Royalty Term

Royalty Term. Shall mean, with respect to each Product in each country in the Territory, the period of time commencing on the Effective Date and ending on the date that is the latest of (i) [*] years from the date of the first Commercial Sale of such Product in such country, (ii) the expiration of the [*], or (iii) with respect only to the Licensed Technology that relates to, or is necessary or useful to practice, the Washington Patents, the [*] anniversary from the First Commercial Sale of Unpatented... Product (as such term is defined in the Washington Agreement). View More

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. Shall mean, [***].

Royalty Term. Means the period commencing on the Effective Date and continuing until the expiration of the last to expire of the Patents covering the products sold by Company or the method practiced using such products or, if lesser, for so long as the Company is selling the particular Royalty-Bearing Product.

Royalty Term. Shall mean, in the case of each Collaboration Specialty Laboratories Product, the period of time commencing on the date hereof and ending upon the later of (a) ten (10) years from the date hereof, or (b) the expiration of the last to expire Valid Claim covering such Collaboration Specialty Laboratories Product in such country.

Royalty Term. Means ***CONFIDENTIAL TREATMENT REQUESTED -3- 2.16.1. With respect to each Licensed Product in each country of the Territory, considered on a country-by-country basis, the period beginning upon the Effective Date and extending for so long as a Valid Claim remains in effect and would be infringed by such Licensed Product but for the license... granted by this Agreement; 2.16.2. Notwithstanding the above, in the event that termination of the Royalty Term as computed Section 2.16.1 is less than [...***...] years from the First Commercial Sale of such Licensed Product anywhere in the Territory, then the Royalty Term in each country shall extend until the [...***...] anniversary of the date computed in Section 2.16.1. View More

Royalty Term. Shall mean, with respect to each Product in each country in the Territory, the period of time commencing on the Effective Date and ending on the date that is the latest of (i) 10 years from the date of the First Commercial Sale of such Product in such country, or (ii) the expiration of the last to expire of the Valid Claims necessary for the manufacture, use and sale of such Product in such country.

Royalty Term. Means, with respect to each Product in each country, (a) if the manufacture, use or sale of such Product in such country was at the time of the First Commercial Sale in such country covered by a Valid Claim, the term for which such Valid Claim remains in effect and would, if in an issued patent, be infringed but for the license granted by this Agreement, or (b) otherwise, ten (10) years from the date of the First Commercial Sale of such Product in such country.

Royalty Term. Means the period beginning on September 1, 2023 and continuing in perpetuity.

Royalty Term. Means, on a Product-by-Product and country-by-country basis the period beginning on the date of First Commercial Sale of a Product in a country and continuing until the latest to occur of (i) the date of expiration of the last Valid Claim in such country; (ii) the date of expiration of new chemical entity (NCE) data and/or market exclusivity in such country for such Product; or (iii) the 10th (tenth) anniversary of the date of First Commercial Sale of such Product in such country.