Approval Payment Sample Clauses

Approval Payment. Immediately following execution of this Agreement and receipt of the Court's order approving the Stipulation of Dismissal (the "ORDER"), each of the Fund and Artal, respectively, shall as soon as possible, and in no event later than two (2) business days thereafter, deliver, in immediately available funds, to Aksys (1) $17,640,000 in the case of the Fund and (2) $360,000 in the case of Artal.
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Approval Payment. Baxter shall pay to Cerus the amount of five million dollars ($5,000,000) promptly upon receipt from the FDA of a new drug approval (NDA) or pre-market approval (PMA) or equivalent, or receipt of a CE Mark ▇▇▇roval in Europe, for the System."
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Approval Payment. Within [***] of Alvogen’s receipt from Pfenex of a copy of the notice NDA Approval for Product, Alvogen shall pay to Pfenex [***].
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Approval Payment. Following the date of Regulatory Approval by the United States Food and Drug Administration of the first Licensed Product in the Field of Use (the “Regulatory Approval Date”), Licensee shall, at Licensor’s option (the “Option”) (i) pay to Licensor the sum of One Million Five Hundred Thousand U.S. Dollars ($1,500,000) (the “Approval Cash Payment”); or (ii) issue to Licensor one hundred twenty-three thousand two hundred fifty five (123,255) validly issued, fully-paid, non-assessable shares (the “Approval Shares”) of common stock, par value $0.001, of Licensee (the “Common Stock”), proportionally adjusted for stock splits, combinations, stock dividends and similar events. [***] If Licensor does not provide Licensee the Licensor Exercise Notice within either the First Option Period or the Second Option Period, as applicable, then within two (2) Business Days after the expiration of the applicable option period, Licensee shall pay to Licensor the Approval Cash Payment.
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Approval Payment. In addition to any other amounts paid by Schering to Sequus pursuant to this Agreement, Schering shall pay Sequus within ten (10) days of Board of Directors Approval, in partial consideration of the distribution rights granted to Schering pursuant to this Agreement and in recognition of the marketing authorization approval for the Agreement Product in the EEA, Five Million Three Hundred Thousand Dollars ($5,300,000), **.
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Approval Payment. Within ten (10) days of Alvogen’s receipt of a copy of the FDA’s notice of NDA Approval for Product with the Initial Label Indication, Alvogen shall pay to NRx a one-time payment in the amount of Five Million Dollars ($5,0000,000). The foregoing payment shall only be payable once regardless of the number of times the corresponding event is achieved by a Product.
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Related to Approval Payment

  • FINAL COMPLETION AND FINAL PAYMENT 9.9.1 Upon receipt of written notice that the Work is ready for final inspection and acceptance and upon receipt of a final Application for Payment, the Architect will promptly make such 9.9.2 Neither the final payment nor the remaining retained percentage shall become due until the Contractor submits to the Architect (1) an affidavit that all payrolls, bills for materials and equipment, and other indebtedness connected with the Work for which the State or its property might in any way be responsible, have been paid or otherwise satisfied; (2) consent of surety, if any, to final payment; (3) Other data establishing payment or satisfaction of all such obligations, including, but not limited to, receipts, releases, or other supporting documentation. and (4) final waivers of liens arising out of the Contract, to the extent and in such form as may be designated by the State. If any Subcontractor refuses to furnish a release or waiver required by the State, the Contractor may furnish a bond satisfactory to the State to indemnify him against any such lien. If any such lien remains unsatisfied after all payments are made, the Contractor shall refund to the State all moneys that the latter may be compelled to pay in discharging such lien, including all costs and reasonable attorneys' fees. 9.9.3 If, after Substantial Completion of the Work, final completion thereof is materially delayed through no fault of the Contractor or by the issuance of Change Orders affecting final completion, and the Architect so confirms, the State shall, upon application by the Contractor and certification by the Architect, and without terminating the Contract, make payment of the balance due for that portion of the Work fully completed and accepted. If the remaining balance for Work not fully completed or corrected is less than the retainage stipulated in the Contract Documents, and if bonds have been furnished as required by the Contract Documents, the written consent of the surety to the payment of the balance due for that portion of the Work fully completed and accepted shall be submitted by the Contractor to the Architect prior to certification of such payment. Such payment shall be made under the terms and conditions governing final payment, except that it shall not constitute a waiver of claims. 9.9.4 The making of final payment shall constitute a waiver of all claims by the State except those arising from: (a) unsettled liens, (b) faulty or defective Work appearing after Substantial Completion, (c) failure of the Work to comply with the requirements of the Contract Documents, or (d) terms of any special warranties required by the Contract Documents. 9.9.5 The acceptance of final payment shall constitute a waiver of all claims by the Contractor except those previously made in writing and identified by the Contractor as unsettled at the time of the final Application for Payment.

  • Final Payment A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the General Conditions, Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in said Paragraph 15.06.

  • ACCEPTANCE AND FINAL PAYMENT Upon written notice to the Owner

  • Approval/Non-Approval We will notify you whether your Application has been approved or denied within 14 days after the date we receive a completed Application. Notification may be in person or by mail or telephone unless you have requested that notification be by mail. You must not assume approval until you receive actual notice of approval. The 14-day time period may be changed only by separate written agreement.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.