First Commercial Sales Milestones for Follow-On Licensed Product Sample Clauses

First Commercial Sales Milestones for Follow-On Licensed Product. In partial consideration of the rights granted by Licensor to AbbVie hereunder and subject to the terms and conditions set forth in this Agreement, AbbVie shall pay to Licensor a non-creditable, non-refundable milestone payment within [*] days after the achievement of each of the following milestones, calculated as follows: 6.5.1 upon First Commercial Sale for a Follow-On Licensed Product in [*], [*]; 6.5.2 upon First Commercial Sale for a Follow-On Licensed Product in [*], [*]; and 6.5.3 upon First Commercial Sale for a Follow-On Product in [*], [*]. Each milestone payment in this Section 6.5 shall be payable only upon the first achievement of such milestone and no amounts shall be due for subsequent or repeated achievements of such milestone, whether for the same or a different Licensed Product. The maximum aggregate amount payable by AbbVie pursuant to this Section 6.5 is [*]. [ ] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.