Common use of Monetary Payment Clause in Contracts

Monetary Payment. CBI shall pay LumiCyte Three Million Dollars ($3,000,000) within six (6) days after CBI has received fully-executed copies of each of this Settlement Agreement, the Assignment Agreement, the Exclusive License Agreement and the Stock Purchase Agreement, by wire transfer to the following account: Silicon Valley Bank ABA ▇▇▇▇▇▇▇▇▇ Acct. No. 3300196374 Acct. Name LumiCyte, Inc.