Common use of License Maintenance Fee Clause in Contracts

License Maintenance Fee. Licensee must pay to The Regents the license maintenance fee set forth below beginning on the [***]-year anniversary date of the Effective Date and continuing annually on each anniversary date of the Effective Date (“License Maintenance Fee”) until Licensee achieves its First Commercial Sale and commences paying Minimum Royalties hereunder. License Maintenance Fees are non-refundable and are not an advance against royalties. [***] [***] [***] [***]

License Maintenance Fee. Licensee licensee must pay to The Regents the license maintenance fee set forth below beginning on the [***]-year one-year anniversary date of the Effective Date and continuing annually on each anniversary date of the Effective Date (“License Maintenance Fee”) until Licensee licensee achieves its First Commercial Sale and commences paying Minimum Royalties hereunder. License Maintenance Fees are non-refundable and are not an advance against royalties. [***] [***] [***] [***]First And Each Subsequent Anniversary Two Thousand Five Hundred Dollars ($2,500.00)