Common use of Minimum Royalty Payments Clause in Contracts

Minimum Royalty Payments. Royalty credits available to P&U in accordance with this Agreement or any other legally binding agreement between the parties shall not reduce the royalty amounts otherwise then due to Geron by more than [*]. Unused credits may be carried over into subsequent royalty periods.

Appears in 2 contracts

Sources: License and Research Collaboration Agreement (Geron Corporation), License and Research Collaboration Agreement (Geron Corporation)