Royalty Rebate definition
Royalty Rebate means the rebate of 50per cent of the relevant royalty payment after the receipt of each quarterly royalty payment by the Department.
Examples of Royalty Rebate in a sentence
The Royalty Rebate shall not affect the Basic Royalty computation.
For example, applying the figures of Section 5.3, if the SRR is [*] namely [*] and if the Net Sales for the same Marketing Year in countries where Substantial Competition exists totals [*], then the Royalty Rebate is [*] and the total royalty to be paid by Lundbeck for such Marketing Year shall be [*].