PAYMENTS BY Clause Samples
The "PAYMENTS BY" clause defines the obligations and procedures for one party to make payments to another under the agreement. It typically specifies the timing, method, and currency of payments, and may outline acceptable forms of payment such as bank transfers or checks. This clause ensures that both parties are clear on how and when payments should be made, reducing the risk of disputes or delays related to financial transactions.
PAYMENTS BY. CENTOCOR ---------------------------------
4.01 CENTOCOR shall pay to ▇▇▇▇-▇▇▇▇▇▇ [**] Dollars [**] in the first year of this Agreement in support of the research to be conducted. [**] Dollars and [**] Cents [**] shall be paid upon the signing of this Agreement and at quarterly intervals thereafter.
4.02 The second year of the Agreement shall be paid at quarterly intervals at a funding level of [**] , assuming reasonable progress and provided CENTOCOR shall approve the Plan for Research for such year.
4.03 The third year of the Agreement shall be paid in the same manner as the second year and the funding level will be [**] , assuming reasonable progress and provided CENTOCOR shall approve the Plan for Research for such year.
4.04 The fourth year of the Agreement shall be paid in the same manner as the third year and the funding level will be [**] , assuming reasonable progress and provided CENTOCOR shall approve the Plan for Research for such year.
4.05 The fifth year of the Agreement shall be paid in the same manner as the fourth year and the funding level will be [**] , assuming reasonable progress and provided CENTOCOR shall approve the Plan for Research for such year.
4.06 At each yearly anniversary of the Agreement, the parties shall determine whether ▇▇▇▇-▇▇▇▇▇▇ has made reasonable progress in the Field. In the event it is established that
PAYMENTS BY. CENTOCOR ----------------------------------
3.01 In consideration of the rights granted hereunder, CENTOCOR shall pay to UA [**] dollars [**] in the first Agreement Year in support of the Research to be conducted in such year, payable at quarterly intervals. Centocor shall also pay to UA [**] dollars [**] within thirty (30) days of Effective Date as an upfront license fee.
3.02 Subject to the provisions of Article 1.02, the second and third Agreement Years shall be funded at levels specified in the approved Research Plan and Budget for each Agreement Year, and payments shall be made quarterly.
PAYMENTS BY. 9.2.1 From and after the Effective Date, [*] for all reasonable costs associated with prosecuting and maintaining the patents within the Patent Rights; provided, that [*] prior approval shall be required for any costs in excess of [*], other than any previously approved costs, which approval shall not be withheld unreasonably. If [*] for the prosecution and maintenance of an application or patent within the Patent Rights, in any country it shall promptly notify [*]. If [*] with respect to an application or patent within the Patent Rights in [*] the subject patent or patent application, respectively, shall cease to be within the Patent Rights in such country for purposes of this Agreement. If [*] with respect to an application or patent within the Patent Rights in any country other than those listed in the preceding sentence, the license granted to Licensee under such application or patent (as the case may be) shall [*].
9.2.2 It is understood that a potential exists that subject matter covered by the Patent Rights may overlap with subject matter covered by certain other patent rights owned or controlled by Licensee. Although the parties are not aware of the extent of such overlap, if any, as of the Effective Date, in the course of prosecuting the patents it is anticipated that such an overlap may become [*] Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
PAYMENTS BY the Reinsurer shall be made directly to the receiver of the Ceding Company except where this Agreement specifically provides another payee for such reinsurance in the event of the insolvency of the Ceding Company.
PAYMENTS BY. CENTOCOR ----------------------------------
3.01 CENTOCOR shall pay to UTHSC [**] dollars [**] in the first year of this Agreement in support of the Research to be conducted in such year payable at quarterly intervals. University of Texas Health Science Center - Centocor, Inc. Agreement 0399D/Sep 9/25/86 -6
3.02 Subject to the provisions of Article 1.02, the second and third Agreement years shall be funded at levels specified in the approved Research Plan and Budget for each Agreement year, and payments shall be made quarterly.
PAYMENTS BY. CENTOCOR ---------------------------------- 3.01 CENTOCOR shall pay to UTHSC eighty-four thousand, nine hundred and thirty-seven dollars ($84,937) in the first year of this Agreement in support of the Research to be conducted in such year payable at quarterly intervals. University of Texas Health Science Center - Centocor, Inc. Agreement 0399D/Sep 9/25/86 -6