Selected Targets. BMS shall make a milestone payment to Exelixis of [ * ] after BMS’ selection, pursuant to Section 3.3 or 5.5(e), of (i) the sixth BMS Selected ET and (ii) each subsequent sixth BMS Selected ET (wherein the counting of BMS Selected ETs restarts at one after each group of six). Upon the first JSC meeting after the end of the Initial Research Term, BMS shall make a milestone payment to Exelixis equal to [ * ].
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Selected Targets. BMS shall make a milestone payment to Exelixis of [ * ] after BMS’ ' selection, pursuant to Section 3.3 or 5.5(e), of (i) the sixth BMS Selected ET Target and (ii) each subsequent sixth BMS Selected ET Target (wherein the counting of BMS Selected ETs Targets restarts at one after each group of six). Upon the first last JSC meeting after the end of the Initial Research Term, BMS shall make a milestone payment to Exelixis equal to [ * ].
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