Annual License Maintenance Fee. Licensee shall pay an annual license maintenance fee of $[**] each year on the anniversary of the Effective Date of this Agreement. The annual license maintenance fee is payable until the first commercial sale of a Licensed Product, after which time minimum royalties instead of the annual license maintenance fee are due.
Appears in 2 contracts
Samples: Standard Exclusive License Agreement (Solid Biosciences Inc.), Standard Exclusive License Agreement (Solid Biosciences Inc.)
Annual License Maintenance Fee. Licensee shall pay an annual license maintenance fee of [*] dollars ($[**] ]) each year on the anniversary of the Effective Date of this Agreement. The annual license maintenance fee is payable until the first commercial sale of a Licensed Product, after which time minimum royalties instead of the annual license maintenance fee are due.
Appears in 2 contracts
Samples: Exclusive License Agreement (Audentes Therapeutics, Inc.), Exclusive License Agreement (Audentes Therapeutics, Inc.)
Annual License Maintenance Fee. Licensee shall pay an the following annual license maintenance fee of fees (the “Annual License Maintenance Fees”): Twenty thousand dollars (USD $[**] 20,000) each year year. Such Annual License Maintenance Fees shall be due on the anniversary date of the Effective Date of this Agreementand are non-refundable. The annual Royalty payments in a given license maintenance fee is payable until the first commercial sale of a Licensed Product, after which time minimum royalties instead of the annual license maintenance fee are dueyear shall be creditable against these Annual License Maintenance Fees.
Appears in 1 contract
