Development Milestone Payment. Within **** following ****, AveXis shall pay to AskBio Six Hundred Thousand Dollars ($600,000) (the “Milestone Payment”). The Milestone Payment will be payable only once regardless of (a) whether such milestone is achieved by more than one Licensed Product and (b) whether such milestone is achieved by AveXis, or any Sublicensee (or any of their respective permitted sublicensees). The Milestone Payment shall ****. For avoidance of doubt, the Milestone Payment remains in effect on a country-by-country basis until the later of ****.
Appears in 3 contracts
Sources: Non Exclusive License Agreement (AveXis, Inc.), Non Exclusive License Agreement (AveXis, Inc.), Non Exclusive License Agreement (AveXis, Inc.)