License Fee Payment definition

License Fee Payment means the monthly portion of the License Fee paid pursuant to this Agreement.
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License Fee Payment means any cash paid to Athersys that is (i) paid by a third party who is not an Affiliate of Athersys, (ii) for a license or sublicense under intellectual property controlled by Athersys and required to conduct or participate in the clinical development of the “Clinical Development Candidate” (as such term is defined in the Alliance Agreement) that is the subject of IND # 13554 for acute myocardial infarction and (iii) paid to Athersys within six months after the effective date of the agreement granting such license or sublicense, excluding any such payments for research, development, or manufacturing. Examples of License Fee Payments include upfront license fees and the purchase price for the assets associated with such candidate(s) and indication(s). Examples of payments that are not License Fee Payments include payments for FTEs for research, development, conducting clinical trials, or manufacturing, for the supply of cells or other materials, for reimbursement of out of pocket expenses or other payments to third parties for goods or services (with such designated payment amounts to be reasonable and customary for a product development program of this type) and for payments for the purchase of stock of Athersys. It is expected that such License Fee Payments or other aspects of any agreement relating to the Clinical Development Candidate will be constructed in accordance with commercially reasonable and prevailing industry practices as pertains to such agreements.
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Examples of License Fee Payment in a sentence

  • The definition of “RPX Licensee” expressly excludes any future members that join RPX after the Effective Date (other than with respect to Option Companies where RPX has paid the Expanded License Fee Payment), except with respect to any Entity that become an Affiliate of any RPX Member or Entity that was granted a sublicense under the Patent License in accordance with this Section 1.2(a).

  • Furthermore, upon RPX’s payment of any Expanded License Fee Payment, as applicable, any Entity that is granted a sublicense by RPX (directly or indirectly) in accordance with Section 1.2(a)(iii) shall also be deemed an “RPX Licensee” for purposes of this Agreement.

  • Upon RPX providing Licensor with written notice that RPX has granted a sublicense to any Option Company pursuant to Section 1.2(a)(iii) and paying Licensor the applicable Expanded License Fee Payment for such Option Company, Licensor shall immediately complete the Release and Dismissal Obligations with respect to such Option Company (including any respective Affiliates) in the event such Option Company or any of its Affiliates is a Licensor Litigation Defendant.

  • Upon RPX providing Licensor with written notice that RPX has granted a sublicense to any Option Company pursuant to Section 1.2(a)(ii) and paying Licensor the applicable Expanded License Fee Payment for such Option Company, Licensor shall immediately complete the Release and Dismissal Obligations with respect to such Option Company (including any respective Affiliates) in the event such Option Company or any of its Affiliates is a Licensor Litigation Defendant.

  • Upon RPX’s payment to Marathon of the applicable Expanded License Fee Payment and RPX providing Marathon with written notice that RPX has granted a sublicense to a particular Entity and its Affiliates pursuant to the Related Agreement with Sampo, Marathon shall immediately obligate Sampo to fulfill its obligations as set forth in Exhibit B with respect to each such Entity and its Affiliates who have been granted a sublicense thereunder.

  • Furthermore, upon RPX’s payment of any Expanded License Fee Payment, as applicable, any Entity that is granted a sublicense by RPX (directly or indirectly) in accordance with Section 1.2(a)(ii) shall also be deemed an “RPX Licensee” for purposes of this Agreement.

  • The foregoing notwithstanding, however, no release is given under the Patents made the subject of the Related Agreement with Relay and Sampo to any Entity that becomes an RPX Licensee after the Effective Date (including that Entity’s Affiliates) unless and until Marathon receives the required Expanded License Fee Payment with respect to any such Entity.

  • The first License Fee Payment shall be due thirty (30) days after the Delivery Date.

  • Each such installment shall be referred to herein as a License Fee Payment.

  • For the subsequent 8 years of the Initial Term and for each year of the Renewal Term, unless otherwise agreed to by the Parties, Licensee shall pay to Licensor $50,000 for the License for each year of the balance of the Initial Term (each an “Initial License Fee Instalment”) and for each year of the Renewal Term (each, a “Renewal License Fee”; collectively, Initial License Fee Payment, the Initial License Fee Instalments and the Renewal License Fees are the “License Fees”).