Common use of Technology Fee Clause in Contracts

Technology Fee. ASTI shall pay Allergan in arrears the following Technology Fee payments: (a) $833,333 thirty days after the date of the Distribution and $833,333 on the same day of each of the next eleven months; (b) $558,333 per month on the same day of each of the next twelve months; (c) $275,000 per month on the same day of each of the next twelve months; and (d) $166,667 per month on the same day of each of the next twelve months; provided, however, that ASTI shall no longer be obligated to make such payment beginning with any month following the date on which the total number of ASTI Products either under development by ASTI pursuant to the Research and Development Agreement or licensed to Allergan pursuant to Allergan's exercise of the License Option is less than two.

Technology Fee. ASTI shall pay Allergan in arrears the following Technology Fee payments: (a) $833,333 thirty days after per month for the date of the Distribution and $833,333 on the same day of each of the next eleven monthsfirst twelve months following October 23, 1997; (b) $558,333 per month on the same day of each of the next twelve months; (c) $275,000 per month on the same day of each of the next twelve months; and (d) $166,667 per month on the same day of each of the next twelve months; provided, however, that ASTI shall no longer be obligated to make such payment beginning with any month following the date on which the total number of ASTI Products either under development by ASTI pursuant to the Research and Development Agreement or licensed to Allergan pursuant to Allergan's exercise of the License Option is less than two.under