Common use of Up-Front Payments Clause in Contracts

Up-Front Payments. As consideration for the delivery of the Conductus Technology, GDIS will pay Conductus an up-front nonrefundable, fee of [*] upon completion of all of the following: (a) the execution of this Agreement, (b) receipt of the releases, in the form set forth in Exhibit E, from Transamerica and Silicon Valley Bank and any other releases, if any, required under Section 14.3; (c) the execution of the Cross License, Supply and Training Agreement, and (d) the delivery to GDIS of that Conductus Technology listed in Exhibit A as deliverable on execution of this Agreement.