License Maintenance Fees. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: [January 1, year] [dollar amount] [January 1, year] [dollar amount] [and each January 1 of every year thereafter] [dollar amount] 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. 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. In partial consideration of the License, Company will pay to Penn, on each anniversary of the Effective Date until the first Commercial Sale (as defined in Section 3.3) of the first Licensed Product, the applicable license maintenance fee listed in the table below. Such license maintenance fees shall be creditable toward earned Royalties payable by Company in accordance with Section 3.4 below. ANNIVERSARY: First Second Third Fourth and thereafter LICENSE MAINTENANCE FEE: [ **] [ **] [ **] [ **]
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: Year Maintenance Fee [***] [***] [***] [***] [***] [***] 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. 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 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:
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. In the event no Milestone Payment has been paid to EMORY on behalf of the LICENSOR prior to an anniversary of the Effective Date as set forth on APPENDIX G, COMPANY shall pay to EMORY on behalf of the LICENSOR the corresponding Maintenance Fee. No Maintenance Fee pursuant to this Section 3.5 shall be payable by COMPANY in the event it has achieved at least one Milestone Event and paid the corresponding Milestone Payment.
License Maintenance Fees. Alnylam will pay MIT the following license maintenance fees on the dates set forth below: Each January 1st for 2008 and 2009 $ [...***...] Each January 1st for 2010 and 2011 $ [...***...] Each January 1st for 2012 and 2013 $ [...***...] Each January 1st for 2014 and 2015 $ [...***...] Each January 1st of every year thereafter $ [...***...] • The annual license maintenance fee is nonrefundable, but 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 will not be creditable to amounts due for future years. Royalty Payments: • Running royalties of [...***...]% of Net Sales of Licensed Products and Licensed Processes are due within [...***...] days of the end of each calendar quarter. • If Alnylam or an Affiliate is legally required to pay royalties to one or more third parties in order to obtain a license or similar right necessary to practice the Patent Rights, Alnylam will be entitled to credit up to [...***...]% of the amounts payable to such third ***Confidential Treatment Requested parties against the royalties due to MIT for the same reporting period; provided, however, that (i) in no event will the running royalties due to MIT, when aggregated with any other offsets and credits allowed under the MIT Agreement, be less than [...***...]% of Net Sales in any reporting period, and (ii) royalties due to third parties with respect to [...***...] patents (see Appendix B to MIT Agreement) will not qualify for purposes of the foregoing offset against royalties.
