First Indication. Reneo shall make each of the non-refundable and non-creditable development milestone payments set forth in the table below in this Section 3.3(a) (“Table 3.3(a)”) to vTv within thirty (30) days after the first achievement (whether by or on behalf of Reneo or any of its Affiliates or, subject to Section 3.6, Sublicensees) of the corresponding milestone event set forth in Table 3.3(a) by the first Licensed Product to achieve such milestone event. The Indication in which each milestone event in Table 3.3(a) is first achieved by any Licensed Product is referred to herein as the “First Indication”; provided, however, that the Indication constituting the “First Indication” in which a given milestone event in Table 3.3(a) is achieved may be the same as or different from the Indication constituting the “First Indication” in which any other milestone event in Table 3.3(a) is achieved. Each milestone payment set forth in Table 3.3(a) shall be paid only once during the Term, for the first time any Licensed Product reaches such milestone event for the First Indication in which such milestone event is achieved, and regardless of the number of Licensed Products that achieve such milestone event, the number of times such milestone event is achieved by any Licensed Product, or the number of additional Indications in which such milestone event is subsequently achieved. For clarification, the total milestone payments payable under this Section 3.3(a) if all milestone events in Table 3.3(a) are achieved is [***]. Milestone Event Milestone Payment [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]
First Indication. Licensee shall make each of the following one-time, non-refundable, non-creditable milestone payments to Schering upon first occurrence of the corresponding milestone event with respect to the Development of Licensed Product for the First Indication in the Field. Event Payment [ * ] [ * ] [ * ] [ * ] [ * ] [ * ] [ * ] [ * ] [ * ] [ * ]
First Indication. The choice of the First Indication will be stated in the Development Plan and will be the focus of initial clinical development activities thereunder to support regulatory approval of Compound Product in Japan.
First Indication. (i) Upon the earlier of (i) the successful completion of the [] or (ii) []* $ [] *
First Indication. In partial consideration of the rights granted by AstraZeneca to Licensee hereunder, the following amounts shall be payable to AstraZeneca from Licensee within [***] ([***]) [***] after the achievement of each of the following milestone events with respect to a Licensed Product in the first indication to reach such milestone, which shall be non-refundable, non- creditable and fully earned upon the achievement of the applicable milestone event: [***] [***] US Dollars (USD $[***]) [***] [***] US Dollars (USD $[***]) [***][***] [***] US Dollars (USD $[***]) [***] [***] US Dollars (USD$[***]) [***] [***] US Dollars (USD$[***]) Each milestone in this Section 4.3.1 shall be accrued on a Licensed Product-by-Licensed Product basis based on the first achievement of such milestone for the applicable Licensed Product, and shall be paid after the first commercial booking for the Licensed Product.
First Indication. Attached hereto as Exhibit B is the development plan and budget (the "First Indication Plan and Budget") for the Development of the First Indication. The First Indication Plan and Budget shall be updated as deemed appropriate by the JDC, but in no event less frequently than annually. Any changes or updates to the First Indication Plan and Budget shall be subject to the review and approval of the Management Board as provided in Section 7.3(a)(xv).
First Indication. In partial consideration of the rights granted by Highlightll to Biohaven hereunder, the following amounts shall be payable to Highlightll from Biohaven within [***] after the achievement of each of the following milestone events with respect to CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. the first Licensed Product in the first indication to reach such milestone (whether by Biohaven, an Affiliate, or a Sublicensee), which shall be non-refundable, non- creditable and fully earned upon the achievement of the applicable milestone event: Milestone Event US Dollars [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]
First Indication. Milestone Event One-Time Payment for the first of: [*] A B Payment to Sutro for [*] Payment to Sutro for [*]
First Indication. The Parties shall perform the studies and other activities described in the Initial Development Plan and Budget for VP Product for the First Indication.
First Indication. U.S. dollars ($******) upon the first Regulatory Approval in the United States of an NDA for VP Product for the First Indication ****** for the First Indication ******:
