Common use of Development Milestone Payments Clause in Contracts

Development Milestone Payments. In the event that the Company, Sublicensees, or their Affiliates (collectively “Developer”) develops a Product for commercial sale in the Territory, the following nonrefundable, non-recoverable and non-creditable milestone payments shall be made by Company to Columbia with respect to the first Product as follows: [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] The above milestone payment shall be paid on the first Product and first indication only.

Development Milestone Payments. In the event that the Company, Sublicensees, or their Affiliates (collectively “Developer”) develops a Product for potential commercial sale in the Territory, the following nonrefundable, non-recoverable and non-non- creditable milestone payments shall be made by Company to Columbia with respect to the first each and every such Product as follows: [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] The above milestone payment shall be paid on the first Product and first indication only.:

Development Milestone Payments. In the event that the Company, Sublicensees, or their Affiliates (collectively “Developer”) develops a Product for potential commercial sale in the Territory, the following nonrefundable, non-recoverable and non-creditable milestone payments shall be made by Company to Columbia with respect to the first Product to reach each milestone or when the milestone is first achieved, as follows: applicable (collectively, the “Developer Milestone Payments”): (i) [***] ]; (ii) [***] ]; (iii) [***] ] (iv) [***] ] (v) [***] ]; and (vi) [***] [***] [***] [***] [***] The above milestone payment shall be paid on the first Product and first indication only].

Development Milestone Payments. In the event that the Company, Sublicensees, or their Affiliates (collectively “Developer”) develops a Product for potential commercial sale in the Territory, the following nonrefundable, non-recoverable and non-creditable milestone payments shall be made by Company to Columbia with respect to the first Product to reach each milestone or when specific milestones are first achieved, as follows: applicable (collectively, the “Developer Milestone Payments”): i. [***] ]; ii. [***] ]; iii. [***] ]; iv. [***] ]; v. [***] ]; and vi. [***] [***] [***] [***] [***] The above milestone payment shall be paid on the first Product and first indication only].