License Maintenance Fees. Licensee will pay license fees in the amounts set forth in Sections 3.1(d) of the Patent & Technology License Agreement in accordance with the stated schedule.
License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: January 1, 2012 $ [ ***] January 1, 2013 $ [ ***] January 1, 2014 $ [ ***] and each January 1 of every year thereafter $ [ ***] This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due pursuant to Section 4.1 (c) during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: [***] [***] [***] [***] [***] [***] This license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year and any milestone payments in the same calendar year, if any. License maintenance fees paid in excess of running royalties and milestone payments due in such calendar year will not be creditable to amounts due for future years.
License Maintenance Fees. In partial consideration of the License, Company will pay to Penn, on or within [**] days of each anniversary of the Original Agreement Effective Date, until the first Sale (as defined in Section 3.6) of the first Licensed Product, the applicable license maintenance fee listed in the table below. ANNIVERSARY: First Second Third Fourth Fifth and thereafter LICENSE MAINTENANCE FEE: [** ] [** ] [** ] [** ] $ 100,000
License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: January 1, 2009 $ [*** ] January 1, 2010 $ [*** ] January 1, 2011 $ [*** ] January 1, 2012 $ [*** ] January 1, 2013 $ [*** ] January 1, 2014 $ [*** ] Each January 1st thereafter, until [***] $ [*** ] Each January 1st after [***] $ [*** ] This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. As partial consideration for the licenses granted hereunder, Licensee shall pay Harvard non-refundable annual license maintenance fees as follows:
4.3.1 [* * *] due and payable on the first anniversary of the Original Effective Date;
4.3.2 [* * *] due and payable on the second anniversary of the Original Effective Date;
4.3.3 [* * *] due and payable on the third anniversary of the Original Effective Date; and
4.3.4 [* * *] for Type I Licensed Products and [* * *] for Type II Licensed Products due and payable on the fourth anniversary of the Original Effective Date and on each subsequent anniversary of the Original Effective Date during the Term. Each license maintenance fee paid under this Section 4.3 shall be creditable against the royalties that are payable to Harvard under Section 4.5.
License Maintenance Fees. COMPANY shall pay to THE PARTIES the following license maintenance fees on the dates set forth below: January 1, 2015 $10,000 January 1, 2016 $15,000 January 1, 2017 $25,000 January 1, 2018 $37,000 January 1, 2019 $50,000 and each January 1st of every year thereafter This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. COMPANY shall pay to THE PARTIES the following license maintenance fees on the dates set forth below: January 1, 2015 $10,000 January 1, 2016 $15,000 January 1, 2017 $25,000 January 1, 2018 $37,500 January 1, 2019 $50,000 and each January 1st of every year thereafter This license maintenance fee shall NOT be due for as long as the DIAGNOSTIC LICENSE is in effect between COMPANY and THE PARTIES. If the DIAGNOSTIC LICENSE is TERMINATED or assigned to a third party who is not an AFFILIATE, COMPANY shall owe license maintenance fees under this AGREEMENT effective immediately. This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.
