Past Settlement Amount definition

Past Settlement Amount means five million US dollars ($5,000,000), payable by Roche to Trimeris pursuant to Section 7.1(a) of this Agreement, which is in full satisfaction and accord of all amounts due, payable or owing from Roche to Trimeris with respect to resolving any and all Disputes and Claims in connection with the Previous Agreement.
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Examples of Past Settlement Amount in a sentence

  • Trimeris’ payment of the Dear Doctor Letter Sharing Payment shall be made by an offset to be taken by Roche against Roche’s payment of the Past Settlement Amount (i.e., Roche shall pay to Trimeris a net payment of $4,900,000, and upon such payment by Roche, Roche’s obligation to pay the Past Settlement Amount and Trimeris’ obligation to pay the Dear Doctor Letter Sharing Payment shall be satisfied).

  • Within ten (10) days after the signing of this Agreement by both Parties, Roche shall pay to Trimeris the Past Settlement Amount and Trimeris shall pay to Roche the Dear Doctor Letter Sharing Payment.

  • For the avoidance of doubt, nothing herein shall be construed to release Roche from its obligation to pay the Past Settlement Amount in accordance with Section 7.1(a) or royalties in accordance with Section 7.1(b) or to release Trimeris from its obligation to pay the Dear Doctor Letter Sharing Payment in accordance with Section 7.1(a).