Common use of Aggregate Royalty Reductions Clause in Contracts

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 6.6(d), in no event shall the royalties otherwise payable under Section 6.6(a) with respect to any given Net Sales of a Licensed Product in a country in the Territory be reduced, as a result of the royalty reduction provisions of Sections 6.6(d)(i), 6.6(d)(ii), 6.6(d)(iii)(A), 6.6(d)(iii)(B) and 6.6(d)(iv), to be less than […***…] of the royalties otherwise payable under Section 6.6(a).

Appears in 2 contracts

Sources: Research Collaboration and License Agreement (Mirati Therapeutics, Inc.), Research Collaboration and License Agreement (Mirati Therapeutics, Inc.)

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 6.6(d)7.6, in no event shall the royalties otherwise payable under Section 6.6(a7.6(a) with respect to any given Net Sales of a Licensed Product in a country in the Territory be reduced, reduced as a result of the royalty reduction provisions of Sections 6.6(d)(i), 6.6(d)(ii), 6.6(d)(iii)(A), 6.6(d)(iii)(B7.6(c) and 6.6(d)(iv), (d) to be less than [***…] of the royalties otherwise payable under Section 6.6(a)].

Appears in 2 contracts

Sources: License and Research Agreement (vTv Therapeutics Inc.), License and Research Agreement (vTv Therapeutics Inc.)

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 6.6(d)6.5, subject to Section 11.6, in no event shall the royalties otherwise payable under this Section 6.6(a6.5 with respect to Adjusted Net Sales of any Product in any Region in any Calendar Year be reduced to less than [***] of the royalties payable under Section 6.5(a) with respect to any given Net Sales of a Licensed such Product in a country such Region in the Territory be reduced, as a result of the royalty reduction provisions of Sections 6.6(d)(i), 6.6(d)(ii), 6.6(d)(iii)(A), 6.6(d)(iii)(B) and 6.6(d)(iv), to be less than […***…] of the royalties otherwise payable under Section 6.6(a)such Calendar Year.

Appears in 1 contract

Sources: License Agreement (vTv Therapeutics Inc.)

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 6.6(d)7.6, in no event shall the royalties otherwise payable under Section 6.6(a7.6(a) with respect to any given Net Sales of a Licensed Product in a country in the Territory be reduced, reduced as a result of the royalty reduction provisions of Sections 6.6(d)(i), 6.6(d)(ii), 6.6(d)(iii)(A), 6.6(d)(iii)(B7.6(c) and 6.6(d)(iv), (d) to be less than [***…] of the royalties otherwise payable under Section 6.6(a)].

Appears in 1 contract

Sources: License and Research Agreement (Calithera Biosciences, Inc.)

Aggregate Royalty Reductions. Notwithstanding anything to the contrary in this Section 6.6(d)6.5, in no event shall the royalties otherwise payable under this Section 6.6(a6.5 with respect to Net Sales of any Product in any Region in any Calendar Quarter be reduced to less than [***] of the royalties payable under Section 6.5(a) with respect to any given Net Sales of a Licensed such Product in a country such Region in the Territory be reduced, as a result of the royalty reduction provisions of Sections 6.6(d)(i), 6.6(d)(ii), 6.6(d)(iii)(A), 6.6(d)(iii)(B) and 6.6(d)(iv), to be less than […***…] of the royalties otherwise payable under Section 6.6(a)such Calendar Quarter.

Appears in 1 contract

Sources: License Agreement (vTv Therapeutics Inc.)