Examples of Royalty Rates in a sentence
Licensee shall pay tiered royalties to Duality on Annual Net Sales of: (i) all Original ADC Licensed Products in the Territory in each Calendar Quarter as set forth below, in the first table in this Section 8.5, calculated by [***]; and (ii) any [***] or [***] at the Reduced Royalty Rates for each respective Annual Net Sales threshold, as set forth in the second or third table, as the case may be, in this Section 8.5, calculated by [***].
On a Licensed Product-by-Licensed Product and country-by-country basis, if there is no Valid Claim of a Licensed Patent Right Covering such Licensed Product in such country but such Licensed Product is still the subject of Regulatory Exclusivity in such country, then the Royalty Rates for Royalties due to Biotheus pursuant to Section 8.5(a) (Royalty Rates for Licensed Products) with respect to such Licensed Product in such country for such Calendar Quarter shall be reduced by [***].
The royalty payments made pursuant to this Section 8.5(a) (Royalty Rates for Licensed Products), the "Royalties" and the rates set forth in Table [***], the "Royalty Rates".
On a [***] basis, in no event will the royalty reductions for a Licensed Product permitted under Section [***] in relation to Improved Licensed Products, PM8003 Licensed Products and/or Preclinical Multispecific Licensed Products reduce the Royalties due to Biotheus for such Licensed Product pursuant to Section 8.5(a) (Royalty Rates for Licensed Products) in a country in a given [***] in the aggregate by [***] of the amount otherwise payable.