Common use of Payments and Royalties Clause in Contracts

Payments and Royalties. 4.1 For the rights, privileges and license granted hereunder, LICENSEE shall pay to CMCC in the manner hereinafter provided to the end of the term of the Patent Rights or until this Agreement shall be terminated as hereinafter provided, whether the milestones are achieved under the sponsorship of LICENSEE or a sublicensee, the following milestone payments totaling $1,000,000 (one million dollars):

Payments and Royalties. 4.1 For the rights, privileges and license granted hereunder, LICENSEE shall pay to CMCC in the manner hereinafter provided to the end of the term of the Patent Rights or until this Agreement shall be terminated as hereinafter provided, whether the milestones are achieved under the sponsorship of CMCC, LICENSEE or a sublicenseeSublicensee, the following milestone payments totaling $1,000,000 * (one million * dollars):) for each Licensed Product:

Payments and Royalties. 4.1 For the rights, privileges and license granted hereunder, LICENSEE shall pay to CMCC in the manner hereinafter provided to the end of the term of the Patent Rights or until this Agreement shall be terminated as hereinafter provided, whether the milestones are achieved under the sponsorship of CMCC, LICENSEE or a sublicenseeSublicensee, the following milestone payments totaling $1,000,000 1,500,000 (one million and five hundred thousand dollars):) for each Licensed Product: