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.
Appears in 3 contracts
Samples: Exclusive Patent License Agreement (Rubius Therapeutics, Inc.), Exclusive Patent License Agreement (Rubius Therapeutics, Inc.), Exclusive Patent License Agreement (Rubius Therapeutics, Inc.)
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: 2011 $ [***] 2012 $ [***] 2013 $ [***] 2014 $ [***] 2015 and every year thereafter $ [***] [***] This The license maintenance fee is nonrefundable; however, the . The license maintenance fee may will 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 , and 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. The license maintenance fee is not creditable against any other payment due hereunder.
Appears in 2 contracts
Samples: Exclusive Patent License and Tangible Property Agreement (Verastem, Inc.), Exclusive Patent License and Tangible Property Agreement (Verastem, Inc.)
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 all payments due on NET SALES earned under this Agreement during the same calendar year and any milestone payments in the same calendar year, if any, except patent cost reimbursements as provided in Section 6.3 and the FUNDING MILESTONE PAYMENT. License maintenance fees paid in excess of running royalties and milestone such payments due in such calendar year will shall not be creditable to amounts due for future years.
Appears in 2 contracts
Samples: License Agreement (Syros Pharmaceuticals, Inc.), License Agreement (Syros Pharmaceuticals, Inc.)
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: 2012 [***] 2013 [***] 2014 [***] 2015 and every year thereafter [***] [***] [***] This The license maintenance fee is nonrefundable; however, the . The license maintenance fee may will be credited to running royalties subsequently due on NET SALES earned occurring during the same calendar year and any milestone payments in the same calendar year, if any. License , and license maintenance fees paid in excess of running royalties and milestone payments due in on such calendar year NET SALES will not be creditable to amounts due for future years. The license maintenance fee is not creditable against any other payment due hereunder.
Appears in 1 contract
Samples: Exclusive Patent License Agreement (Verastem, Inc.)
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: Year(s) License Maintenance Fee [***] [***] [***] [**] [**] [**] [**] [***] This license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently all payments due on NET SALES earned under this Agreement during the same calendar year and any milestone payments in the same calendar year, if any, except patent cost reimbursements as provided in Section 6.3 and the FUNDING MILESTONE PAYMENT. License maintenance fees paid in excess of running royalties and milestone such payments due in such calendar year will shall not be creditable to amounts due for future years.
Appears in 1 contract
Samples: License Agreement
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: [2020 $ [ ***] 2021 and every year thereafter $ [ ***] [***] [***] [***] [***] [***] This license maintenance fee is nonrefundable; however], the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned under this Agreement 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 such payments due in such calendar year will not be creditable to amounts due for future years.
Appears in 1 contract
Samples: Patent License Agreement (Omega Therapeutics, Inc.)
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 2017 $[***] 2018 $[***] 2019 $[***] 2020 $[***] [***] 2021 and every year thereafter $[***] 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 shall not be creditable to amounts due for future years.
Appears in 1 contract
Samples: Tangible Property and Exclusive Patent License Agreement (Proteostasis Therapeutics, Inc.)
License Maintenance Fees. COMPANY shall pay to XXXXXXXXX the following license maintenance fees on January 1 of each year set forth below: [Year(s) License Maintenance Fee 2020 $ [ ***] 2021 $ [ ***] 2022 $ [ ***] 2023 $ [ ***] 2024 and every year thereafter $ [ ***] [***] [***] [***] [***] [***] This license maintenance fee is nonrefundable; however], the license maintenance fee may be credited to running royalties subsequently due on NET SALES earned under this Agreement 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 such payments due in such calendar year will not be creditable to amounts due for future years.
Appears in 1 contract
Samples: Patent License Agreement (Omega Therapeutics, Inc.)
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.
Appears in 1 contract
Samples: Exclusive Patent License Agreement