Common use of Initial License Payment Clause in Contracts

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. On the Effective Date, and in partial consideration of the grant by Millennium to Bayer of the licenses set forth in Article IIIIV, Bayer shall make made an initial license payment to Millennium of Thirty-Three Million Four Hundred Thousand [**] Dollars ($33,400,000[**]).