LICENSE INITIATION FEE AND ROYALTIES. 3.1.1 In partial consideration of the exclusive license granted to COMPANY, COMPANY shall pay to PENN a non-refundable license initiation fee of [ * ] within thirty (30) days of the date COMPANY receives in the aggregate [ * ] in equity financing. The initiation fee paid to PENN pursuant to this Section shall be [ * ].
LICENSE INITIATION FEE AND ROYALTIES. 3.1.1 In partial consideration of the License, LICENSEE shall pay to DREXEL on the Effective Date of this Agreement, a non-refundable license initiation fee of [*].
LICENSE INITIATION FEE AND ROYALTIES. 3.1.1 In partial consideration of the exclusive license granted to ADEZA, ADEZA must pay to PENN a non-refundable license initiation fee of $[***] less a credit of the total monthly option fees paid by ADEZA to PENN under the EXCLUSIVE OPTION AGREEMENT between the parties effective as of June 3, 1996.
LICENSE INITIATION FEE AND ROYALTIES. 4.1.1 Within ninety (90) days after the EFFECTIVE DATE, VGXI shall remit payment of three million U.S. dollars ($3,000,000) to INO as a research and development collaboration initiation fee.
LICENSE INITIATION FEE AND ROYALTIES. 3.1.1 In partial consideration of the exclusive license granted herein, APOLLON shall pay to PENN on the EFFECTIVE DATE of this AGREEMENT, a non-refundable license initiation fee of [ ].
LICENSE INITIATION FEE AND ROYALTIES. 3.1.1 In partial consideration of the exclusive license granted to MARC, MARC shall pay FOUNDATION within thirty (30) days of the EFFECTIVE DATE, a non-refundable license initiation fee of fifty thousand dollars ($50,000).
LICENSE INITIATION FEE AND ROYALTIES. 3.1.1 In partial consideration of the License, Licensee shall pay to Rockefeller on the Effective Date of this Agreement, a non-refundable license initiation fee of $10,000.
LICENSE INITIATION FEE AND ROYALTIES a) In partial consideration of the exclusive license granted herein, Licensee shall pay to Rice, a non-refundable, non-creditable, license initiation fee of $40,000 (forty thousand US dollars) to be paid within ten (10) business days of the Effective Date.
LICENSE INITIATION FEE AND ROYALTIES. 2.1.1 In consideration of the License, Duska (promptly after the execution of this Agreement) shall issue to Xx. XxXxxxxxxx and Xx. Xxxxxxx such number of shares (the “Purchased Shares”) of Duska Common Stock, no par value per share, (“Common Stock”) as will cause each of them to individually own shares of Common Stock representing 1% of the outstanding shares of the capital stock of Duska on a fully diluted basis immediately following such issuance, assuming the exercise, conversion and/or exchange of all outstanding securities of Duska for or into shares of capital stock, all on the terms and conditions as set forth in the stock purchase agreements between Duska and each of the Inventors (“Stock Purchase Agreements”), a copy of which is attached as Attachment 2. The Inventors acknowledge and agree that the issuance to each of them of 1% of the outstanding capital stock is before the issuance to Drs. Pelleg and Xxxxxxxx of shares of Duska common stock in consideration of the assignment and license by them to Duska of their ATP inventions, which will then reduce the percentage of the total outstanding capital stock of Duska held by each of the Inventors to 0.96%.
LICENSE INITIATION FEE AND ROYALTIES. 3.1.1 In partial consideration of the exclusive license granted to COMPANY, COMPANY must pay to PENN on the EFFECTIVE DATE of this AGREEMENT, a non-refundable license initiation fee of * * ( * ). In Paragraph 6.1, and subject to the conditions of Paragraph 6.1, COMPANY agrees to pay all past and future documented attorneys fees, expenses, official fees and other charges incident to the preparation, prosecution and maintenance of PENN PATENT RIGHTS.
