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
Appears in 3 contracts
Samples: Patent License Agreement, Patent License Agreement (Apellis Pharmaceuticals, Inc.), Patent License Agreement (Apellis Pharmaceuticals, Inc.)
License Maintenance Fees. In partial consideration of the License, Company will pay to Penn, commencing on or within [**] days of each the first anniversary of the Original Agreement Effective Date, Date and on each anniversary thereafter until the first Sale (as defined in Section 3.63.5) 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
Appears in 3 contracts
Samples: Patent License Agreement, Patent License Agreement (Apellis Pharmaceuticals, Inc.), Patent License Agreement (Apellis Pharmaceuticals, Inc.)
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, Date until the first Commercial Sale (as defined in Section 3.63.3) 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 Fifth and thereafter LICENSE MAINTENANCE FEE: [[ ** *] [[ ** *] [[ ** *] [[ ** ] $ 100,000*]
Appears in 3 contracts
Samples: Patent License Agreement, Patent License Agreement (Spark Therapeutics, Inc.), Patent License Agreement (Spark Therapeutics, Inc.)
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, Date until the first Sale (as defined in Section 3.63.5) 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: $ [** *] $ [** ] [** ] [** ] $ 100,00030,000 $ 50,000
Appears in 1 contract
