License Maintenance Fee definition
Examples of License Maintenance Fee in a sentence
The Annual License Maintenance Fee will be credited against royalties in the current fiscal year.
Beginning on [####], and every year thereafter said annual License Maintenance Fee shall be [####].
Thereafter, beginning on [####] and each year thereafter, Licensee shall pay Elkurt an annual License Maintenance Fee of [####].
Licensee shall pay an Annual License Maintenance Fee to University in the amount indicated in the Schedule below based on the type of Licensed Product(s) being developed or commercialized by Licensee (or any Affiliate or Sublicensee).
Beginning on January 1, 2028, and every year thereafter said annual License Maintenance Fee shall be Four thousand dollars ($4,000).
The COI genes were translated into protein sequences to check for stop codons and frame-shifting mutations with MEGA 5 (Tamura et al., 2011), using the invertebrate mitochondrial genetic code.The nuclear microsatellite genotypes were scored using specific microsatellite primers developed for the Ceratosolen sp.
The License Maintenance Fee is non-refundable and is not an advance or otherwise creditable against any royalties or other payments required to be paid under the terms of this Agreement.
Beginning on the anniversary date which is [####] from the Effective Date, and every year thereafter said annual License Maintenance Fee shall be [####].
Licensee shall pay Elkurt an Initial License Maintenance Fee within 15 days of achieving the funding provided in Section 4.1. Said Initial License Maintenance Fee shall be sixty-seven thousand dollars ($67,000) if paid by October 15, 2021, but if not paid by October 15, 2021, then said Initial License Maintenance Fee shall increased by the interest rate set forth in Section 5.3 for each month after October 15, 2021.
The License Maintenance Fee payment obligation shall only be creditable against royalties owed to Penn in the year such License Maintenance Fee was paid (there shall be no carry forward credit on License Maintenance Fees paid).