License definition
Examples of License in a sentence
In the event that University and Licensee concurrently enter into an exclusive license agreement for University Case Number [***], Licensee shall not be required to pay a License Fee of additional shares of Licensee’s common stock under the [***].
Licensee shall include the following items in the Diligence Report: [***] 28 of 30 29 of 30 This First Amendment to the Exclusive License Agreement (the “First Amendment”) is made and entered into this 9th day of December, 2020 (“First Amendment Effective Date”) by and between the Regents of the University of Colorado, a body corporate, by and on behalf of the University of Colorado Anschutz Medical Center, having an office at ▇▇▇▇▇ ▇.
Licensee shall pay University License Maintenance Fees in the amounts indicated in the following schedule to be paid no later than [***] from the date that is the stated anniversary of the Effective Date.
In the event that rights under either (or both) this Agreement or the [***] is transferred to one or more third party through assignment or exclusive license, then such one or more third party will be required to pay the License Maintenance Fee for each such License.
The License Maintenance Fees are creditable against royalties on Net Sales due for the same calendar year.