive if the Work constituted the Entire Story Content of a publication or the sole material on which a Retail Product is based. In the event DC obtains Talent's consent hereunder, DC shall pay Talent a royalty calculated in accordance with paragraph 5(a) above.
Examples of Minimum Royalty Rate in a sentence
If a Product is not Covered by a Valid Claim of a Patent and there is Substantial Competition in a country with respect to such Product in a calendar year, each Royalty Rate, including each Minimum Royalty Rate, shall be reduced for Net Sales in such country by [ * ].
More Definitions of Minimum Royalty Rate
Minimum Royalty Rate means the sum specified as such in the First Schedule.
Minimum Royalty Rate. (pound)[confidential information filed separately with the Securities and Exchange Commission] net of VAT in respect of the total value of all orders submitted at the same time relating to any one Customer.
Minimum Royalty Rate means the greater of (i) [***]% of Net Sales or (ii) [***]% plus [***] in connection with such Net Sales.
Minimum Royalty Rate means the greater of (i) [***]% of Net Sales or (ii) [***]% plus [***] in connection with such Net Sales. 1.33 “NDA” means a New Drug License approval application, as defined in the Act, and the regulations promulgated thereunder. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.