Common use of Royalty Offset Clause in Contracts

Royalty Offset. (a) Pursuant to Amendment No. 2 to the CRDLA, EMCC received an advance royalty offset of * against royalty payments due to Symyx with respect to the * Project and the * Project. Following execution of this Agreement, such advance royalty offset shall be applicable to license royalties payable to Symyx Tech under this Section 8.07, but only with respect to the * Project and the * Project. (b) Except to the extent provided in Exhibit O, all advance royalty payments paid to Symyx Tech by ExxonMobil pursuant to Section 8.06 shall be fully creditable, dollar-for-dollar, against license royalties, if any, payable to Symyx Tech under this Section 8.07 with respect to *. (c) Notwithstanding Sections 8.07.8(a) and (b) above, for any given calendar quarter, no more than * of the license royalty obligation otherwise due to Symyx * Confidential treatment requested Tech may be offset by the advance royalty offsets and advance royalty payments set forth in Sections 8.07.8(a) and (b) above.