Common use of Initial License Fees Clause in Contracts

Initial License Fees. In consideration for the licenses to the Licensed Patents, Licensed Know-How, and Licensor Improvements, within [***] days after the Effective Date, Licensee will pay Licensor a license fee of Three Million US Dollars ($3,000,000).

Initial License Fees. In consideration for the licenses to the Licensed Patents, Licensed Know-How, and Licensor Improvements, within [***] days after the Effective Date, Licensee will pay Licensor a license fee of Four Million, Three Million Hundred and Fifty Thousand US Dollars ($3,000,0004,350,000).