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 [ * ].
Appears in 3 contracts
Samples: License Agreement (Advaxis, Inc.), License Agreement (Advaxis, Inc.), License Agreement (Advaxis, Inc.)
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 [ * ]creditable against license maintenance fees payable on the first anniversary of the Effective Date pursuant to Section 3.3.6.
Appears in 1 contract
Samples: License Agreement (Advaxis, Inc.)
