Common use of Sublicensing Consideration Clause in Contracts

Sublicensing Consideration. In addition to the running royalty payments due pursuant to subsection A3.3 of this Exhibit A on the Net Sales by any Sublicensee, Company will pay to University a percentage of all Sublicensing Consideration, depending upon the milestones achieved in developing Licensed Products at time of execution of Sublicense according to the schedule below. The Sublicensing Consideration fee shall be due [***] days after Sublicensing Consideration is received by Company from Sublicensee. Sublicensing Consideration shall be fully creditable against milestone payments due to University based upon activities of the same Sublicensee from which Sublicensing Consideration was received. A3.10.1. [***] of all Sublicensing Consideration except where additional milestones have been achieved by Company at time of execution of Sublicense as follows: A3.10.2. [***] of all Sublicensing Consideration where University has been notified pursuant to section A2.1 above that [***]; or A3.10.3. [***] of all Sublicensing Consideration if [***]; or A3.10.4. [***] of all Sublicensing Consideration if [***]; or A3.10.5. [***] of all Sublicensing Consideration if [***].