Product Revenue

Product Revenue. Shall mean any net revenue generated from the sale of any Products in the Field and within the Territories (defined below). In calculating Product Revenue, any royalty or other fees PharmaCyte is currently contractually obligated to pay Bavarian Nordic A/S and GSF – Forschungszentrum für Umwelt u. Gesundheit GmbH (Bavarian Nordic/GSF) under PharmaCyte's License Agreement with Bavarian Nordic/GSF, as amended, will be taken into account in calculating Product Revenue.