Common use of Third Party Royalties Clause in Contracts

Third Party Royalties. If Company is legally required to make royalty payments to Medical School under any agreement other than this Agreement (the “Other Medical School Licenses”), or to one or more third parties in the same Royalty Period for which royalties are due under Section 4.5 or 4.7 in order for Company to make, use or sell Licensed Products or have its sublicense make, use, or sell Licensed Products:

Third Party Royalties. If Company is legally required to make royalty payments to the Medical School or payments to the Medical School based on income it receives from Sublicensees under any agreement other than this Agreement (the “Other Medical School Licenses”), ) or to one or more third parties in the same Royalty Period for which royalties are due under Section 4.5 or 4.7 in order for Company to make, use or sell Licensed Products or have its sublicense make, use, or sell Licensed Products:Products or to perform Licensed Services, Company may offset a total of fifty percent (50%) of royalty payments that are made to the Medical School under Other Medical School Licenses or to third- parties against any payments that are due to Medical School under Section 4.5 or 4.7 in the same Royalty Period according to the following guidelines.