Commencing upon the Sample Clauses

Commencing upon the. First Commercial Sale of a Licensed Product in any country of the Territory other than the United States and continuing until the expiration or termination of Schering's payment obligations under the Collaboration Agreement with respect to Licensed Products (or, if the Collaboration Agreement is terminated and EPIX enters into a strategic collaboration agreement with a Third Party for the commercialization of the Licensed Product, then upon the expiration or termination of such Third Party's payment obligations), EPIX agrees to pay MKG [ * ] of the royalties on annual Gross Profits received by EPIX from Schering pursuant to Sections 7.7 and 7.8 of the Collaboration Agreement (each such payment hereinafter referred to as a "Royalty Payment").
Sample 1
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Commencing upon the second (2nd) anniversary of the Effective Date and continuing until the first commercial sale of the first Human Therapeutic Product, LICENSEE will pay FOUNDATION an annual license maintenance fee of $[**] on each anniversary of the Effective Date.
Sample 1
Commencing upon the. First Commercial Sale, OncoMed shall keep true and accurate records and books of account containing all data necessary for the calculation of payments payable to Lonza, for a duration of [***] years from the date of origination of such books or records. Such records and books of account shall, upon reasonable notice having been given by Lonza, but in no case more than [***] (provided that if the results of any inspection show an underpayment to Lonza, Lonza shall be entitled to one further audit), be open during business hours for inspection by an independent certified public accountant appointed by Lonza and reasonably acceptable to OncoMed. Results of any such inspection shall be made available to both Lonza and OncoMed. The independent, certified public accountant shall disclose to Lonza only information relating to the amounts which the independent auditor believes to be due and payable hereunder to Lonza, details concerning any discrepancy from the amount paid and the amount due, and shall disclose no other information revealed in such audit. Any and all records examined by such independent accountant shall be deemed OncoMed’s confidential information which may not be disclosed by said independent, certified public accountant to any third party except as expressly provided herein. If any inspection of the books and records of OncoMed reveals that OncoMed’s payments under this Agreement were less than the amount which should have been paid, then OncoMed shall make all payments required to be made to eliminate any discrepancy within [***]. If, as a result of any inspection of the books and records of OncoMed, it is shown that payments to Lonza under this Agreement were more than the amount which should have been paid, then the amount of the overpayment shall be refunded to OncoMed within [***] or be credited against future payments, at OncoMed’s option. Lonza shall pay for such audits, except that in the event that OncoMed underpaid payments by more than [***] during any calendar quarter period under review, OncoMed shall pay the reasonable costs of the audit.
Sample 1

Related to Commencing upon the

  • Winding Up Affairs Upon Termination In the event that this Contract is terminated for any reason, the parties agree that the provisions of this paragraph survive termination:

  • Rights and Payments Upon Termination The Executive’s right to compensation and benefits for periods after the date on which his employment with the Company terminates for whatever reason (the “Termination Date”), shall be determined in accordance with this Section 6 as follows:

  • Termination Upon or Following a Change of Control (a) A Change of Control of the Company ("Change of Control") shall be deemed to have occurred upon the happening of any of the following events:

  • Payments Upon Termination 4.1 The Customer shall pay the Company liquidated damages (total monthly fee as specified in the Sales and Services Agreement x remaining months in the Term) upon the occurrence of any of the following events before the expiry of the Term:

  • Withdrawals upon Termination 31.4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order:

  • Release Upon Termination of the Issuer’s Obligations Subject to Section 9.10, in the event that the Issuer delivers to the Indenture Trustee, in form and substance reasonably acceptable to the Indenture Trustee, an Officers’ Certificate (and upon receipt, the Indenture Trustee may conclusively rely upon such Officers’ Certificate and shall have no duty to make any determination or investigation with respect to the contents thereof) certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Secured Obligations under this Indenture and the Security Documents that are due and payable at or prior to the time such principal, together with accrued and unpaid interest (including additional interest, if any), are paid, or (ii) all the obligations under this Indenture, the Notes and the Security Documents have been satisfied and discharged by complying with the provisions of Article 7, the Indenture Trustee shall deliver to the Issuer a notice stating that the Indenture Trustee, on behalf of the Holders, disclaims and gives up any and all rights it has in or to the Collateral, and any rights it has under the Security Documents, and upon delivery of such notice, the Indenture Trustee shall be deemed not to hold a Lien in the Collateral on behalf of the Holders and shall do or cause to be done all acts reasonably necessary to release such Lien as soon as is reasonably practicable.

  • PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION (a) Upon the occurrence of an Event of Termination (as herein defined) during the Executive's term of employment under this Agreement, the provisions of this Section shall apply. As used in this Agreement, an "

  • Condition upon Termination Upon the termination of the -------------------------- Lease, Tenant shall surrender the Property to Landlord, broom clean and in the same condition as received except for ordinary wear and tear which Tenant was not otherwise obligated to remedy under any provision of this Lease. However, Tenant shall not be obligated to repair any damage which Landlord is required to repair under Article 7 (Damage or Destruction). In addition, Landlord may require Tenant to remove any alterations, additions or improvements (whether or not made with Landlord's consent) prior to the expiration of the Lease and to restore the Property to its prior condition, all at Tenant's expense. All alterations, additions and improvements which Landlord has not required Tenant to remove shall become Landlord's property and shall be surrendered to Landlord upon the expiration or earlier termination of the Lease, except that Tenant may remove any of Tenant's machinery or equipment which can be removed without material damage to the Property. Tenant shall repair, at Tenant's expense, any damage to the Property caused by the removal of any such machinery or equipment. In no event, however, shall Tenant remove any of the following materials or equipment (which shall be deemed Landlord's property) without Landlord's prior written consent: any power wiring or power panels; lighting or lighting fixtures; wall coverings; drapes, blinds or other window coverings; carpets or other floor coverings; heaters, air conditioners or any other heating or air conditioning equipment; fencing or security gates; or other similar building operating equipment and decorations except to the extent installed by Tenant.

  • EFFECTIVENESS, DURATION AND TERMINATION (a) This Agreement shall become effective with respect to a Fund immediately upon the later of approval by a majority of the Trust's trustees who are not parties to this Agreement or interested persons of any such party (other than as trustees of the Trust) and, if required by applicable law, by a vote of a majority of the outstanding voting securities of the Fund.

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits:

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