One-Time Payments. The Development Milestone Payment will be paid only once on the first achievement of such Development Milestone Event by Yarrow or any of its Affiliates or Sublicensees [***], notwithstanding the potential Development of multiple Licensed Products hereunder that may involve separate Clinical Trials and regardless of how many times such Development Milestone Event is achieved or the number of Licensed Products that achieve such Development Milestone Event.
Appears in 2 contracts
Sources: Exclusive License Agreement (VYNE Therapeutics Inc.), Exclusive License Agreement (VYNE Therapeutics Inc.)
One-Time Payments. The Each Development Milestone Payment will be paid only once on the first achievement occurrence of such Development Milestone Event by Yarrow Climb or any of its Affiliates or Sublicensees [***]Sublicensees, notwithstanding the potential Development of multiple Licensed Products hereunder that may involve separate Clinical Trials or Regulatory Approval filings for multiple Indications, and regardless of how many times such Development Milestone Event is achieved or the number of Licensed Products that achieve such Development Milestone Event.
Appears in 1 contract
Sources: Technology Transfer and Exclusive License Agreement (Climb Bio, Inc.)