Common use of Annual Maintenance Fee Clause in Contracts

Annual Maintenance Fee. LICENSEE shall pay to HMGU an annual maintenance fee of € […***…] for each CONTRACT YEAR. The maintenance fee shall be credited against royalties due for the same CONTRACT YEAR. The maintenance fee for the first CONTRACT YEAR shall be due […***…] after the EFFECTIVE DATE and shall be calculated pro rata based upon the number of months in which this Agreement will be effective during that CONTRACT YEAR. The annual maintenance fees will be invoiced by HMGU at ***Certain Confidential Information Omitted the end of January of each CONTRACT YEAR and shall be paid by LICENSEE within […***…] after receipt of the invoice.

Appears in 4 contracts

Samples: License Agreement (Poseida Therapeutics, Inc.), License Agreement (Poseida Therapeutics, Inc.), License Agreement (Poseida Therapeutics, Inc.)

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Annual Maintenance Fee. LICENSEE shall pay to HMGU an annual maintenance fee of € […***…] for each CONTRACT YEAR. The maintenance fee shall be credited against royalties due for the same CONTRACT YEAR. The maintenance fee for the first CONTRACT YEAR shall be due […***…] after the EFFECTIVE DATE and shall be calculated pro rata based upon the number of months in which this Agreement AGREEMENT will be effective during that CONTRACT YEAR. The annual maintenance fees will be invoiced by HMGU at ***Certain Confidential Information Omitted the end of January of each CONTRACT YEAR and shall be paid by LICENSEE within […***…] after receipt of the invoice.. ***Certain Confidential Information Omitted (AZ: 2015875)

Appears in 1 contract

Samples: Original License Agreement (Poseida Therapeutics, Inc.)

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