Common use of Event Payments Clause in Contracts

Event Payments. Roche shall pay up to a total of Two Hundred Sixty-Two Million Five Hundred Thousand US Dollars (US$ 262,500,000) in relation to the achievements of events with respect to Licensed Products. The event payments under this Section 9.2 shall be paid by Roche according to the following schedule of development events. Event US Dollars (in millions) IND Clearance- Related Events (a) IND Clearance (if IND Clearance is achieved on or before September 15, 2016) $ 22.5 *

Appears in 1 contract

Sources: License Agreement (Eleven Biotherapeutics, Inc.)

Event Payments. Roche shall pay up to a total of Two Hundred Sixty-Two Million Five Hundred Thousand US Dollars (US$ 262,500,000) in relation to the achievements of events with respect to Licensed Products. The event payments under this Section 9.2 shall be paid by Roche according to the following schedule of development events. Event US Dollars (in millions) IND Clearance- Clearance-Related Events (a) IND Clearance (if IND Clearance is achieved on or before September 15, 2016) $ 22.5 $22.5*

Appears in 1 contract

Sources: License Agreement (Eleven Biotherapeutics, Inc.)