Common use of Royalties on Net Sales Clause in Contracts

Royalties on Net Sales. Novo will pay to Neose royalties as a percentage of annual Net Sales of each New Product, on a Product by Product basis, during the Term at the applicable rates set forth in this Section 4.1 and in accordance with this Section 4: 4.1.1 of annual Net Sales of the New Product up to ******. 4.1.2 of annual Net Sales of the New Product between ****** up to ******. 4.1.3 of annual Net Sales of the New Product over ******.

Royalties on Net Sales. Novo will pay to Neose royalties as a percentage of annual Net Sales of each New Product, on a Product by Product basis, during the Term at the applicable rates set forth in this Section 4.1 and in accordance with this Section 4: 4.1.1 of annual Net Sales of the New Product up to ******. 4.1.2 of annual Net Sales of the New Product between ****** up to ******. 4.1.3 of annual Net Sales of the New Product over ******.

Royalties on Net Sales. Novo will pay to Neose royalties as a percentage of annual Net Sales of each New Product, on a Product by Product basis, during the Term at the applicable rates set forth in this Section 4.1 and in accordance with this Section 4: 4.1.1 of annual Net Sales of the New Product up to ******. 4.1.2 of annual Net Sales of the New Product between ****** up to ******. 4.1.3 of annual Net Sales of the New Product over ******.