ROYALTIES AND OTHER CONSIDERATION. 4.1 Until the last-to-expire Patent Right or until this Agreement shall be terminated as hereinafter provided, Company and its Affiliates and Sublicensees shall, on a calendar quarter basis, pay to Licensor royalties equal to […***…] percent ([…***…]%) of Net Sales. Royalties for a calendar quarter shall be paid within sixty (60) days after the end of each such quarter.
Appears in 3 contracts
Sources: Exclusive License Agreement (Tracon Pharmaceuticals, Inc.), Exclusive License Agreement (Tracon Pharmaceuticals, Inc.), Exclusive License Agreement (Tracon Pharmaceuticals Inc)