Common use of With regard to each Clause in Contracts

With regard to each. of the milestones specified in Section 3.1.2(a)(4)-(5), the Licensee may extend such milestone by one year with written notice to UFRF prior to the due date thereof specified in Section 3.1.2(a) and upon paying UFRF $50,000 within thirty (30) days after such notice. The Licensee may extend a milestone for an additional one year period by written notice to UFRF prior to expiration of the initial one-year extension period and payment to UFRF of a fee of $100,000 within thirty (30) days after such written notice. Each of the milestones specified in Section 3.1.2(a)(4)-(5) is extendable under this Section 3.1.3 for no more than two years.”

With regard to each. of the milestones specified in Section 3.1.2(a)(4)-(5), the Licensee may extend such milestone by one year with written notice to UFRF prior to the due date thereof specified in Section 3.1.2(a) and upon paying UFRF $50,000 [***] within thirty (30) days after such notice. The Licensee may extend a milestone for an additional one year period by written notice to UFRF prior to expiration of the initial one-year extension period and payment to UFRF of a fee of $100,000 [***] within thirty (30) days after such written notice. Each of the milestones specified in Section 3.1.2(a)(4)-(5) is extendable under this Section 3.1.3 for no more than two years.”