Common use of Collaboration Fee Clause in Contracts

Collaboration Fee. In partial consideration of the rights granted under this Agreement, Jinghua shall pay to Kadmon ($***) for each Licensed Antibody generated by Kadmon (i.e., VEGFR2 and PDL-1), payable as follows: (a) of the *** from *** to *** $ *** (b) from the *** $ *** (c) of the *** $ *** (d) of the *** $ *** (e) of the first *** from the *** *** The occurrence of each event shall be reasonably determined by Kadmon. For the avoidance of doubt, the total collaboration fees payable by Kadmon under this Agreement shall not exceed ***.

Collaboration Fee. In partial consideration of the rights granted under this Agreement, Jinghua shall pay to Kadmon ($***) for each Licensed Antibody generated by Kadmon (i.e., VEGFR2 and PDL-1), payable as follows: (a) of the *** from *** to *** $ *** (b) from the *** $ *** (c) of the *** $ *** (d) of the *** $ *** (e) of the first *** from the *** *** The occurrence of each event shall be reasonably determined by Kadmon. For the avoidance of doubt, the total collaboration fees payable by Kadmon under this Agreement shall not exceed ***Forty Million Dollars ($40,000,000).