Outside U.S. With respect to Third Party IP Payments related to the any country in the Recro Territory other than the United States: (i) Licensee shall give Orion written notice of its intent to make Third Party IP Payments. (ii) Licensee may deduct fifty percent (50%) of such Third Party IP Payments from the royalties due to Orion.
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Sources: License Agreement (Baudax Bio, Inc.), License Agreement (Recro Pharma, Inc.)
Outside U.S. With respect to Third Party IP Payments related to the any country in the Recro Territory other than the United States:
(ia) Licensee shall give Orion written notice of its intent to make Third Party IP Payments.
(iib) Licensee may deduct fifty percent (50%) of such Third Party IP Payments from the royalties due to Orion.
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