BUYOUT OF OTHER ROYALTY-BEARING PRODUCT ROYALTIES. ALZA shall have the option, in its discretion, at any time from and after the end of the twelfth full calendar quarter following the first commercial sale in each country of any Other Royalty-Bearing Product, to buy out its remaining obligation to make payments under Section 7.4 with respect to sales of such other Royalty-Bearing Product in such country. The buyout price shall be an amount equal to 15 times the payments made by or due to TDC from ALZA under Section 7.4 with respect to sales of such other Royalty-Bearing Product in such country during the four most recent calendar quarters preceding the date of exercise of the buyout option for which royalties were paid or were due in respect of such country. ALZA shall have the option, in its discretion, at any time from and after the end of the twelfth full calendar quarter following the first commercial sale of any Other Royalty-Bearing Product as to which payments are due under Section 7.4 in either the United States or two other Major Market Countries, to buy out its remaining worldwide obligations to make payments under Section 7.4 with respect to such Other Royalty-Beating Product. The buyout price shall be an amount equal to 20 times the payments made by or due to TDC from ALZA under Section 7.4 during the four most recent calendar quarters preceding the date of exercise of the buyout option for which royalties were paid or were due on a worldwide basis with respect to such Other Royalty-Bearing Product under Section 7.4 (and, in addition, such payments as would have been paid by or due from ALZA to TDC if ALZA had not exercised any country-specific buyout option with respect to such Other Royalty-Bearing Product) less any amounts previously paid to exercise any country-specific buyout option with respect to such Other Royalty-Bearing Product.
