Royalty Rates. Purchaser shall pay to Seller Royalty Payments of (i) [*] percent ([*]%) of annual worldwide Net Sales of the Product made directly by Purchaser or its Affiliates and (ii) [*] percent ([*]%) of annual worldwide Net Sales of the Product made directly or indirectly by Purchaser’s Sublicensees.
Appears in 4 contracts
Samples: Asset Purchase Agreement (ContraVir Pharmaceuticals, Inc.), Asset Purchase Agreement (ContraVir Pharmaceuticals, Inc.), Asset Purchase Agreement (Synergy Pharmaceuticals, Inc.)
Royalty Rates. (a) Purchaser shall pay to Seller Royalty Payments royalties as a percentage of (i) [*] percent ([*]%) the aggregate Net Sales of annual worldwide Products that are sold commercially by or under authority of Purchaser or its Affiliates or Licensees, such royalties at the following rates: Aggregate Net Sales of the Product made directly by Purchaser or its Affiliates Products During a Calendar Year Royalty Rate Portion up to and (ii) including $[*] percent ([*]%) % of annual worldwide such Net Sales Portion above $[*] up to $[*] [*]% of the Product made directly or indirectly by Purchaser’s Sublicensees.such Net Sales Portion above $[*] [*]% of such Net Sales
Appears in 2 contracts
Samples: Asset Purchase Agreement (Combinatorx, Inc), Asset Purchase Agreement (Combinatorx, Inc)
