Single Milestone Payment. With respect to each set of milestone payments to be made hereunder, only one set shall ever be due and payable, regardless of the number of Licensed Products developed, approved or cleared, or sold, or whether a Licensed Product is discontinued after a milestone payment has been made. All milestone payments payable hereunder are non-refundable and non-creditable against any other payments hereunder.
Appears in 2 contracts
Sources: Development Collaboration and License Agreement (GenMark Diagnostics, Inc.), Development Collaboration and License Agreement (GenMark Diagnostics, Inc.)