Common use of Royalty Offset Clause in Contracts

Royalty Offset. Fujisawa may credit against the royalty payments owed to DTI under Section 5.4 for sales of Licensed Products * of all of its costs, expenses, fees (including attorneys' fees and costs), license fees, payments, royalties and any other amounts expended to defend or settle such action and/or obtain a license; provided, that the maximum amount of credit that Fujisawa may apply against such royalty payments in any given quarter shall not exceed * of the royalty payment owed in such quarter (the "*"). Any amounts in excess of the * Threshold for any prior quarter may be credited against subsequent quarterly royalty payments owed to DTI, subject to the * Threshold limitation for any such subsequent quarter, until the total amount has been credited.

Appears in 3 contracts

Sources: Development and License Agreement (Aderis Pharmaceuticals Inc), Development and License Agreement (Aderis Pharmaceuticals Inc), Development and License Agreement (Aderis Pharmaceuticals Inc)