Common use of Noncash Consideration Clause in Contracts

Noncash Consideration. If Licensee receives from Sublicensees anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensors based on such cash value as set forth in Section 4.

Appears in 1 contract

Samples: License Agreement (Renovis Inc)

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Noncash Consideration. If Licensee receives from Sublicensees --------------------- anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensors Licensor based on such cash value as set forth in Section 4.

Appears in 1 contract

Samples: License Agreement (Centaur Pharmaceuticals Inc)

Noncash Consideration. If Licensee receives from Sublicensees --------------------- anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensors based on such cash value as set forth in Section 4.

Appears in 1 contract

Samples: License Agreement (Centaur Pharmaceuticals Inc)

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Noncash Consideration. If Licensee receives from Sublicensees anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensors Licensor based on such cash value as set forth in Section 4.

Appears in 1 contract

Samples: License Agreement (Renovis Inc)

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