Common use of Signing Payment Clause in Contracts

Signing Payment. In partial consideration for the acquisition of license rights under the Theravance Patents and the Theravance Know-How by GSK under this Agreement, GSK shall on the Effective Date, pay to Theravance a non-creditable, non-refundable amount of Ten Million United States Dollars (U.S. $10,000,000).

Appears in 4 contracts

Sources: Collaboration Agreement (Theravance Inc), Collaboration Agreement (Theravance Inc), Collaboration Agreement (Theravance Inc)