Examples of Sublicense Consideration in a sentence
Within 30 days of the end of each calendar quarter during the term of this Agreement, Company will pay to University XX% of any Sublicense Consideration received by Company during such calendar quarter unless reduced by achievement of milestones by Company or its Sublicensees prior to execution of the particular Sublicense in accordance with the schedule below.
Licensee shall not receive from its Sublicensees anything of value for granting rights under the rights licensed hereunder in lieu of cash payments for Non-Royalty Sublicense Consideration without the prior written consent of University.
If no running royalties or Sublicense Consideration are due to MI, the report shall so state.
Licensee shall pay to University a portion of Sublicense Consideration received from Sublicensee as provided in Section 10.6 of the Business Terms.
In the event that a Licensee grants a sublicense, or an option to obtain a sublicense, to a Third Party pursuant to Section 2.2 in connection with a Platform Alliance, such Licensee shall pay to MI […***…]% ([…***…] percent) of the Sublicense Consideration it receives from such Third Party, due within thirty (30) days after receipt.