Royalty Term

Royalty Term. The period of time commencing on the First Commercial Sale of any ACADIA Product and ending upon the termination of ACADIA's payment obligations under Section 4.2 or the twenty-fourth (24th) anniversary of the Effective Date, whichever is earlier.

Royalty Term. With respect to each Product or Grant-Back Product, as the case may be, in a country in the Territory, the period of time commencing on the date of this Agreement and ending on the later of: (i) ten years from the date of the First Commercial Sale of such Product or Grant-Back Product in such country, or (ii) if, at the time of the First Commercial Sale in such country, the Product or Grant-Back Product is covered by a Valid Claim of a Product Patent, the date on which the last to expire of the... Product Patents relating to such Product or Grant-Back Product expires. View More

Royalty Term. The meaning given such term in the Royalty Agreement.

Royalty Term. Means the period beginning on the Effective Date and ending December 31, 2019.

Royalty Term. On a country by country basis (per approved indication) the period commencing upon the First Commercial Sale of such Licensed Product in the relevant country and expiring on the later of: (i) fifteen (15) years after that date, or (ii) the expiry in that country of all Valid Patent Claims covering Licensed Product.

Royalty Term. The period commencing on the Effective Date and continuing until the later of (i) the expiration of the last to expire of the Licensed Patents or (ii) the ([***]) anniversary of First Commercial Sale in such country

Royalty Term. The period of time from the Closing Date through the date upon which there is no Valid Claim in the United States covering the Product sold by Purchaser, its Affiliates or sublicensees, as applicable

Royalty Term. With respect to each country, the period equal to the longer of (a) if, at the time of the First Commercial Sale of Product in such country, the use, offer for sale, sale or import of Product in such country would infringe a Valid Claim, the term for which such Valid Claim remains in effect and would be infringed, and (b) ten (10) years following the date of the First Commercial Sale of Product in such country

Royalty Term. In relation to the Licensed Product on a country by country basis the period commencing upon the First Commercial Sale of the Licensed Product in the relevant country and expiring on the later of: (i) *** (***) years after that date, or (ii) the expiry of a Valid Patent Claim covering the main active ingredients of the Licensed Product.

Royalty Term. The period commencing with the First Commercial Sale and ending at such time as Targacept's payment obligations under Section 4.2 have terminated pursuant to Section 4.2(c)