Technology Fee Payments Sample Clauses
Technology Fee Payments. Technology Fee payments are due and payable no later than 30 days from the date of the event triggering the payment of the applicable Technology Fee described in 15.1.2 above.
Technology Fee Payments. In partial consideration of the Diversa Member agreeing to enter into and conduct research and development during the initial [***] term of the IE R&D Agreement, the Dow Member shall make the following payments to the Diversa Member (collectively the "Technology Fee Payments"): (i) [***] within [***] days of the date of this Agreement (the "Exclusivity Fee Payment"); (ii) [***] within [***] days of the date upon which the Company [***]; (iii) [***] within [***] days of the date upon which the Company [***]; (iv) [***] within [***] days of the date of this Agreement (the "Initial Technology Development Fee Payment"); and (v) [***] on each of the [***] subsequent anniversaries of the date of the IE R&D Agreement (collectively, the "Subsequent Technology development Fee Payments") (and the Diversa Member will provide an invoice to the Dow Member with regard to each such payment no later than [***] days prior to each such anniversary).