Common use of Discovery Bonus Clause in Contracts

Discovery Bonus. On the date the Contractor notifies the Ministry for the first time that it deems a Discovery to be a Commercial Discovery in compliance with the provisions of Article 5.4, the Contractor shall pay to the State the sum of [insert amount] Dollars ($[insert amount]).

Discovery Bonus. On the date the Contractor notifies the Ministry for the first time that it deems considers a Discovery to be a Commercial Discovery in compliance with the provisions of Article 5.4, the Contractor shall will pay to the State the sum of [insert amount] … million Dollars ($[insert amount]...MM).