Common use of Guaranteed Minimum Royalties Clause in Contracts

Guaranteed Minimum Royalties. ENDO shall pay to NOVARTIS AG the following amounts as guaranteed minimum annual royalty payments (“Guaranteed Minimum Royalties”): Year 1 $0 Year 2 $0 Year 3 $0 Year 4 $30,000,000 Year 5 $30,000,000 Each Renewal Term $30,000,000

Appears in 1 contract

Sources: License and Supply Agreement (Endo International PLC)

Guaranteed Minimum Royalties. ENDO shall pay to NOVARTIS AG the following amounts as guaranteed minimum annual royalty payments (“Guaranteed Minimum Royalties”): Year 1 $$ 0 Year 2 $$ 0 Year 3 $$ 0 Year 4 $30,000,000 $ *** Year 5 $30,000,000 $ *** Each Renewal Term $30,000,000$ ***

Appears in 1 contract

Sources: License and Supply Agreement (Endo Pharmaceuticals Holdings Inc)