Common use of Up-Front Payment Clause in Contracts

Up-Front Payment. In consideration of the license granted to MorphoSys under Sec. 4.1, MorphoSys shall pay Xencor a one-time upfront payment of thirteen million dollars ($13,000,000), due upon execution of this Agreement and payable […***…] of the Effective Date. Such amount shall be non-refundable and shall not be creditable against any other amount due hereunder. ***Confidential Treatment Requested

Appears in 3 contracts

Samples: Collaboration and License Agreement (Xencor Inc), Collaboration and License Agreement (Xencor Inc), Collaboration and License Agreement (Xencor Inc)

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Up-Front Payment. In consideration of the license granted to MorphoSys under Sec. 4.1, MorphoSys shall pay Xencor a one-time upfront payment of thirteen million dollars ($13,000,000), due upon ***Confidential Treatment Requested execution of this Agreement and payable […***…] of the Effective Date. Such amount shall be non-refundable and shall not be creditable against any other amount due hereunder. ***Confidential Treatment Requested.

Appears in 1 contract

Samples: Collaboration and License Agreement (MorphoSys AG)

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Up-Front Payment. In consideration of the license granted to MorphoSys under Sec. 4.1, MorphoSys shall pay Xencor a one-time upfront payment of thirteen million dollars ($13,000,000), due upon execution of this Agreement and payable […***…] of the Effective Date. Such amount shall be non-refundable and shall not be creditable against any other amount due hereunder. ***Confidential Treatment Requested.

Appears in 1 contract

Samples: Collaboration and License Agreement (MorphoSys AG)

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