Common use of Annual License Fees Clause in Contracts

Annual License Fees. (a) The Parties acknowledge that upon each of the […***…] of the Effective Date (i.e., […***…]) during the Research Term, CENTOCOR agreed to pay and already has paid to MORPHOSYS an Annual License Fee of […***…] payable within forty-five (45) days after each such anniversary.

Appears in 4 contracts

Samples: License Agreement, License Agreement (MorphoSys AG), License Agreement (MorphoSys AG)

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