Common use of Maximum Reduction Clause in Contracts

Maximum Reduction. Notwithstanding Sections 3.5.1, 3.5.2 and 3.5.3, in no event shall any royalty deduction or royalty rate reduction, individually or in combination, decrease the aggregate royalties paid to FIBROGEN with respect to the Net Sales of any Product in any country or region in any Calendar Quarter [*] that would have been payable in such Calendar Quarter under Section 3.4.

Appears in 3 contracts

Sources: Exclusive License Agreement (Fibrogen Inc), Exclusive License Agreement (Fibrogen Inc), Exclusive License Agreement (Fibrogen Inc)