Common use of Design Tools Clause in Contracts

Design Tools. In consideration of ArQule’s grant to Pfizer of a license to the ArQule Design Tools, as provided in Section 6.2(a), Pfizer will pay to ArQule a license fee of up to * dollars ($*). Such license fee shall be paid in quarterly installments, in advance, of * dollars ($*) for the first three (3) years of the Agreement Period. Thereafter, Pfizer shall pay * dollars ($*) per Calendar Quarter, in advance, for the next three (3) years. If Pfizer terminates pursuant to Section 8.3(a) then Pfizer shall have no further obligation to make payments under this Section 4.2.

Design Tools. In consideration of ArQule’s 's grant to Pfizer of a license to the ArQule Design Tools, as provided in Section 6.2(a), Pfizer will pay to ArQule a license fee of up to * dollars ($*). Such license fee shall be paid in quarterly * installments, in advance, of * dollars ($*) for the first three (3) years * of the Agreement Period. Thereafter, Pfizer shall pay * dollars ($*) per Calendar Quarter*, in advance, for the next three (3) years*. If Pfizer terminates pursuant to Section 8.3(a) then Pfizer shall have no further obligation to make payments under this Section 4.2.