Subsequent Access Fees Sample Clauses

Subsequent Access Fees. Subject to the terms and conditions of this Agreement, if at any time after [†] (a) Omeros exercises its Option for an Additional Target and (b) such exercise is the first exercise by Omeros of its Option for any Additional Target during the then-current calendar year, then Omeros shall pay North Coast a fee (a “Subsequent Access Fee”) on invoice, to be submitted upon mutual execution of the Additional Target Research Plan for such Additional Target, for access rights to North Coast’s Pre-existing Intellectual Property and the New North Coast Intellectual Property to be used by North Coast for Omeros’ benefit in performing the Services described under such Additional Target Research Plan and any other Research Plans covering Additional Targets for which Omeros exercises its Option during such calendar year, and to permit Omeros to use, develop, commercialize, sell and distribute the Deliverables provided under such Additional Target Research Plan and any other such Research Plans. A Subsequent Access Fee is payable by Omeros only one time during such calendar year, regardless of how many Additional Targets Omeros’ exercises its Option for during a calendar year, and regardless of how many antibodies North Coast generates against any Additional Targets during such calendar year. The Subsequent Access Fee shall be: 3.1.a.2.1 [†] for the first calendar year after [†] in which Omeros exercises its Option (“Calendar Year I”), 3.1.a.2.2 [†] for the first calendar year after Calendar Year I in which Omeros exercises its Option (“Calendar Year II”), and 3.1. a.