Royalty Rate. Subject to the other terms of this Section 9.5, during the Royalty Term, Licensee shall make quarterly non-refundable, non-creditable royalty payments to Exelixis on the annual Net Sales of all Products sold in the Licensee Territory at the applicable rate set forth below: Annual Net Sales of all Products in the Licensee Territory Royalty Rate Portion less than or equal to $[ * ] 22% Portion greater than $[ * ] and less than or equal to $[ * ] [ * ]% Portion greater than $[ * ] 26%
Appears in 4 contracts
Samples: Collaboration and License Agreement (Exelixis, Inc.), Collaboration and License Agreement, Collaboration and License Agreement (Exelixis, Inc.)
