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Royalty Rates. In partial consideration of the license rights granted by UroGen to Allergan hereunder and subject to the terms and conditions set forth in this Agreement, Allergan shall pay to UroGen a royalty, subject to the terms of this Agreement (including Section 6.3.2), on Net Sales to Third Parties (including Distributors) of each Licensed Product in a country in the Territory during each Calendar Year of the applicable Royalty Term at the following rates:

Royalty Rates. In partial consideration of the license rights granted by UroGen to Allergan hereunderPayments and subject to the terms and conditions set forth in this Agreement,Reports. Allergan shall paycalculate all amounts payable to UroGen pursuant to Section 6.2.2 or Section 6.3.1 at the end of each Calendar Quarter, which amounts shall be converted to Dollars in accordance with Section 6.6. Within ​ days after the end of each Calendar Quarter during which there are Net Sales giving rise to a payment obligation pursuant to Section 6.2.2 or Section 6.3.1, Allergan shall submit to UroGen a royalty, subject toreport identifying, for each Licensed Product, the terms of this Agreement (including Section 6.3.2), on Net Sales to Third Parties (including Distributors) of eachfor such Licensed Product in afor each country in the Territory during eachfor such Calendar YearQuarter, any sales milestones or royalties payable to UroGen pursuant to Section 6.2.2 or Section 6.3.1, as applicable, the basis for any reduction in royalties pursuant to Section 6.3.3, and the conversion of such Net Sales from the applicable Royalty Term at the following rates:currency of sale into Dollars.

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