Common use of Royalty Rate Reduction Clause in Contracts

Royalty Rate Reduction. Notwithstanding the provisions of Sections 7.4.1, 7.4.2 and 7.4.3, the royalty rates set forth therein (but not the percentage of the Net Contribution set forth in Section 7.4.1) shall be reduced by ************************** of the rates otherwise applicable under Sections 7.4.1, 7.4.2 and 7.4.3, on a country-by-country basis, with respect to any Licensed Product that is ****************************** (as defined below) in a particular country. For purposes of Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote such omissions.