Common use of License Maintenance Fees Clause in Contracts

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: 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. COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: [***] January 1, 2017 $ [***] [***] January 1, 2018 $ [***] [***] January 1, 2019 $ [***] [***] January 1, 2020 $ [***] [***] January 1, 2021 $ [***] [***] January 1, 2022 $ [***] January 1, 2023 and [***] 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, 2002 $ [***] [***] January 1, 2003 $ [***] [***] January 1, 2004 $ [***] [***] January 1, 2005 $ [***] [***] $ [***] [***] $ [***] [***] Each January 1st thereafter $ [***] This annual license maintenance fee is nonrefundable; however, the license maintenance fee may shall 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, 2012 $ [***] [***] 15,000 January 1, 2013 $ [***] [***] 20,000 January 1, 2014 $ [***] [***] 25,000 January 1, 2015 $ [***] [***] 30,000 January 1, 2016 $ [***] [***] 40,000 January 1, 2017 $ [***] [***] 50,000 and each January 1 of every year thereafter $ [***] 50,000 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 during the TERM on the dates set forth below: January 1, 2009 [ **] January 1, 2010 [ **] January 1, 2011 [ **] January 1, 2012 [ **] January 1, 2013 [***] $ January 1, 2014 [***] January 1, 2015 [***] And each January 1st of every year thereafter $ [***] [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] 150,000 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, 2008 $ [ **] January 1, 2009 $ [*[ **] [*January 1, 2010 $ [ **] January 1, 2011 $ [*[ **] [*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 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, 2017 $[***] $ January 1, 2018 $[***] January 1, 2019 $[***] $ January 1, 2020 $[***] [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] [***] $ [***] January 1, 2021 and Every January 1 thereafter $50,000 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.