Common use of Fixed Payments Clause in Contracts

Fixed Payments. Oculis shall pay to Accure a single, non-creditable, non-refundable one-time upfront fixed-fee payment of CHF 3,000,000 (Three Million Swiss Francs), which shall be payable as follows: fifty percent (50%) of such payment shall be paid within [***] of the Effective Date, and [***] of such payment shall be paid upon [***]. Such payment shall be subject to Oculis’s receipt from Accure of a valid invoice in accordance with Section 7.2. 6.2.1 Oculis shall [***] and [***], which [***]. Such payment shall be subject to [***]. As used herein, “[***]” means the [***].