Initial License Fee. In partial consideration for the exclusive license granted pursuant to Section 2.1 hereof, Licensee shall pay to Scripps a non-refundable license fee upon execution of this Agreement in the amount of 70,000 shares of Licensee common stock as specified in Exhibit D. The license fee described in this Section is consideration for the grant and continuation of the license hereunder, and Scripps shall have no obligation to return any portion of such license fee, notwithstanding any failure by Licensee to develop any Licensed Product or market any Licensed Product commercially, and notwithstanding the volume of sales of any such Licensed Product.
Initial License Fee. Aegerion shall pay to Bayer seven hundred and fifty thousand U.S. dollars (US$750,000) within thirty (30) days after the Effective Date.
Initial License Fee. In partial consideration of the license and rights granted to it by Bayer under this Agreement and in recognition of the research and development efforts undertaken by Bayer prior to the Effective Date, Licensee shall pay to Bayer, within *** from the Effective Date, an initial license fee of Two Million USD ($2,000,000). This initial license fee will be unconditional and, as such, shall not be subject to any offset, credit, reduction or repayment for any reason whatsoever, whether provided for in this Agreement or not.
Initial License Fee. Dollars and Zero Cents ($ .00) upon the execution of this Agreement.
Initial License Fee. Novartis will pay to Surface within [***] after receipt of an invoice from Surface, which invoice shall be substantially in the form of Exhibit L and issued promptly following the Effective Date, a one-time payment of Seventy Million Dollars ($70,000,000). Such payment will be non-refundable, non-creditable and not subject to set-off.
Initial License Fee. The license fee due under Paragraph 3.1 is [***].
Initial License Fee. From the date ADM receives permit approval from the Illinois EPA pursuant to Section 2.3 (“EPA Approval Date”) and until the first bona fide arms' length sale of Products manufactured in the Semi-works Production Facility occurs, ADM will pay to Burcon a quarterly, non-refundable license fee of: which fee will be payable in each case within thirty (30) Business Days after the last Business Day of the relevant Quarter.
Initial License Fee. An initial license fee, nonrefundable and noncreditable against royalties, of Five Thousand Dollars ($5,000.00) due immediately and payable within ten (10) business days from the Effective Date of this Agreement.
Initial License Fee. Licensee shall pay to Palm immediately upon execution of this Agreement the sum of [*].
Initial License Fee. You shall pay XE a non-refundable (except as expressly provided herein) license fee for the Initial Term for each XE Currency Data Feed API License (the “Initial License Fee”) as specified in Article 10. The Initial License Fee is exclusive of all applicable Canadian sales taxes. You are required to pay, in addition to the License Fee, any applicable goods and services tax (“GST”) and harmonized sales tax (“HST”) imposed under Part IX of the Excise Tax Act (Canada), all applicable duties and/or foreign import surcharges, if applicable, as they are not included in the Initial License Fee or Renewal License Fee (as hereinafter defined). The Initial License Fee shall be due and payable in full upon execution of this Agreement. Overdue amounts shall bear interest at a rate of two (2%) percent per month (equivalent to twenty-four (24%) percent per annum) or the highest rate allowed by law, whichever is lower. The Initial License Fee may be reduced on a pro-rated basis (if necessary) to synchronize Your billing to the first day of the calendar month of the Initial Term.
