Royalty Floor definition

Royalty Floor has the meaning set forth in Section 5.7.4.

Royalty Floor means [***];

Royalty Floor has the definition set forth in Section 11.7.3 (Cumulative Effect of Royalty Reductions).

Examples of Royalty Floor in a sentence

• Notwithstanding any multiple reductions that may be taken pursuant to this Article VII [***], in no event will the Royalty rates under this Agreement fall below, as applicable, the Royalty Rates of the Revised Royalty Floor set forth in Section 7.6.2(b), or [***] of the Royalty rates set forth in Section 7.4.1 in any Calendar Quarter pursuant to this Section 7.4.6. [***].

• Voyager will not voluntarily amend or terminate any Voyager In-License in a manner that would increase the royalty floor under Section 12.4.5 (Royalty Floor) or terminate rights sublicensed to Genzyme under this Agreement (or that would be sublicensed to Genzyme if Genzyme exercised an Option with respect to a Collaboration Product).

• Upon conclusion of such litigation, the Royalties due, above the Royalty Floor, on those Royalty Products sold during the period in which the litigation was on-going, shall be re-calculated having regard to the status of the Patent Rights licensed hereunder which are asserted and the funds held in escrow shall be distributed according to such re-calculation.

• Section 8.2.7 (Royalty Floor) shall survive any termination or expiration of this Agreement with respect to royalties accruing prior to such termination or expiration.

• In the event that a reduction would be permitted under this Section 5.7 but for the fact that such reduction would reduce the applicable royalties payable in accordance with Section 5.6.1 by more than the Royalty Floor, then Novartis may carry over such royalty reduction to payments payable hereunder with respect to any royalty payments owed in any future Calendar Quarter, in each case with such reduction continuing until all such amounts have been expended.

More Definitions of Royalty Floor

Royalty Floor has the meaning set forth in Section 8.4(h).

Royalty Floor equals [†] percent ([†]%) of the Valid Claim Royalty or the Technology Royalty, as applicable.

Royalty Floor has the meaning set forth in Section 8.8. [ * ] = Confidential treatment of certain confidential information contained in this document, marked by brackets, is being sought pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 16

Royalty Floor shall have the meaning set forth in Section 8.2.2(c).

Royalty Floor shall have the meaning provided in Section 4.5(a). ***Confidential Treatment Requested Sequenom-Optherion License Agreement – Confidential 6

Royalty Floor is defined in Section 7.3.3 (Royalty Reductions).

Royalty Floor is defined in Section 6.12.1(b).