Royalty Products definition

Royalty Products means a kit designed, developed, manufactured, or sold by Licensee or its Affiliates or its Distributors comprising “Licensed Technology” in each case the design, development, manufacture, use, sale, offer for sale, provision, or import of which would be, but for the License, an infringement of a Valid claim of the Patent Rights.

Royalty Products means [***], as applicable.

Royalty Products means one of the following, as applicable:

Examples of Royalty Products in a sentence

• Subject to the terms of Articles 3.1.2, 3.1.3 and 3.1.4, the royalties set forth in this Article 3 are additive as to each AVC Royalty Product Sold to the extent that individual royalties specified in subsections 3.1.1 through 3.1.7 are applicable thereto including, without limitation, when multiple such AVC Royalty Product(s) are included in a single product which is Sold.

• Monsanto shall calculate royalties on Net Sales of Royalty Products semi-annually on the last day of February and August 31 of each year (each of which being the last day of an “Accounting Period”), and subject to Section 5.10, shall pay royalties on such Net Sales within the [**] days after the end of each Accounting Period in which such Net Sales occur.

• Until the [***] anniversary of the Effective Date, if either Party wishes to make any formal press release regarding the development of any Royalty Products, the Parties will, acting reasonably and in good faith, agree the terms of the publicity statement.

• Upon conclusion of such litigation, the Royalties due on those Royalty Products sold during the period in which the litigation was on-going, shall be re-calculated (based on the final outcome of the patent position, status of Regulatory Exclusivity available and Know-How Period as at the conclusion of the litigation) and the funds held in escrow shall be distributed according to such re-calculation.

• If Exelixis declines to designate a Licensed Product as a Profit Share Product within [ * ] days after receipt of Genentech’s notice, then that Licensed Product, [ * ] are not subject to further election or designation as Profit Share Products, and will be Royalty Products for the remainder of the term of this Agreement.

More Definitions of Royalty Products

Royalty Products means any [REDACTED] product sold by Purchaser, its Affiliates or either of their licensees.

Royalty Products means Licensed Products sold or marketed by Licensee, its Affiliates or Sublicensees under trade names, trademarks or product names licensed under this Agreement.

Royalty Products mean products sold by USSC and by any AFFILIATE and/or sublicensee which are either (a) LICENSED PRODUCTS and/or a LICENSED PROCESS which are covered by one or more valid, enforceable patent claims in or which issue on or from the PATENTS or IMPROVEMENT PATENTS; or (b) LICENSED PRODUCTS and/or a LICENSED PROCESS which are covered by one or more valid, enforceable patent claims in or which issue on or from the PATENTS or IMPROVEMENT PATENTS, in combination with one or more USSC INVENTIONS.

Royalty Products shall have the meaning assigned to that term in recital E to this Agreement.

Royalty Products has the meaning given such term in the Royalty Agreement.

Royalty Products means each of the Specialty Products, Pipeline Products and Platform Products.

Royalty Products means that portion of a LICENSED PRODUCT which (a) embodies or uses all the elements or steps recited in any, one claim of an issued YIELDUP PATENT RIGHT or of an issued IMPROVEMENT PATENT RIGHT; or (b) is manufactured by use of all steps recited in any one claim of an issued YIELDUP PATENT RIGHT or of an issued IMPROVEMENT PATENT RIGHT.