Common use of Creditable Payments Clause in Contracts

Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. For example:

Appears in 2 contracts

Sources: Merger Agreement (CareDx, Inc.), Merger Agreement (CareDx, Inc.)

Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. For example:: [***]

Appears in 2 contracts

Sources: Exclusive (Equity) Agreement (10x Genomics, Inc.), Exclusive (Equity) Agreement (10x Genomics, Inc.)

Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year, including the [*****]minimum fee. For example:: [*****]

Appears in 1 contract

Sources: Exclusive License Agreement (Versartis, Inc.)