Generic Competition. If at any time during the Royalty Term Generic Competition exists in a given country with respect to a Product, then the Marginal Royalty Rates used to calculate Royalties for such Product in such country shall be reduced by [***] for so long as such Generic Competition exists.
Appears in 4 contracts
Sources: License Agreement (Celcuity Inc.), License Agreement (SpringWorks Therapeutics, Inc.), License Agreement (SpringWorks Therapeutics, Inc.)
Generic Competition. If If, at any time during the Royalty Term Term, Generic Competition exists in a given country with respect to a Reference Product, then the Marginal Royalty Rates used to calculate Royalties for such Reference Product in such country shall be reduced by [***] for so long as such Generic Competition exists.
Appears in 1 contract
Sources: License Agreement (ARYA Sciences Acquisition Corp II)