License Option Exercise Fee Clause Samples
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License Option Exercise Fee. In partial consideration of the rights granted by Licensor to Denali hereunder and subject to the terms and conditions set forth in this Agreement, Denali shall pay to Licensor the non-refundable, non-creditable sum of [***] within thirty (30) days after the exercise of each License Option.
License Option Exercise Fee. In connection with the exercise of its License Option with respect to a Program, subject to the occurrence of the License Option Effective Date, Gilead shall pay to Merus the non-refundable, non-creditable License Option Exercise Fee in accordance with Section 6.4.
License Option Exercise Fee. No later than [***] following Wugen’s delivery of an Option Exercise Notice with respect to an Option Molecule, Wugen shall pay HCW an option exercise payment of [***] (the “Option Exercise Fee”).