Royalty Term definition

Royalty Term has the meaning set forth in Section 8.4(b).

Royalty Term has the meaning set forth in Section 6.5(b).

Royalty Term shall have the meaning set forth in Section 4.9.

Examples of Royalty Term in a sentence

• Upon expiration of the applicable Royalty Term for a Licensed Product in any country in the Territory, the licenses granted from Innate to Takeda in Section 2.1 (License Grant to Takeda) with respect to such Licensed Product, in such country will become fully paid, irrevocable, and perpetual.

• On an Antibody Product-by-Antibody Product and country-by-country basis, if, during any Calendar Quarter prior to the expiration of the Antibody Product Royalty Term for a given Antibody Product in a given country, there is no Valid Claim of a Royalty-Bearing Patent Right that Covers such Antibody Product in such country, then the Antibody Product Royalties owed for such Antibody Product in such country will be reduced by .

• On a Covered Product-by-Covered Product and country-by-country basis, if, during any Calendar Quarter prior to the expiration of the Covered Product Royalty Term for a given Covered Product, there is no Valid Claim of a Method of Use Patent Right that Covers such Covered Product in such country in such country, then the Covered Product Royalties owed in such country will be reduced by .

• This Agreement will be effective as of the Effective Date and, unless terminated earlier, will continue on a country-by-country and Licensed Product-by-Licensed Product basis until the date on which (a) for a Licensed Product that is an Antibody Product, the Antibody Product Royalty Term for such Antibody Product has expired in such country or (b) for a Licensed Product that is a Covered Product, the Covered Product Royalty Term for such Covered Product has expired in such country (the “Term”).

• This Agreement shall commence on the Effective Date and, unless earlier terminated as provided herein, shall remain in effect, on a country-by-country basis, until the expiration of the Royalty Term for the Licensed Product in such country (the “Term”).

More Definitions of Royalty Term

Royalty Term shall have the meaning set forth in Section 7.3.

Royalty Term means, on a country-by-country and Licensed Product-by-Licensed Product basis, the period commencing on the First Commercial Sale of a Licensed Product in such country and continuing until the later of:

Royalty Term means, on a country by country basis, the time period from the first Sale of Licensed Product in the Licensed Field of Use in the country within the Licensed Territory (or the corresponding first sale by a sublicensee of Alimera) and ending, on a country by country basis, on the later of (a) ten (10) years after that date of such first Sale (or sale) of Licensed Product in such country or (b) the expiration of the last-to-expire Licensed Patent in such country.

Royalty Term has the meaning set forth in Section 4.3(d).

Royalty Term means, on a Product-by-Product and country-by-country basis, the term ending at the later of (i) ten (10) years after the First Commercial Sale of such Product in such country and (ii) the expiration of the last Program Patent Covering such Product.

Royalty Term means the period of time beginning on the first commercial sale of a Licensed Product in a given country and, expiring on a country-by-country basis with respect to each Licensed Product, upon the later of:

Royalty Term means, in the case of any Product, in any country, the period of time commencing on the First Commercial Sale and ending upon the later of (a) fifteen (15) years from the date of First Commercial Sale in such country; or (b) the expiration of the last-to-expire Patent resulting from the Research Program filed in the Field with claims covering that Product in the relevant country.