Royalty Term definition
Royalty Term has the meaning set forth in Section 8.4(b).
Royalty Term means the period commencing with the First Commercial Sale of the Licensed Product and continue until the expiration of the later of: (i) the last-to-expire Valid Patent Claim that would be infringed by the manufacture, use or sale of Licensed Product in the Territory; or (ii) the period of twenty (20) years following the First Commercial Sale of such Licensed Product in Territory.
Royalty Term means, [***], the time period beginning with the First Commercial Sale of such Product in such country and continuing until the later of: (a) the expiration of the last Valid Claim Covering the composition of matter or the method of making or using such Product included in a MacroGenics Patent licensed to Company under the Company License; (b) [***]; or (c) if Regulatory Exclusivity is granted with respect to such Product in such country, the expiration or termination of such Regulatory Exclusivity in such country.
Examples of Royalty Term in a sentence
Following the expiration of the applicable Royalty Term for a Product in a country, R▇▇▇▇▇▇▇’s licenses under this Agreement with respect to the Product in such country will continue in effect, but will become fully paid-up, royalty-free, freely transferable, perpetual and irrevocable.
This Agreement shall commence on the Effective Date and shall continue on a country-by-country basis until the expiration of the Royalty Term.
More Definitions of Royalty Term
Royalty Term has the meaning set forth in Section 6.5.2.
Royalty Term shall have the meaning set forth in Section 4.9.
Royalty Term has the meaning set forth in Section 3.5.
Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.
Royalty Term means, with respect to each Royalty-Bearing Product in each country in the Royalty-Bearing Territory, the period beginning on the date of First Commercial Sale of such Royalty-Bearing Product in such country and continuing until the later of (a) the last date on which the manufacture, use or sale of such Royalty-Bearing Product in such country would infringe a Valid Claim included in the Licensed Patent Rights but for the license granted hereunder, (b) ten (10) years from the date of the First Commercial Sale of such Royalty-Bearing Product in such country.
Royalty Term has the meaning set forth in Section 3.4 (Royalties).
Royalty Term means, with respect to a Product in a country, the period beginning on the First Commercial Sale of such Product in such country, and expiring on the later of: