License Consideration. 4.1 In consideration of the rights, privileges and license granted by University hereunder, Licensee shall pay royalties and other monetary consideration as follows:
License Consideration. In consideration for the grant of the License, the Company shall pay Yissum the following consideration during the term of the License as set forth in Section 4 above:
License Consideration. (a) The Lead Institution will have the responsibility, obligation and authority to receive and collect the License Consideration payable under the License Agreement, and perform such audits under the License Agreement as the Lead Institution deems appropriate. The Lead Institution will keep the Other Institution(s) informed as to all receipts of the License Consideration in accordance with Section 5.2. The Lead Institution will keep the Other Institution(s) reasonably informed of any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.
License Consideration. Upon the acquisition of Thelio-Pulse and Nanoblate by Licensee, Licensee shall pay the License Consideration to Licensor. Licensor’s sole remedy for Licensee’s default in its obligation to pay the License Consideration when due shall be to terminate this Agreement in accordance with Section 2.2 hereof, without further consideration or damages; provided, however, that such limitation shall not apply to other breaches of this Agreement by Licensee prior to the payment of the License Consideration.
License Consideration. Section 2.1 In consideration for the grant of the License by the Licensor, Licensee shall issue Licensor an aggregate of 10,000,000 restricted shares of Licensee's common stock, par value $0.0001 per share ("Shares"), valued for the purposes of this License Agreement at a price of $0.70 per Share ("Valuation Price").
License Consideration. In consideration of the licenses and rights granted herein, Orchid:
License Consideration. 3.1. Immediately following the Effective Date, Licensee shall be issued with 200,000 Ordinary Shares of Licensee, par value NIS 0.01 per share (the "Ordinary Shares"), at a price per share equal to NIS 0.5 (the "Upfront Payment"). The value of the Upfront Payment shall be NIS 100,000, and shall be set off against the Royalty Payments detailed under Section 3.3.
License Consideration. Licensee shall pay to Licensor the following amounts in part consideration for the license granted under this Agreement:
License Consideration. IdleAire shall not owe any License Consideration (defined below) until such time that a particular Location is completely installed and is fully operational and has been fully operational for [***]. IdleAire shall pay Pilot the greater of [***] per month (the “Minimum Monthly Exercise Fee”) or [***] of the [***] collected by IdleAire for the Basic Services per Location during the term of this Agreement, commencing with the fourth month of full operation of each particular Location. The Exercise Fee and the Minimum Monthly Exercise Fee shall increase by [***] every [***] during the term of this Agreement. The [***] shall be calculated using the anniversary date of the first payment of the Exercise Fee. IdleAire shall pay Pilot [***] of the [***] realized from the provision of Auxiliary Services. [***]. The Monthly Exercise Fee plus the [***] of the [***] realized from the provision of Auxiliary Services shall be referred to herein as “License Consideration”. In all cases Related Expenses shall be limited to [***] of [***] collected by IdleAire or Pilot for any reporting Period for the Services. Related Expenses shall mean all costs and expenses, calculated using Generally Accepted Accounting Principles (GAAP), incurred by IdleAire Technologies Corporation (or designated subsidiary, if any) with respect to the monthly expenses related to the: (i) direct costs of operating the services; (ii) anticipated bad debt expense as required by GAAP, if any, (iii) directly related general and administrative expenses; (iv) reasonably allocated overhead expenses directly related to the management, accounting and reporting of the services; (v) governmental dictated taxes.
License Consideration. In consideration of the rights, privileges and license granted by Salk hereunder, Licensee shall pay royalties and other monetary consideration as set forth in this Section 4.
