Royalty Floor. Notwithstanding the foregoing Sections 8.5(c) and Section 8.7 with respect to any Product in any Calendar Quarter, the royalties that would otherwise have been due under Section 8.5(a) with respect to Net Sales of such Product in the applicable country(ies) during such Calendar Quarter shall not be reduced by more than ​ as a result of all such reductions.

Royalty Floor. All royalty reductions and credits provided for in [Section 8.7.2] (No Valid Patent Claim) through [Section 8.7.4] (Third Party Payments) shall not cumulatively reduce the royalties payable to ITEOS with respect to a Licensed Product in any country to less than ​ percent ​ of the royalties otherwise due to ITEOS pursuant to [Section 8.7.1] (Net Sales Royalties) in a given Calendar Quarter. Any amount that is not so reduced or credited due to the limitation in the immediately preceding sentence, shall be carried forward for application against royalties payable to ITEOS with respect to Net Sales of such Licensed Product in such country in the Net Sales Territory in future Calendar Quarters for application as a royalty reduction, subject in each case to the foregoing ​ percent ​ floor, until exhausted.

Royalty Floor. Notwithstanding the foregoing, during any Calendar Quarter in the Royalty Term for a Licensed Product in a particular region in the Territory, the operation of [Section 9.3(c)], individually or in combination shall not reduce the final royalty rate to ​.

Royalty Floor. The reductions of [Sections 9.5(c)(i), 9.5(c)(ii) and 9.5(c)(iii)])])] are cumulative, provided that in no event shall the royalty rate applicable to Net Sales of the [[Unknown Identifier]] Opt-Out Product during any Calendar Quarter in the [[Unknown Identifier]] Royalty Term in a country fall below a rate that is ​ of the royalty rate otherwise payable pursuant to Section 9.5(a) during any Calendar Quarter during the Royalty Term during which the Opt-Out Party is obligated to pay royalties under the Stoke Existing In-License agreements, as applicable with respect to the Opt-Out Party and with respect to such [[Unknown Identifier]] Opt-Out Product. The Primary Party may carry forward any such reductions permitted in accordance with [Section 9.5(c)(i)], [Section 9.5(c)(ii) and 9.5(c)(iii)])] that are incurred or accrued in a Calendar Quarter but that are not applied against royalties due to the Opt-Out Party for such [[Unknown Identifier]] Opt-Out Product in such country in such Calendar Quarter as a result of the foregoing floor and apply such amounts against royalties due to the Opt-Out Party for such [[Unknown Identifier]] Opt-Out Product in such country in any subsequent Calendar Quarter (subject to the minimum floor set forth in this [Section 9.5(c)(iv)]) until the amount of such reduction has been fully applied against royalties due to the Opt-Out Party for such [[Unknown Identifier]] Opt-Out Product in such country.

Royalty Floor. The reductions of [Sections 9.3(c)(iii)(A), 9.3(c)(iii)(B) and 9.3(c)(iii)(C)])])] are cumulative, provided that in no event shall the royalty rate applicable to Net Sales of the ​ Licensed Product during any Calendar Quarter in the Royalty Term in a country fall below a rate that is ​ of the royalty rate otherwise payable pursuant to [Section 9.3(c)(i)]. Acadia may carry forward any such reductions permitted in accordance with [Section 9.3(c)(iii)(A)], [Section 9.3(c)(iii)(B)] and [Section 9.3(c)(iii)(C)] that are incurred or accrued in a Calendar Quarter but that are not applied against royalties due to Stoke for such ​ Licensed Product in such country in such Calendar Quarter as a result of the foregoing floor and apply such amounts against royalties due to Stoke for such ​ Licensed Product in such country in any subsequent Calendar Quarter (subject to the minimum floor set forth in this [Section 9.3(c)(iii)(D)]) until the amount of such reduction has been fully applied against royalties due to Stoke for such ​ Licensed Product in such country.

Royalty Floor. Notwithstanding the foregoing, during any Calendar Quarter in the Royalty Term for a Product in a country in the Ono Territory, the operation of [Sections 9.3.3.1, 9.3.3.2 and 9.3.3.3]3]3] above, individually or in combination, shall not reduce by more than ​ of the royalties that would otherwise have been due to [[Forty Seven:Organization]] under [Section 9.3.1] with respect to Net Sales of such Product in such country during such Calendar Quarter.

Royalty Floor. In no event will the royalty rate on Net Sales of Products ever be reduced to less than ​.

Royalty Floor. Notwithstanding the foregoing, during any Calendar Quarter in the Royalty Term for a Licensed Product in a particular region in the Territory, the operation of Section 9.3(c), individually or in combination shall not reduce the final royalty rate to ​.

Royalty Floor. Notwithstanding the foregoing, during any Calendar Quarter in the Royalty Term for a Licensed Product in a particular region in the Territory, the operation of [Section 9.3(c)], individually or in combination shall not reduce the final royalty rate to ​.

Royalty Floor. The reductions of [Sections 9.2(c)(iii)(A), 9.2(c)(iii)(B) and 9.2(c)(iii)(C)])])] are cumulative, provided that in no event shall the royalty rate applicable to Net Sales of the [[Unknown Identifier]] Licensed Product during any Calendar Quarter in the Royalty Term in a country fall below a rate that is ​ of the royalty rate otherwise payable pursuant to [Section 9.2(c)(i)]. Acadia may carry forward any such reductions permitted in accordance with [Section 9.2(c)(iii)(A)], [Section 9.2(c)(iii)(B)] and [Section 9.2(c)(iii)(C)] that are incurred or accrued in a Calendar Quarter but that are not applied against royalties due to Stoke for such [[Unknown Identifier]] Licensed Product in such country in such Calendar Quarter as a result of the foregoing floor and apply such amounts against royalties due to Stoke for such [[Unknown Identifier]] Licensed Product in such country in any subsequent Calendar Quarter (subject to the minimum floor set forth in this [Section 9.2(c)(iii)(D)]) until the amount of such reduction has been fully applied against royalties due to Stoke for such [[Unknown Identifier]] Licensed Product in such country.