Related to Backbone Payments

Milestone Payments means, collectively, the Development Milestone Payments and Sales Milestone Payments.
License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.
Service payments means payments to the private entity of a qualifying project pursuant to a service contract.
Sublicense Fees shall have the meaning set forth in Section 7.6 below.
Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

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