Common use of License Consideration Clause in Contracts

License Consideration. (a) The Lead Institution will have the responsibility, obligation and authority to receive and collect the License Consideration payable under the License Agreement, and perform such audits under the License Agreement as the Lead Institution deems appropriate. The Lead Institution will keep the Other Institution(s) informed as to all receipts of the License Consideration in accordance with Section 5.2. The Lead Institution will keep the Other Institution(s) reasonably informed of any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.

License Consideration. (a) The Lead Institution will shall have the responsibility, obligation and authority to receive and collect the License Consideration payable under the License Agreement, and perform such audits under the License Agreement as the Lead Institution deems appropriateappro­priate. The Lead Institution will shall keep the Other Institution(s) other Parties informed as to all receipts of the License Consideration in accordance with Section paragraph 5.2. The Lead Institution will shall keep the Other Institution(s) other Parties reasonably informed of any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.

License Consideration. (a) The Lead Institution will have the responsibility, obligation and authority to receive and collect the License Consideration payable under the License Agreement, and perform such audits under the License Agreement as the Lead Institution deems appropriate. The Lead Institution will keep the Other Institution(s) informed as to all receipts of the License Consideration in accordance with Section 5.2. The Lead Institution will keep the Other Institution(s) reasonably informed of any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.

License Consideration. (a) The Lead Institution will shall have the responsibility, obligation and authority to receive and collect the License Consideration payable under the License Agreement, and perform such audits under the License Agreement as the Lead Institution deems appropriate. The Lead Institution will shall keep the Other Institution(s) other Parties informed as to all receipts of the License Consideration in accordance with Section paragraph 5.2. The Lead Institution will shall keep the Other Institution(s) other Parties reasonably informed of any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.

License Consideration. (a) The Lead Institution will have the responsibility, obligation and authority to receive and collect the License Consideration payable under the License Agreement, and perform such audits under the License Agreement as the Lead Institution deems appropriateappro­priate. The Lead Institution will keep the Other Institution(s) other Parties informed as to all receipts of the License Consideration in accordance with Section 5.2. The Lead Institution will keep the Other Institution(s) other Parties reasonably informed of any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.

License Consideration. (a) The Lead Institution will have the responsibility, obligation and authority to receive and collect the License Consideration payable under the License Agreement, and perform such audits under the License Agreement as the Lead Institution deems appropriate. The Lead Institution will keep the Other Institution(s) informed as to all receipts of the License Consideration in accordance with Section 5.2. The Lead Institution will keep the Other Institution(s) reasonably informed of any audit of Licensee it may conduct as well as any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.