Common use of Section l Clause in Contracts

Section l. b. of Article V of the License Agreement is hereby amended and restated in its entirety as follows: "In addition, CEPHALON shall pay to ▇▇▇▇▇ a royalty on Net Sales of Licensed Products by CEPHALON and/or its sublicensees, calculated at the rate of [*] per cent ([*]) during the first [*] from the date of first commercial sale of the first Licensed Product in each country within the Territory, and [*] per cent ([*]) thereafter in such country." *THE CONFIDENTIAL MATERIAL CONTAINED HEREIN HAS BEEN OMITTED AND HAS BEEN FILED SEPARATELY WITH THE COMMISSION.

Appears in 2 contracts

Sources: License Agreement and Supply Agreement (Cephalon Inc), License Agreement and Supply Agreement (Cephalon Inc)