License and Maintenance Fees. In partial consideration of the ---------------------------- licenses granted to STC in Sections 4.1 and 4.2.1 above, STC shall pay to SRI a license fee of ******** upon the execution of this Agreement. During the term hereof, STC shall also pay to SRI an annual maintenance fee of ******* on each anniversary after the completion of the Development Period until the First Commercial Sale of a Product. Such license and maintenance fees are non-refundable and non-creditable against future royalties.
Appears in 3 contracts
Samples: Research and License Agreement (Orasure Technologies Inc), Research and License Agreement (Orasure Technologies Inc), Research and License Agreement (Orasure Technologies Inc)
