Regulatory Milestone Payments. BMS shall pay to BN the following one-time non-refundable milestone payments set forth in Table 1 within [***] after the first achievement of the specified milestone event for the first indication by BMS, its Affiliates or its Sublicensees for the first Product to achieve such milestone event. In no event shall milestone payments to be made pursuant to this Section 8.3 exceed $110 million in the aggregate. For clarity, such milestone payments shall not be paid on any other Products that might achieve the same milestone event. BMS shall provide written notice to BN within [***] after the first achievement of the specified milestone event by BMS or its Affiliates and within [***] after the first achievement of the specified milestone event by its Sublicensees. [***] $ [***] [***] $ [***] [***] $ [***]
Appears in 3 contracts
Sources: Option and License Agreement (Bavarian Nordic a/S / ADR), Option and License Agreement (Bavarian Nordic a/S / ADR), Option and License Agreement (Bavarian Nordic a/S / ADR)