Savory Beverages definition
Savory Beverages means [***].
Examples of Savory Beverages in a sentence
Such royalty structure shall include (i) a structure similar to the royalty structure currently set forth in Section 7.3(A) (B) and (C) of the Agreement; and (ii) a royalty rate of no greater than [***] of Net Sales of ▇▇▇▇▇▇▇▇ product, in the Savory Beverages Field, incorporating a Product Compound.
In exchange for the Option Payment set forth in Section 7.1, as amended, ▇▇▇▇▇▇▇▇ will have an exclusive 60 day option to use its best efforts to negotiate for the right to expand the Field in the Agreement to include Savory Beverages (the "Option").
If the parties are unable to mutually agree on royalty terms for the Savory Beverages field within the 60 day period, the Savory Beverages field shall revert back to Senomyx.