Common use of Third Upfront Payment Clause in Contracts

Third Upfront Payment. Terumo shall notify IceCure in writing promptly after obtaining the first ▇▇▇▇▇▇ of the Product in the Territory. In further consideration for the exclusive distribution appointment under Section 2.1, Terumo shall pay to IceCure within thirty (30) days after obtaining such ▇▇▇▇▇▇, a payment of a quarter million U.S. dollars (US$250,000) (“Third Upfront Payment”).