Common use of Milestone Triggering Clause in Contracts

Milestone Triggering. For the avoidance of doubt, each milestone amount set forth in this Section 8.2.1 shall be payable no more than once, but all three milestones need not be achieved by the same Licensed Product in order to trigger Sarepta’s payment obligations. For example, if a [**] with respect to a Licensed Product, then Sarepta shall pay to Summit [**]. If the Parties then [**] with respect to such Licensed Product [**] with respect to such Licensed Product is [**], and [**] is then [**] with respect to a [**] Licensed Product, then Sarepta shall be under no obligation to pay Summit for such [**]. However, if the milestone event set forth in row (iii) of TABLE 8.2.1 has not yet occurred and [**] in the Sarepta Territory with respect to such [**] Licensed Product, Sarepta shall pay to Summit [**].