Minimum Royalties. (a) In partial consideration of the License, commencing with the first Sale of a Licensed Product, Company will also pay to Penn the amount, if any, that the applicable minimum royalty listed in the table below exceeds Penn’s earned royalties on Net Sales of Licensed Products. QUARTER: First 4 Quarters Next 4 Quarters Next 4 Quarters All Quarters thereafter MINIMUM: [**] [**] [**] [**]
Appears in 3 contracts
Sources: Patent License Agreement, Patent License Agreement (Apellis Pharmaceuticals, Inc.), Patent License Agreement (Apellis Pharmaceuticals, Inc.)
Minimum Royalties. (a) In partial consideration of the License, commencing with the first Sale of a Licensed Product, Company will also pay to Penn the amount, if any, that the applicable minimum royalty listed in the table below exceeds PennCompany’s actual earned royalties on Net Sales under Section 3.5 for each Quarter after the first Sale of a Licensed ProductsProduct. QUARTER: First 4 Quarters Next 4 Quarters Next 4 Quarters All Quarters thereafter MINIMUM: [**] [**] [**] [**]thereafter
Appears in 2 contracts
Sources: Patent License Agreement (Apellis Pharmaceuticals, Inc.), Patent License Agreement (Apellis Pharmaceuticals, Inc.)
Minimum Royalties. (a) In partial consideration of the License, commencing with the first Sale of a Licensed Product, Company will also pay to Penn the amount, if any, that the applicable minimum royalty listed in the table below exceeds PennCompany’s actual aggregate earned royalties on Net Sales for all Licensed Products under Section 3.4 for each year after the first Sale of a Licensed ProductsProduct. QUARTER: First 4 Quarters Next 4 Quarters Next 4 Quarters All Quarters thereafter MINIMUM: Aggregate of [**] [**] [**] [**]
Appears in 1 contract
Sources: Patent License Agreement (ImmunoCellular Therapeutics, Ltd.)
Minimum Royalties. (a) In partial consideration of the License, commencing with the first Sale of a Licensed Product, Company will also pay to Penn the amount, if any, that the applicable minimum royalty listed in the table below exceeds PennCompany’s actual earned royalties on Net Sales under Section 3.5 for each Quarter after the first Sale of a Licensed ProductsProduct. Execution Copy 03/28/2008 QUARTER: First 4 Quarters Next 4 Quarters Next 4 Quarters All Quarters thereafter MINIMUM: [*** ] [*** ] [*** ] [*** ]
Appears in 1 contract
Sources: Patent License Agreement