Initial License Payment Sample Clauses
The Initial License Payment clause establishes the requirement for the licensee to make a specified upfront payment to the licensor as a condition for obtaining the rights granted under the license agreement. Typically, this payment is due upon execution of the agreement or within a set timeframe, and it may be a fixed sum or calculated based on certain criteria, such as the scope of the license or anticipated usage. This clause ensures that the licensor receives immediate compensation for granting the license, thereby providing financial security and confirming the licensee's commitment to the agreement.
Initial License Payment. Calithera shall make a one-time payment to HPP of Six Hundred Thousand Dollars ($600,000) no later than thirty (30) days after the Effective Date as upfront consideration for the license granted hereunder.
Initial License Payment. ROCHE will make a non-refundable, non-creditable payment to SYNTA of sixteen million dollars ($16,000,000) within ten (10) Business Days after the Effective Date and receipt of invoice from SYNTA.
Initial License Payment. In consideration of the rights to MacroGenics Intellectual Property granted herein within *** of the later of the Effective Date and receipt of Invoice and duly signed original of the Agreement, BI shall pay to MacroGenics a non-creditable and non-refundable sum of Fifteen Million Dollars ($15,000,000).
Initial License Payment. Sanofi will, within ten (10) Business Days of the Effective Date, make a non-refundable, non-creditable payment to Rib-X of Ten Million Dollars ($10,000,000).
Initial License Payment. In consideration of the rights to 4DMT Intellectual Property granted herein, uniQure shall pay to 4DMT non-creditable and non-refundable sums of:
(a) One Hundred Thousand Dollars ($100,000) within [***] ([***]) Business Days after the later of (i) the Effective Date and (ii) receipt of an Invoice for such amount and a duly signed original of this Agreement and, thereafter, (b) One Hundred Thousand Dollars ($100,000) within [***] ([***]) Business Days after the later of (i) the JRSC’s approval of the initial Research Plan (including its associated budget) and (ii) receipt of an Invoice for such amount.
Initial License Payment. On the Effective Date, and in partial consideration of the grant by Millennium to Bayer of the licenses set forth in Article III, Bayer shall make an initial license payment to Millennium of Thirty-Three Million Four Hundred Thousand Dollars ($33,400,000).
Initial License Payment. ARIOagrees to pay nStor an initial license payment of $250,000 (“Initial License Payment”) upon (i) signing of this Agreement, (ii) receiving the nStor Customer List,and (iii) receiving the design documents and source codes described in Schedule A, Section (i). Promptly upon ARIO’s order thereof, nStor will deliver 6 enclosures and associated components (power supplies, fans, but no disk drives), at ARIO’s expense, at a price of 57% off nStor current list price.
Initial License Payment. The Licensee shall pay the Licensor for consideration in granting said license to the Licensee the sum of $100,000.00 dollars. This payment is to be received by the Licensor in payments as per the schedule below.
(a) Initial payment of $25,000 upon signing of this agreement.
(b) 10% of investment funds raised as received by P.E.R., Inc., with the balance of 25% raised as each benchmark of subsequent $100,000 is raised for P.E.R. until the $100,000 licensing fee is paid to the Licensor, no later then six (6) months after the signing of this agreement.
Initial License Payment. Within five (5) days upon execution of this Agreement, Vifor shall make a non-refundable, non-creditable cash payment of one hundred million U.S. dollars (USD $100,000,000) to Cara.
Initial License Payment. Huadong shall make the non-refundable, non-creditable payment to vTv in the amount of eight million dollars ($8,000,000), to be received within [***] Business Days after [***]. Huadong shall deliver to the bank or regulatory institutions such documentation and information not later than [***] Business Days following receipt from vTv of the items listed on Schedule 6.1. For the avoidance of doubt, (a) pursuant to Section 6.8, the payment under this Section 6.1 shall be inclusive of all applicable taxes and surcharges and (b) the cure period for payment breaches in Section 11.2 shall apply to the payment required by this Section 6.1.