Royalty Payment Obligations. (Section 4.1) • Royalties of [**]% of Net Sales of Licensed Products and Licensed Processes are due within [**] days of the end of each calendar quarter. • If Alnylam or an Affiliate is legally required to pay royalties to one or more third parties in order to obtain a license or similar right necessary to practice the Patent Rights, Alnylam shall be entitled to a credit up to [**] percent ([**]%) of the amounts payable to such third parties against the royalties due to MIT for the same Reporting Period; provided, however, that (i) in no event will royalties due to MIT under Section 4.1(c), when aggregated with any other offsets and credits allowed under the MIT Agreement, be less than [**]% of Net Sales in any Reporting Period, and (ii) royalties due to third parties with respect to [**] patents (see Appendix B to MIT Agreement) shall not qualify for purposes of the offset against royalties under Section 4.1(d). • Multiple royalties are not due if the manufacture, use, lease, or sale of any Licensed Product or the performance of any Licensed Process is covered by more than one of the Patent Rights.
Royalty Payment Obligations. The amounts provided as payable to the Composer by InStyle as Royalties hereunder are inclusive of all fees and royalties becoming due to all contributors to the Assigned Works, including without limitation all writers, composers, producers, artists and/or performers of the Assigned Works (collectively, the “Contributors”) (other than the so-called “writer’s share” of public performance income). InStyle shall have no obligation to account for or to pay any royalties, fees or compensation of any kind, if any, to the Contributors of the Assigned Works and such accounting and payments shall be the sole and exclusive obligation of the Composer.
Royalty Payment Obligations. During the term of this Agreement, TIGM shall pay Lexicon a royalty of ten percent (10%) of [**] (subject to a minimum royalty in the amount of ten thousand dollars ($10,000), on a Sublicensed Recipient-by- Sublicensed Recipient and line-by-line basis, with respect to the sale or licensing to each Sublicensed Recipient of Materials derived from a line of Mutant Mice), which royalty shall be payable within thirty (30) days after the end of the calendar quarter in which such [**] are received. Notwithstanding the foregoing, to the extent that TIGM is obligated to pay Lexicon a royalty on [**] with respect to such Materials under the Sublicense Agreement of even date herewith between Lexicon and TIGM (e.g., in the event that the Materials consist of Progeny derived both from a line of Mutant Mice and from mice made under the Sublicense Agreement), subject to TIGM's payment of such royalty under the Sublicense Agreement, TIGM shall not be obligated to pay the royalty set forth in this Section 4.3.1 with respect to the same [**].
Royalty Payment Obligations. The amounts provided as payable to the Composer by InStyle as Royalties hereunder are inclusive of all fees and royalties becoming due to Composer, including without limitation all fees and royalties for Composer as a writer, composer, producer, artist and/or performer of the Works (other than the so-called “writer’s share” of public performance income). InStyle shall have no obligation to account for or to pay any royalties, fees or compensation of any kind, if any, to Composer otherwise, nor to any third party contributors of the Works, and such accounting and payments shall be the sole and exclusive obligation of the Composer.
