Non-Refundable License Fee Sample Clauses

Non-Refundable License Fee. RMTI agrees to pay AMS the sum of Two Hundred Fifty Thousand Dollars ($250,000.00) license fee, which shall be non-refundable, payable in three segments: One Hundred Thousand Dollars ($100,000.00) upon execution of this Agreement; Seventy-Five Thousand Dollars ($75,000.00) within six (6) months of such date; and Seventy-Five Thousand Dollars ($75,000.00) within twelve (12) months of such date.
Sample 1
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Non-Refundable License Fee. On or before March 31, 1994, IDT agrees to pay HCI the sum of Five Hundred Thousand Dollars ($500,000.00) ("License Fee") to secure the exclusive worldwide rights to the Modified Technology for use within the Relevant Field of Use. The parties acknowledge that as of June 30, 1993, IDT has paid, and HCI has received, the sum of $178,000.00 as a partial payment of the License Fee. IDT agrees to continue to make payments on the License Fee on a semi-monthly basis depending upon the availability of funds and on the progress of clinical trials, on or before the dates and at or above the amounts shown in the following schedule until the License Fee in paid in full: Date Amount Due ---- ---------- July 5, 1993 26,000.00 July 20, 1993 26,000.00 August 5, 1993 26,000.00 August 20, 1993 26,000.00 September 5. 1993 26,000.00 September 20, 1993 26,000.00 October 5, 1993 26,000.00 October 20, 1993 26,000.00 November 5, 1993 26,000.00 November 20, 1993 26,000.00 December 5, 1993 26,000.00 December 20, 1993 36,000.00 Notwithstanding the foregoing payment schedule, in the event the License Fee is not paid in full by March 31, 1994, or if, at any time prior to March 31, 1994, IDT notifies HCI in writing that IDT will no longer make payments toward the License Fee under this Paragraph, this Agreement and the License granted hereunder shall terminate, and IDT shall have the right to convert any partial payments of the License Fee to common stock of HCI at $3.67/share. In the event of such conversion, IDT will also be granted a one-year warrant entitling IDT to purchase that number of shares equal to fifty percent (50%) of the shares received from conversion of the partial payments at an exercise price of $3.67/share. Thereafter neither party shall have any further rights against the other arising out of this Agreement.
Sample 1
Non-Refundable License Fee 
Sample 1

Related to Non-Refundable License Fee

  • Non-Refundable In the event that the fare purchased by the Passenger does not allow refunds, the ticket may be turned into a credit to be used as a payment method for future purchases for up to one year from the ticket’s original date of issuance. According to the conditions of the purchased fare or regulations established by the authorities of each country.

  • License Fee The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee. The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.

  • Fees Non-Refundable All fees set forth in this Section 2.8 shall be deemed to have been earned on the date payment is due in accordance with the provisions hereof and shall be non-refundable. The obligation of the Borrower to pay such fees in accordance with the provisions hereof shall be binding upon the Borrower and shall inure to the benefit of the Administrative Agent and the Banks regardless of whether any Loans are actually made.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof.

  • Milestone Payment (i) The first time Net Sales in the Territory in a Royalty Period exceed [***] [***]

  • Milestone Payments From and after the Closing Date but prior to the expiration of the Put Option Period (the “Post-Closing Milestone Period”), in addition to the consideration set forth in Section 1.6(c) above, in the event that (x) the Acquired Company has achieved the Base Milestones and the Sellers’ Representative has delivered a Milestone Completion Notice, but the Acquired Company has not achieved an Additional Milestone on the Closing Date, and (y) the Acquired Company achieves the Additional Milestone during the Post-Closing Milestone Period, Purchaser shall pay to Sellers the additional amount payable in respect of such Additional Milestone in cash or, at Purchaser’s sole election, in shares of Purchaser Common *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. Stock, as set forth in Section 1.6(b)(iii) (each, a “Milestone Payment,” and collectively, the “Milestone Payments”). The Milestone Payments and the Initial Purchase Price shall be referred to herein together as the “Aggregate Purchase Price.” Upon achieving an Additional Milestone, Purchaser shall promptly provide written notice to Sellers’ Representative specifying the Additional Milestone achieved, and Purchaser shall pay the applicable Milestone Payment to Sellers within ten (10) Business Days thereof to the bank accounts or brokerage accounts indicated by the Sellers in accordance with the Proceeds Allocation, subject in each case, to the dispute resolution procedures set forth in Section 1.11. In the event of a Change of Control of Purchaser, Purchaser agrees to either (a) cause the acquirer to assume, whether in writing or by operation of law, all remaining Milestone Payments subject to the terms and conditions set forth herein or (b) accelerate the remaining Milestone Payments such that the Milestone Payments become payable immediately prior to the closing of the Change of Control transaction.

  • License Maintenance Fee Beginning and each thereafter, ***** will pay Stanford a yearly license maintenance fee of $ . Yearly maintenance payments are nonrefundable.

  • Sublicense Fees Licensee will pay Sublicense Fees indicated in Section 3.1(e) of the Patent & Technology License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

  • Milestone Fees Licensee will pay Milestone Fees indicated in Section 3.1(b) of the Patent & Technology License Agreement by the Quarterly Payment Deadline for the Contract Quarter in which the milestone events set forth in Section 3.1(b) of the Patent & Technology License Agreement are achieved.

  • License Maintenance Fees COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: [January 1, year] [dollar amount] [January 1, year] [dollar amount] [and each January 1 of every year thereafter] [dollar amount] This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.

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