Royalty Term. The Product Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale of such Product in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Product Royalty Term”).
Appears in 3 contracts
Samples: Research and License Agreement (Zymeworks Inc.), Collaboration and Cross License Agreement (Zymeworks Inc.), Collaboration and Cross License Agreement (Zymeworks Inc.)
Royalty Term. The Product Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale of such Product in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Product Royalty Term”); provided that in the event of […***…], then the Royalty payable with respect to Product sales in such country shall be reduced by […***…] during the Royalty Term for so long as such […***…].
Appears in 3 contracts
Samples: Licensing and Collaboration Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.)
Royalty Term. The Product Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale of such Product in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Product Royalty Term”); provided that in the event of […***…], then the Royalty payable with respect to Product sales in such country shall be reduced by […***…] percent ([…***…]%) during the Royalty Term for so long as such […***…].
Appears in 2 contracts
Samples: Licensing and Collaboration Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.)
Royalty Term. The Product […***…] Royalty will be payable on a […***…] Product-by-by-[…***…] Product and country-by-country basis from First Commercial Sale of such […***…] Product in such country until (i) such […***…] Product is no longer Covered by a Valid Patent Claim within DS Patent Rights in such country or (ii) ten (10) years after the First Commercial Sale of such […***…] Product in such country, whichever is later (the “[…***…] Royalty Term” and, together with the Product Royalty Term, the “Royalty Term”).
Appears in 2 contracts
Samples: Collaboration and Cross License Agreement (Zymeworks Inc.), Collaboration and Cross License Agreement (Zymeworks Inc.)
Royalty Term. The Product Royalty will be payable on a Product-by-Product and country-by-country basis from First Commercial Sale of such Product in such country until (i) such Product is no longer Covered by a Valid Patent Claim in such country or (ii) ten (10) years after the First Commercial Sale of such Product in such country, whichever is later (the “Product Royalty Term”).
Appears in 2 contracts
Samples: Subscription Agreement (Zymeworks Inc.), Subscription Agreement (Zymeworks Inc.)
Royalty Term. The Product Royalty will be payable on a country-by-country and Product-by-Product and country-by-country basis from First Commercial Sale of such the Product in such country until and shall terminate upon the latest of: (ia) such Product is no longer being Covered by a Valid an Effective Patent Claim in such country country; (b) expiration of all data or (ii) ten (10) years after regulatory exclusivity ***Text Omitted and Filed Separately with the First Commercial Sale of such Product in such country, whichever is later (the “Product Royalty Term”).Securities and Exchange Commission. Confidential Treatment Requested Under
Appears in 1 contract
Samples: Collaboration and License Agreement (Dicerna Pharmaceuticals Inc)
