Before First Commercial Sale. Prior to the First Commercial Sale, Company shall pay to Hospital the following non-refundable amounts as an annual license fee within [***] after each of the following anniversaries of the Effective Date of the License: The annual license fees shall be credited in full against any royalties subsequently due on Net Sales during the same calendar year:
Appears in 2 contracts
Samples: Patent License Agreement (Keros Therapeutics, Inc.), Patent License Agreement (Keros Therapeutics, Inc.)
Before First Commercial Sale. Prior to the First Commercial Sale, Company shall pay to Hospital the following non-refundable amounts as an annual license fee within [***] ([***]) days after each of the following anniversaries of the Effective Date of the License: The annual license fees shall be credited in full against any royalties subsequently due on Net Sales during the same calendar yearDate:
Appears in 1 contract
Samples: Non Exclusive Patent License Agreement (Frequency Therapeutics, Inc.)
Before First Commercial Sale. Prior to the First Commercial Sale, Company shall pay to Hospital the following non-refundable amounts as an annual license fee within [***] after each of the following anniversaries of the Effective Date of the License: The annual license fees shall be credited in full against any royalties subsequently due on Net Sales during the same calendar yearDate:
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Alopexx, Inc.)
