Sales Milestones. (a) For each Licensed Product developed by Cerulean or an Affiliate of Cerulean which reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 2 contracts
Samples: Platform Agreement, Platform Agreement (Cerulean Pharma Inc.)
Sales Milestones. (a) For each If the Licensed Product is developed by Cerulean or an Affiliate of Cerulean which and reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 2 contracts
Samples: 101 Agreement, It 101 Agreement (Cerulean Pharma Inc.)
Sales Milestones. (a) For each If the Licensed Product is developed by Cerulean or an Affiliate of Cerulean which and reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] thirty (30) days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 1 contract
Sales Milestones. (a) For each If the Licensed Product is developed by Cerulean or an Affiliate of Cerulean which and reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 1 contract
Samples: It 101 Agreement
Sales Milestones. (a) For each Licensed Product developed by Cerulean or an Affiliate of Cerulean which reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] thirty (30) days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 1 contract
