Consideration for License. In consideration for the license granted hereunder, Licensee shall pay to Merck a non-refundable, non-creditable, upfront payment of two hundred thousand U.S. dollars ($200,000.00), which shall be due within thirty (30) days of the Effective Date of this Agreement.
Appears in 2 contracts
Samples: Exclusive Patent and Know How License Agreement (Cerecor Inc.), Exclusive Patent and Know How License Agreement (Cerecor Inc.)
Consideration for License. In Subject to the terms and conditions of this Agreement and in consideration for the license granted to Licensee hereunder, Licensee shall pay to Merck a non-refundable, non-creditable, upfront payment of two hundred thousand Seven Million U.S. dollars Dollars ($200,000.007,000,000), which shall be due within thirty (30) days of after the Effective Date of this AgreementDate.
Appears in 2 contracts
Samples: License Agreement (TESARO, Inc.), License Agreement (TESARO, Inc.)
