Common use of Allocation of Recoveries Clause in Contracts

Allocation of Recoveries. Any recoveries resulting from such legal action initiated by ▇▇▇▇▇ or Paragon hereunder relating to Patent Infringement or Patent Challenge in each case solely with respect to the Licensed Antibody Patents, including pursuant to a settlement, shall be applied as follows: (i) first to reimburse the [***] of each of the Parties in such action; and (ii) second, any amounts remaining after paying the amounts due each Party under clause (i) (the “Remaining Recovery”) shall be allocated as follows: (1) [***]; or (2) [***].

Appears in 2 contracts

Sources: License Agreement (Oruka Therapeutics, Inc.), Il 17 License Agreement (Oruka Therapeutics, Inc.)

Allocation of Recoveries. Any recoveries resulting from such legal action initiated by ▇▇▇▇ or Paragon hereunder relating to Patent Infringement or Patent Challenge in each case solely with respect to of the Licensed Antibody PatentsPatnets, including pursuant to a settlement, shall be applied as follows: (i) first to reimburse the [***] of each of the Parties in such action; and (ii) second, any amounts remaining after paying the amounts due each Party under clause (i) (the “Remaining Recovery”) shall be allocated as follows: (1) [***]; or (2) [***].. ​

Appears in 1 contract

Sources: License Agreement (Aerovate Therapeutics, Inc.)

Allocation of Recoveries. Any recoveries resulting from such legal action initiated by ▇▇▇▇▇ Apogee or Paragon hereunder relating to Patent Infringement or Patent Challenge in each case solely with respect to the Licensed Antibody Patents, including pursuant to a settlement, shall be applied as follows: (i) first to reimburse the [***] of each of the Parties in such action; and (ii) second, any amounts remaining after paying the amounts due each Party under clause (i) (the “Remaining Recovery”) shall be allocated as follows: (1) [***]; or (2) [***].

Appears in 1 contract

Sources: License Agreement (Apogee Therapeutics, Inc.)

Allocation of Recoveries. Any recoveries resulting from such legal action initiated by ▇▇▇▇▇ Crescent or Paragon hereunder relating to Patent Infringement or Patent Challenge in each case solely with respect to of the Licensed Antibody Patents, including pursuant to a settlement, shall be applied as follows: (i) first to reimburse the [***] of each of the Parties in such action; and (ii) second, any amounts remaining after paying the amounts due each Party under clause (i) (the “Remaining Recovery”) shall be allocated as follows: (1) [***]; or (2) [***].

Appears in 1 contract

Sources: License Agreement (Glycomimetics Inc)

Allocation of Recoveries. Any recoveries resulting from such legal action initiated by ▇▇▇▇▇ Spyre or Paragon hereunder relating to Patent Infringement or Patent Challenge in each case solely with respect to the Licensed Antibody Patents, including pursuant to a settlement, shall be applied as follows: (i) first to reimburse the [***] of each of the Parties in such action; and (ii) second, any amounts remaining after paying the amounts due each Party under clause (i) (the “Remaining Recovery”) shall be allocated as follows: (1) [***]; or (2) [***].

Appears in 1 contract

Sources: License Agreement (Spyre Therapeutics, Inc.)