Common use of Licensing Consideration Clause in Contracts

Licensing Consideration. 5.14.1 For each Collaboration Target, Rayze shall pay to Nimble a portion of the Licensing Consideration received by ▇▇▇▇▇, as calculated by multiplying the applicable percentage set forth in the table below by the Licensing Consideration received by Rayze within [***] after entering the applicable License Agreement (such payment, the “Licensing Payment”). The applicable percentage will be determined by the date on which ▇▇▇▇▇ enters into the applicable License Agreement for such Collaboration Target as described below: [***] [***] % [***] [***] % [***] [***] % 5.14.2 Rayze shall provide to Nimble a copy of the applicable License Agreement together with the Licensing Payment solely for Nimble to verify the amounts of Licensing Payments payable to Nimble hereunder.