Royalties Payable Only Once. The obligation to pay royalties pursuant to this Section 3.4 is imposed only once with respect to the same unit of a Product or Other Product, as applicable; provided that the foregoing shall not limit Prana's obligation to pay royalties to both PNG and Lundbeck as required by subsection (b) above. Except as specifically provided in this Agreement, it is understood and agreed that there shall be no deductions from the royalties payable under this Agreement.
Appears in 2 contracts
Sources: Settlement Agreement, Settlement Agreement (Prana Biotechnology LTD)