Development Milestone Event Milestone Payment. 1 […***…] […***…] 2 […***…] […***…] 3 […***…] […***…] 4 […***…] […***…] 5 […***…] […***…] 6 […***…] […***…] 7 […***…] […***…] 8 […***…] […***…] Total […***…] † The specific required criteria known as “D4” are, as of the Effective Date, set forth in that certain email communication from Bayer to Dimension dated April 30, 2014. *** Confidential Treatment Requested *** Each milestone payment is payable […***…], regardless of the number of times the corresponding event is achieved by a Licensed GT Product and/or Licensed Treatment and regardless of the number of Licensed GT Products and/or Licensed Treatments to achieve such event. Under no circumstances shall Bayer be obligated to pay Dimension more than […***…] pursuant to this Section 6.2. For the avoidance of doubt, the Parties acknowledge and agree that, (a) with respect to Milestone […***…] above, in the event that some but not all of the criteria for […***…] are met for a Licensed Product and/or Licensed Treatment, such that there is no current achievement of […***…] as defined, then to the extent the subsequent milestone event (i.e., Milestone […***…]) is achieved at a later date for such Licensed Product and/or Licensed Treatment, […***…] shall be deemed to have occurred at such later date and the corresponding milestone payments for both Milestone […***…] and Milestone […***…] shall be paid together; and (b) if the […***…], then all development milestone events relating to […***…] shall be deemed to have been met. To that end, if for any reason, any such related milestone payments have not been made, such milestone payments shall be due and owing upon […***…]. For example: if […***…] and any of Milestone Events […***…] or […***…] have not been paid for any reason, all such unpaid milestones shall be paid together with the payment of the milestone payment for the achievement of development Milestone Event […***…].
Appears in 4 contracts
Samples: Collaboration and License Agreement (Ultragenyx Pharmaceutical Inc.), Collaboration and License Agreement (Dimension Therapeutics, Inc.), Collaboration and License Agreement (Dimension Therapeutics, Inc.)
Development Milestone Event Milestone Payment. 1 […***…] Five Million Dollars ($5,000,000) 2 […***…] 2 Ten Million Dollars ($10,000,000) 3 […***…] […***…] 3 Dollars 4 […***…] […***…] 4 Dollars 5 […***…] […***…] 5 Dollars 6 […***…] […***…] 6 Dollars 7 […***…] […***…] 7 Dollars 8 […***…] […***…] 8 Dollars Total […***…] […***…] Total […***…] † The specific required criteria known as “D4” are, as of the Effective Date, set forth in that certain email communication from Bayer to Dimension dated April 30, 2014. *** Confidential Treatment Requested *** Dollars Each milestone payment is payable […***…]] Dollars, regardless of the number of times the corresponding event is achieved by a Licensed GT Product and/or Licensed Treatment and regardless of the number of Licensed GT Products and/or Licensed Treatments to achieve such event. Under no circumstances shall Bayer be obligated to pay Dimension more than […***…] Dollars [***] Dollars pursuant to this Section 6.2. For the avoidance of doubt, the Parties acknowledge and agree that, (a) with respect to Milestone […***…] above, in the event that some but not all of the criteria for […***…] are met for a Licensed GT Product and/or Licensed Treatment, such that there is no current achievement of […***…] as defined, then to the extent the subsequent milestone event (i.e., Milestone […***…]) is achieved at a later date for such Licensed GT Product and/or Licensed Treatment, […***…] shall be deemed to have occurred at such later date and the corresponding milestone payments for both Milestone […***…] and Milestone […***…] shall be paid together; and (b) if the […***…], then all development milestone events relating to […***…] shall be deemed to have been met. To that end, if for any reason, any such related milestone payments have not been made, such milestone payments shall be due and owing upon […***…]. For example: if […***…] and any of Milestone Events […***…] or […***…] have not been paid for any reason, all such unpaid milestones shall be paid together with the payment of the milestone payment for the achievement of development Milestone Event […***…].
Appears in 1 contract
Samples: Collaboration and License Agreement (Ultragenyx Pharmaceutical Inc.)
