Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number] percent (#%) of NET SALES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 3 contracts
Sources: Exclusive Patent License Agreement, Exclusive Patent License Agreement, Nonexclusive Patent License Agreement
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number***] percent (#[***]%) of NET SALESSALES by COMPANY, AFFILIATES and SUBLICENSEES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) [***] days of the end of each REPORTING PERIOD.
Appears in 2 contracts
Sources: Exclusive Patent License Agreement (Selecta Biosciences Inc), Exclusive Patent License Agreement (Selecta Biosciences Inc)
Running Royalties. (i) COMPANY shall pay to M.I.T. a running royalty of [number**] percent (#[**]%) of NET SALES, except on certain sales in DEVELOPING COUNTRIES as set forth in Section 4.1(d)(ii) below. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 2 contracts
Sources: Exclusive Patent License Agreement (Visterra, Inc.), Exclusive Patent License Agreement (Visterra, Inc.)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number***] percent (#%) of NET SALESSALES of LICENSED PRODUCTS. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) [***] days of the end of each REPORTING PERIOD.
Appears in 2 contracts
Sources: Exclusive Patent License Agreement (BIND Therapeutics, Inc), Exclusive Patent License Agreement (BIND Therapeutics, Inc)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number] three percent (#3 %) of NET SALESSALES by COMPANY and AFFILIATES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD. Royalties shall not be payable on sales to US Federal Government Institutions provided that prices on such sales are reduced to reflect the removal of royalty fees.
Appears in 1 contract
Sources: Exclusive Patent License Agreement (Bionik Laboratories Corp.)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number] three percent (#3%) of NET SALES or ADJUSTED NET SALES, as appropriate, by COMPANY, AFFILIATES and SUBLICENSEES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty ninety (6090) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Sources: Exclusive Patent License Agreement (Arch Therapeutics, Inc.)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number***] percent (#%) of NET SALESSALES by COMPANY and AFFILIATES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Sources: Exclusive Patent License Agreement (GMP Companies Inc)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number**] percent (#[**]%) of NET SALESSALES by COMPANY, AFFILIATES and SUBLICENSEES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Sources: Exclusive Patent License Agreement (Visterra, Inc.)
Running Royalties. COMPANY shall pay to M.I.T. a running royalty of [number*** Redacted] percent (#%) of NET SALESSALES by COMPANY and AFFILIATES. Running royalties shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 1 contract