Consideration and Royalties. 5.1. As additional consideration for the license granted hereunder, METASYN shall issue and sell to GENERAL [ ]* shares of the common stock, $0.01 par value per share, of METASYN (the "SHARES") at par value.
Consideration and Royalties. Sxxxxxxx grants this license in consideration of the execution of the L.L.C. Agreement and the execution of a comparable Technology License Agreement between Molex and Licensee. The license granted herein is royalty-free.
Consideration and Royalties. 4.1 In consideration of the license grants from GTI to SES pursuant to this Agreement, SES (i) shall not offer for sale any competing Coal or a Coal and Biomass Mixture gasification technology during the Term; and (ii) shall pay to GTI the March-In Payment, the Royalties and GTI’s Sublicense Royalty Share in accordance with the remainder of this ARTICLE 4. GTI acknowledges and agrees that it has received from SES the one hundred ninety thousand five hundred shares (190,500) of SES restricted Common Stock required to be delivered to GTI by SES pursuant to the 2006 Agreement.
Consideration and Royalties. In consideration for the License granted by the Licensor to the Licensee under the Framework Agreement, the Licensee shall pay, issue or transfer, or procure the payment, issuance or transfer of, the following non-refundable up-front license fee (“Up-front Fees”) to the Licensor within five (5) business days of the Effective Date:
Consideration and Royalties. Licensee shall pay Licensor the sum of four hundred ninety-five thousand dollars ($495,000) upon the execution of this Agreement.
Consideration and Royalties. 8.1. In consideration of the grant of the Evaluation Rights and the Option by the University, the Company shall pay to the University the Evaluation Fee on or promptly following the Commencement Date.
Consideration and Royalties. In consideration for the license granted hereunder, NATC agrees to pay EARNED ROYALTIES to STAR SCIENTIFIC, as follows:
Consideration and Royalties. License Fee: Within thirty (30) days of the effective date of this agreement, ACORDA shall pay to MAYO a license fee of twenty-five thousand dollars ($25,000). (Fifteen Thousand ($15,000.00) of said License Fee will be deferred as long as ACORDA provides minimum financial support of a three (3) year sponsored research program in the laboratories of Drs. Larrry Xxxxx and Xxxxx Xxxxxxxxx.
Consideration and Royalties. 3.1 In addition to the Royalties, the consideration for the grant to SmarTire of the licenses herein shall be the subscription on the Closing Date by SmarTire for L 150,000 sterling in aggregate of 250,000 Ordinary Shares of 1p each in the capital of Transense credited as fully paid. Such subscription shall entitle SmarTire to options to subscribe for a further 250,000 Ordinary Shares of 1p each in the capital of Transense credited as fully paid at the lower of L 2 per share and the average of the middle market price per share during the 30 days prior to the giving of notice to Transense of exercise of such options. Such options shall be exercisable at any time during the period of two (2) years following the Closing Date whereupon it shall lapse.
Consideration and Royalties. 7.1 In consideration for the performance of all Meital's and Kobi's obligations pursuant hereto, including the transfer of all the rights in the Metail technology, effecting the delivery, assistance in the absorption of Meital's employees by Nur, assignment of the technology agreements, Kobi's and Meital's non-competition undertakings, as provided below, and for Meital's and Kobi's willingness to enter into this agreement instead of other business opportunities, Nur shall pay Meital a one-time payment as provided in clause 7.2 below (hereinafter referred to as "the consideration") and royalties as provided in clauses 7.3 to 7.9 below (hereinafter referred to as "the royalties"). VAT at its statutory rate on the date of any payment shall be added to the consideration and royalty payments specified in this clause 7. The parties shall apply to the VAT authorities to transfer to Nur the VAT payment burden in respect of the payments due to Meital pursuant hereto, in accordance with section 20 of the Value Added Tax Law, 5735-1975.
