Common use of Technology Transfer Fee Clause in Contracts

Technology Transfer Fee. Kirin shall pay Dendreon a non-refundable technology transfer fee in the amount of eight million U.S. dollars ($8,000,000), payable in accordance with the following schedule: (a) Five million dollars ($5,000,000) in cash on the Effective Date. (b) Three million dollars ($3,000,000) in cash within [ * ] of the [ * ] of the [ * ] for the [ * ]. For purposes of this Section, [ * ] means [ * ] on which [ * ] in [ * ] to [ * ] the [ * ]. The foregoing technology transfer fee payments are inclusive of such withholding taxes as are finally ascertained to be due and payable by Kirin on account of Dendreon and shall be made by wire transfer to an account designated by Dendreon for such purpose.

Technology Transfer Fee. Kirin shall pay Dendreon a non-refundable technology transfer fee in the amount of eight million [ * ] U.S. dollars ($8,000,000)[ * ], payable in accordance with the following schedule: (a) Five million [ * ] dollars ($5,000,000) [ * ] in cash on the Effective Date. (b) Three million [ * ] dollars ($3,000,000) [ * ] in cash within [ * ] of the [ * ] of the [ * ] for the [ * ]. For purposes of this Section, [ * ] means [ * ] on which [ * ] in [ * ] to [ * ] the [ * ]. The foregoing technology transfer fee payments are inclusive of such withholding taxes as are finally ascertained to be due and payable by Kirin on account of Dendreon and shall be made by wire transfer to an account designated by Dendreon for such purpose.