PAYABLE BY GI TO METAMORPHIX Clause Samples

The 'Payable by GI to Metamorphix' clause establishes that certain payments or financial obligations are to be made by GI to Metamorphix under the terms of the agreement. This typically means that GI is responsible for transferring funds, such as fees, royalties, or reimbursements, directly to Metamorphix according to a specified schedule or upon the occurrence of certain events. The core function of this clause is to clearly allocate payment responsibility, ensuring that both parties understand who is obligated to pay and under what circumstances, thereby reducing the risk of disputes over financial transactions.
PAYABLE BY GI TO METAMORPHIX. GI shall pay to MetaMorphix a royalty on sales made by GI, its Affiliates or sublicensees of each GI Type A Product, the manufacture, USE or sale of which is covered by a Valid Claim under the applicable Factor Patent Rights, which royalty shall be calculated using the following formula: (A+B+C+D+E)-F where A equals either (i) four percent (4%) of the Net Sales obtained from such sales of such GI Type A Product. if the First Member of such GI Type A Product's TGF-(beta) Class is a GDF or a Collaborative Factor of JHU and MetaMorphix. or (ii) two percent (2%) of Net Sales of such GI Type A Product. if the First Member of such GI Type A Product's TGF-(beta) Class is a Collaborative Factor of GI and JHU or GI and MetaMorphix; B equals one percent (1%) of Net Sales obtained from such sales of such GI Type A Product, multiplied by the number (if any) of Subsequent Members in that GI Type A Product's TGF-(beta) Class (not to exceed three (3) which are GDFs or Collaborative Factors of JHU and-MetaMorphix; C equals one-half percent (1/2%) of Net Sales obtained from such sales of such GI Type A Product, multiplied by the number (if any) of Subsequent Members in that Product's TGF-(beta) Class (not to exceed three (3) which are Collaborative Factors of GI and JHU or GI and MetaMorphix; D equals one percent (1 %) of Net Sales obtained from such sales of such GI Type A Product, if that GI Type A Product is labeled for an indication which is covered by a Valid Claim of a Use Patent within the MetaMorphix Patent Rights, the JHU Patent Rights or the Joint Patent Rights of JHU and MetaMorphix; E equals one-half percent (1/2%) of the Net Sales obtained from such sales of such GI Type A Product, if that Product is labeled for an indication which is covered by a Valid Claim of a Use Patent within the Joint Patent Rights of GI and JHU or GI and MetaMorphix: and F equals the royalty payable by GI to JHU under Section 7.3.2.2 below, PROVIDED. HOWEVER, that In no event shall the sum of A. B and C exceed seven percent (7%).
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PAYABLE BY GI TO METAMORPHIX. GI shall pay to MetaMorphix a royalty on sales made by GI, its Affiliates or sublicensees of each GI Type B Product, the manufacture, use or sale of which is covered by a Valid Claim under the applicable Factor Patent Rights, which royalty shall be calculated using the following formula: royalty =A-(B+C+D+E+F+G) where A equals eight percent (8%) of the Net Sales obtained from such sales of such GI Type B Product; B equals the royalty payable by GI to JHU under Section 7.3.3.2 below; C equals either (i) four percent (4%) of Net Sales obtained from such sales of such GI Type B Product, if the First Member of that Product's TGF-(beta) Class is a BMP; OR (ii) two percent (2%) of Net Sales obtained from such sale of such MetaMorphix Product, if the First Member of that Product's TGF-(beta) Class is a Collaborative Factor of GI and JHU or a Collaborative Factor of GI and MetaMorphix; D equals one percent (1 %) of the Net Sales obtained from such sales of such GI Type B Product, multiplied by the number (if any) of Subsequent Members in such GI Type B Product's TGF-(beta) Class (not to exceed three (3) which are BMPs;
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PAYABLE BY GI TO METAMORPHIX. GI shall pay to MetaMorphix a royalty on sales made by GI, its Affiliates or sublicensees of each GI Type B Product, the manufacture, use or sale of which is covered by a Valid Claim under the applicable Factor Patent Rights, which royalty shall be calculated using the following formula: royalty =A-(B+C+D+E+F+G) where
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PAYABLE BY GI TO METAMORPHIX. GI shall pay to MetaMorphix a royalty on the sales made by GI, its Affiliates or sublicensees of Other TGF-ß Products, which royalty shall be calculated using the formula: royalty = ( A+ B+ C+ D) - E where A equals one-half percent (1/2%) of the Net Sales obtained from sales made in North America of any Other TGF-ß Product based on a Factor known to GI as BMPs 2, 4, 5, 6, 7, 9 or 12, multiplied by the number (if any) of GDFs or Collaborative Factors of JHU and MetaMorphix (not to exceed three (3) for each TGF-13 Class), the manufacture, use or sale of which is covered by a Valid Claim under the applicable Factor Patent Rights, which belong to a TGF-ß Class containing the Factor on which the Other TGF-ß Product being sold is based;
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Related to PAYABLE BY GI TO METAMORPHIX

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