Valid Invoice definition
Examples of Valid Invoice in a sentence
Following the Effective Date, GSK, as the Party responsible for achieving each Development Milestone Event, shall notify CAMP4 within [***] following the achievement of a given Development Milestone Event by GSK or any of its Affiliates or Sublicensees, as applicable, and the corresponding Development Milestone Payment shall be due within [***] following [***] after GSK’s receipt of a Valid Invoice in accordance with Section 6.6 for such Development Milestone Payment.
In partial consideration of CAMP4’s grant of the rights and licenses to GSK hereunder, within [***] following GSK’s receipt of a Valid Invoice after the Effective Date in accordance with Section 6.6, GSK shall make a one-time, non-refundable and non-creditable upfront payment to CAMP4 of Seventeen Million Five Hundred Thousand U.S. Dollars ($17,500,000) (the “Upfront Payment”).