Before First Commercial Sale. Prior to the First Commercial Sale, Company shall pay to Hospital a non-refundable annual license fee of ten thousand dollars [***]within sixty (60) days after the anniversary of the Effective Date, beginning on the second anniversary of the Effective Date, and on each subsequent anniversary of the Effective Date thereafter.
Appears in 3 contracts
Samples: License Agreement, Exclusive Patent License Agreement (Aridis Pharmaceuticals, Inc.), Exclusive Patent License Agreement (Aridis Pharmaceuticals, Inc.)
Before First Commercial Sale. Prior to the First Commercial Sale, Company shall pay to Hospital a the following non-refundable amounts as an annual license fee of ten thousand dollars [***]within sixty (60) days after each of the anniversary following anniversaries of the Effective Date, beginning on the second anniversary of the Effective Date, and on each subsequent anniversary of the Effective Date thereafter.:
Appears in 1 contract
Samples: Exclusive Patent License Agreement (Tiziana Life Sciences PLC)
