First Anniversary. Upon the first anniversary of the Effective Date, JT shall pay to CG the additional non-refundable, non-creditable amount of Two Million Five Hundred Thousand Dollars (US $2,500,000).
First Anniversary. As of the First Anniversary:
(a) if BMO exercises the 1999 Technology Right on or before the First Anniversary in accordance with the terms and conditions of the Subscription Agreement, and in consideration of the 1999 Licence Fee, "LICENSED TECHNOLOGY" shall be extended to include the 1999 Technology; and
(b) if BMO does not exercise the 1999 Technology Right and 724 fails to meet the First Year Spending Commitment by the First Anniversary in accordance with the terms and conditions of the Subscription Agreement, "LICENSED TECHNOLOGY" shall be extended to include any additional 724 Technology developed after the First Anniversary but before the earlier of: (i) six (6) months thereafter; and (ii) the date upon which 724 meets its First Year Spending Commitment.
First Anniversary. On the Adjustment Date occurring on the first anniversary of the Commencement Date (the "First Adjustment Date"), the Monthly Base Rent shall be determined by multiplying the Rentable Area by the sum of (A) $5.05, plus (B) an amount determined by multiplying the CPI Increase (as defined below) for the First Adjustment Date by $5.00 (such amount being the "Year One Adjustment"); provided, however, that in no event shall the Monthly Base Rent be adjusted on the First Adjustment Date to an amount that is less than one hundred three and five/tenths percent (103.5%) of the amount obtained by multiplying $5.00 by the Rentable Area, nor to an amount that is more than one hundred five and five/tenths percent (105.5%) of the amount obtained by multiplying $5.00 by the Rentable Area.
First Anniversary. RBS may terminate this Agreement without cause on the first anniversary of the signing of the Heads of Agreement upon ************* prior written notice to LKS. Upon such termination, RBS will pay LKS a termination fee equal to************************************ ********************************************
First Anniversary. Upon the occurrence of any single Event of Default on or before the first anniversary of the date of this Agreement, the sole remedy of Secured Party shall be to take possession of (a) all of the Dippy Common Shares listed opposite the defaulting Pledgor's name in Column B on Schedule I hereto, and (b) all of the Dippy Common Shares listed opposite the defaulting Pledgor's name in Column C on Schedule I hereto.
First Anniversary. Upon the first anniversary of the date of this Agreement ("Milestone I"), Secured Party shall cause Pledgeholder to return to each Pledgor the number of Dippy Common Shares listed in Column B opposite such Pledgor's name on Schedule I hereto, plus all non-cash distributions distributed in respect of or in exchange therefor; provided, however, that if any Advisory Member has resigned from the Advisory Board, without simultaneously accepting appointment to an office of Secured Party or the board of directors of Secured Party (or otherwise elects to resign from office of Secured Party or the board of directors of Secured Party without simultaneously accepting reappointment to the Advisory Board), or Hermann has resigned from office of Secured Party and from Secured Party's board of directors without simultaneously accepting appointment to the Advisory Board (or otherwise resigns from the Advisory Board without accepting appointment to an office of Secured Party or the board of directors of Secured Party), on or prior to Milestone I, then Secured Party shall have the remedy provided in Section 9.1 above.
First Anniversary. The Employee shall be entitled to a one-time lump sum cash bonus in the amount of Ten Thousand Dollars ($10,000) following the first anniversary of the date of this Agreement; provided, however, that the Employee shall forfeit such bonus in the event that the Employee terminates his employment with the Company prior to the first anniversary date hereof.
First Anniversary. Within [***] ([***]) days of the [***] of the First Commercial Sale, Licensee agrees to pay Licensor the amount of $[***]. If at the time payment is due under d., e. and f. above, any EPO patent in the Patent Rights has not survived any past or on-going opposition challenge, the payments shall be reduced by [***]%, to $[***], [***] and [***], respectively.
First Anniversary. RBS may terminate this Agreement without cause on the first anniversary of the signing of the Heads of Agreement upon thirty (30) days prior written notice to LKS. Upon such termination, RBS will pay LKS a termination fee equal to three (3) months of additional Research funding beyond such anniversary date.
First Anniversary. Effective April 10, 2016, Basic Weekly Wage Rates will be increased 2.25% at the maximum rate, exponentialized with no change in the start rate.
