Common use of Development Fee Credits Clause in Contracts

Development Fee Credits. All payments pursuant to Section 7.2.2.1, Section 7.2.2.2(a) and Section 7.2.2.2 (b), shall be deemed “Extension Payments.” In the event that Licensee pays Symphony the Development Fee pursuant to Section 4.3.3 prior to December 31, 2015, the Development Fee otherwise payable shall be reduced by *** of the sum of all Extension Payments received by Symphony.

Appears in 2 contracts

Sources: License Agreement (Kadmon Holdings, LLC), License Agreement (Kadmon Holdings, LLC)