Common use of Initial Fee Clause in Contracts

Initial Fee. In partial consideration of Editas’ grant of the rights and licenses to Juno hereunder, Juno shall pay to Editas an upfront fee of twenty-five million dollars ($25,000,000) within [**] days following the Effective Date.

Initial Fee. In The Parties recognize that, in partial consideration of Editas’ initial grant of the rights and licenses to Juno hereunderunder the Original Agreement, Juno shall pay to paid Editas an upfront fee of twenty-five million dollars ($25,000,000) within [**] days following the Effective Dateon June 1, 2015.