Common use of ROYALTIES PAYABLE Clause in Contracts

ROYALTIES PAYABLE. 8.10.1 For each Licensed Product, in partial consideration for the licenses and other rights granted to Jazz and its Affiliates herein, and subject to the terms and conditions of this Agreement, during the applicable Royalty Term for each country in the Territory, excluding the Shared Territory if Codiak has exercised its Development and Commercialization Option, Jazz will pay royalties to Codiak on Net Sales in the Territory by Jazz, its Affiliates or its Sublicensees on a Licensed Product-by-Licensed Product basis as follows: For the portion of Net Sales of such Licensed Product in all Indications in any given Calendar Year less than or equal [***] [***] For the portion of Net Sales of such Licensed Product in all Indications in any given Calendar Year greater than [***] and less than or equal to [***] [***] For the portion of Net Sales of such Licensed Product in all Indications in any given Calendar Year greater than [***] and less than or equal to [***] [***] For the portion of Net Sales of such Licensed Product in all Indications in any given Calendar Year greater than [***] [***] The obligation to pay royalties applies only once with respect to the same unit of Licensed Product sold by Jazz, its Affiliate or Sublicensee.