Examples of Additional Licence in a sentence
With respect to each Product Licence from the Initial License Allocation and Additional Licence Allocation for Diagnostic Antibody Products, Dyax shall pay to CAT the following payments upon achievement by Dyax or a Dyax Sublicensee (or its sublicensee) of the milestones set out below.
The Milestone Payments and Additional Licence Fees may be credited against royalties, and Additional Licence Fees may be reduced in accordance with the provisions of Schedule 3 and Schedule 4, but not otherwise.
Therefore reduction of the Second Additional Licence Fee in this example is equivalent to *% of * of Milestone 4 (*% x * x $*) plus *% of * of Milestone 5 (*% x * x $*) which equals $*.
Therefore reduction of the First Additional Licence Fee in this example is equivalent to *% of * of Milestone 4 (*% x * x $*) plus *% of * of Milestone 5 (*% x *x $*) which equals $*.
The First Additional Licence Fee comprises * of Milestone Payment 4 and * of Milestone Payment 5.
After May 2, 2009, the Licensee must pay to OGT the Additional Licence Fees, if any, in accordance with the provisions of Schedule 2 and Schedule 4 (as applicable).