Common use of Annual Maintenance Fee Clause in Contracts

Annual Maintenance Fee. Company will pay to University an annual, non-creditable, maintenance fee of US $ due on the first anniversary and all subsequent anniversaries of the Effective Date provided that no annual maintenance fee will be due in any year Company pays minimum annual royalties.

Appears in 3 contracts

Samples: Fast Start License Agreement, License Agreement, License Agreement

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Annual Maintenance Fee. Beginning on the third anniversary of the Effective Date and continuing for the term of this Agreement, Company will shall pay to University an annual, non-creditable, annual maintenance fee of US $ Ten Thousand Dollars ($10,000) due on the first anniversary and all subsequent anniversaries of the Effective Date provided that no annual maintenance fee will be due in any year Company pays minimum annual royaltiesroyalties according to Section A3.6. This annual payment shall be non-refundable and not creditable against Company’s other royalty obligations.

Appears in 2 contracts

Samples: Stock Issuance Agreement (Achaogen Inc), Stock Issuance Agreement (Achaogen Inc)

Annual Maintenance Fee. Company will pay to University an annual, non-creditable, maintenance fee of US $ [***] due on the first second anniversary and all subsequent anniversaries of the Effective Date provided that no annual maintenance fee will be due in any year Company pays minimum annual royalties.

Appears in 2 contracts

Samples: Exclusive License Agreement (Icosavax, Inc.), Exclusive License Agreement (Icosavax, Inc.)

Annual Maintenance Fee. Company will shall pay to University an annual, non-creditable, annual maintenance fee of US $ [XXX] due on the first 2nd anniversary and all subsequent anniversaries of the Effective Date provided that no annual maintenance fee will be due in any and every year thereafter for the term of the Agreement. Annual Maintenance Fees shall terminate immediately when Company pays minimum annual royaltiesbegins to pay Minimum Annual Royalties (A3.4).

Appears in 2 contracts

Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement (Solid Biosciences, LLC)

Annual Maintenance Fee. Company will pay to University an annual, non-creditable, maintenance fee of US $ _______ due on the first anniversary and all subsequent anniversaries of the Effective Date provided that no annual maintenance fee will be due in any year Company pays minimum annual royalties.

Appears in 1 contract

Samples: License Agreement

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Annual Maintenance Fee. Company will pay to University an annual, non-creditable, maintenance fee of US $ [***] due on the first each anniversary and all subsequent anniversaries of the Effective Date effective date of the Original License Agreement, provided that no annual maintenance fee will be due in any year Company pays minimum annual royalties.

Appears in 1 contract

Samples: Exclusive License Agreement (Icosavax, Inc.)

Annual Maintenance Fee. Company will shall pay to University an annual, non-creditable, annual maintenance fee of US $ [**] due on the first 2nd anniversary and all subsequent anniversaries of the Effective Date provided that no annual maintenance fee will be due in any and every year thereafter for the term of the Agreement. Annual Maintenance Fees shall terminate immediately when Company pays minimum annual royalties.begins to pay Minimum Annual Royalties (A3.4). A3.3

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Solid Biosciences Inc.)

Annual Maintenance Fee. Company will shall pay to University an annual, non-creditable, annual maintenance fee of US $ due on the first $7,000.00 and each subsequent anniversary and all subsequent anniversaries of the Effective Date provided that no annual maintenance fee will be due in any year Company pays minimum annual royaltiesDate.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (HyperSciences, Inc.)

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