Upfront Payment definition
Examples of Upfront Payment in a sentence
The total number of Lyell Common Stock to be issued pursuant to this Agreement (including any Lyell Common Stock to be issued in connection with the Upfront Payment and the Development Milestone Payments) shall not exceed [*] of the total Lyell Common Stock outstanding as of the date of the Agreement.
In consideration for the payment by Incyte to Prelude of the Upfront Payment, subject to the terms and conditions of this Agreement, Prelude hereby grants to Incyte an exclusive option (the “Option”) to acquire all right, title and interest in and to the Transferred Assets in accordance with the terms and conditions of the Asset Purchase Agreement, which option shall be exercisable only during the Option Period and in accordance with the terms and conditions set forth herein.
The Upfront Payment set forth herein shall be made in US Dollars to Theriva’s account specified on Exhibit C hereto, or to such other account as shall be provided in writing by Theriva to Rasayana.