Exercise Fee Sample Clauses
The Exercise Fee clause defines the payment required when a party chooses to exercise a specific right or option under the agreement. Typically, this fee becomes due when, for example, a lessee exercises a purchase option at the end of a lease term or an investor exercises a warrant to buy shares. The clause outlines the amount, timing, and method of payment for the fee. Its core function is to ensure that the party exercising the right compensates the other party appropriately, thereby providing clarity and preventing disputes over the financial terms of exercising contractual options.
Exercise Fee. Upon the Effective Date of this Agreement, TGTX shall pay to Rhizen a fully earned, non-refundable, one-time, up-front license fee equal to the sum of Eight Million Dollars ($8,000,000) (the “Exercise Fee”), which shall be payable fifty percent (50%) in cash and fifty percent (50%) in shares of TGTX Common Stock (the “Exercise Shares”). Upon signature of this Agreement, Rhizen shall provide an original invoice for the TGTX Exercise Fee to TGTX, who shall pay the cash portion of the Exercise Fee within fifteen (15) days of receipt of such invoice.
Exercise Fee. Due and payable at least 30 days prior to first offer for sale of a SINGULEX KIT or SINGULEX SERVICE utilizing such MPI PRODUCT. For the avoidance of doubt, without payment of the applicable Exercise Fee, SINGULEX may use any of these MPI PRODUCTS for internal research purposes related to the development of SINGULEX PRODUCTS or SINGULEX SERVICES on SINGULEX’s purchase thereof under Article 4 above. If SINGULEX desires to use an MPI PRODUCT for internal research use unrelated to the development of SINGULEX PRODUCTS or SINGULEX SERVICES, then the pricing in Exhibit C would not apply, and purchases for such use would be at standard retail pricing.
Exercise Fee. Within thirty (30) days of Lilly exercising such Compound 1508Y/1553A Option for Compound 1508▇, ▇▇▇▇▇ ▇▇▇ll pay SIBIA [*] Dollars ($[*]).
Exercise Fee. Within ten (10) business days following exercise of the Option, Licensee will pay a [***] exercise fee (the “Exercise Fee”), such Exercise Fee to be reduced by [***] as a credit in respect of the upfront payment made pursuant to Section 3.1.1 above.
Exercise Fee. The Lessee shall pay on completion of the Lease an exercise fee equal to £TBC per megawatt (MW)of generating capacity permitted by the relevant planning permission index linked by reference to RPIX from the date the option starts .
Exercise Fee. Within [**] following execution of the first such License Agreement for a Licensed Compound under Section 3.2(b), B&L shall pay to PTC the sum of [**] Dollars ($[**]), and within [**] following execution of each subsequent License Agreement for a Licensed Compound under Section 3.2(b), B&L shall pay to PTC the sum of [**] Dollars ($[**]). Such amounts shall be paid via check or wire transfer to a bank account designated by PTC at the time of execution of each such License Agreement.
Exercise Fee. The exercise fee provided by Genentech to PDL in consideration for execution of this License Agreement shall be as set forth in Section 3.2 of the 2014 Amended PLMA.
Exercise Fee. Upon the Effective Date of this Agreement, TGTX shall pay to Novimmune a fully earned, non-refundable, one-time, up-front license fee equal to the sum of 15 ($ * ) [or * ($ * ), if Novimmune exercises their put option under the provisions of the JV Agreement] (the “Exercise Fee”), which shall be payable in cash and/or shares of TGTX Common Stock (the “TGTX Shares”) at the discretion of TGTX. Upon signature of this Agreement, Novimmune shall provide an original invoice for the TGTX Exercise Fee to TGTX, who shall pay the cash portion of the Exercise Fee within * ( * ) days of receipt of such invoice. For payments made in TGTX Shares pursuant to this Section 4, such portion of the Exercise Fee shall be made through the issuance of that number of shares of Common Stock of TGTX as shall equal a fraction where the numerator is * and the denominator is the * . For purposes of this Section 4, the “ * ” means the * (or, * , * ) for the * ( * ) trading days prior to the Effective Date; provided, however, that in the event that TGTX effects a stock split, combination or stock dividend at any time during such * trading days or subsequent thereto and prior to the issuance of the TGTX Shares, the number of shares of TGTX Common Stock issuable shall be appropriately adjusted to give effect to such action. Within * ( * ) business days of the Effective Date, TGTX shall issue to Novimmune certificates representing the TGTX Shares and within * ( * ) business days of the issuance of such certificates for the TGTX shares, TGTX shall file a resale registration statement covering such shares and shall use Diligent Efforts to make such resale registration statement effective as quickly as possible. TGTX covenants to use Diligent Efforts to keep such registration statement continuously effective until such time as such shares can be sold without restriction under Rule 144.
Exercise Fee. Within thirty (30) days of the issuance of written notice to Immersion by a Sony Entity electing to exercise the option of Section 4.2, Immersion shall be paid a non-refundable, one-time exercise fee [****] in order to exercise rights under Section 4.2. [****]