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: 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, 2009 2017 $ [*** ] January 1, 2010 $ [*** ] January 1, 2011 $ [*** ] January 1, 2012 $ [*** ] January 1, 2013 $ [*** ] January 1, 2014 $ [*** ] Each January 1st thereafter, until [***] January 1, 2018 $ [*** ] Each January 1st after [***] 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, 2008 $ [ **] January 1, 2009 $ [[ *** ] January 1, 2010 $ [[ *** ] January 1, 2011 $ [[ *** ] January 1, 2012 $ [[ *** ] January 1, 2013 $ [[ *** ] January 1, 2014 $ [*** ] Each January 1st thereafter, until [*[ **] and each January 1 of every year thereafter $ [[ *** ] 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 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 $ [*** ] Each January 1st thereafter1, until 2015 [***] $ [*** ] Each And each January 1st after [***] 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, 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 *]; [***] $ [*** *]; [***] [***]; Each [***] thereafter, [***] by COMPANY or an AFFILIATE or SUBLICENSEE [***]; and Each [***] after the [***] by COMPANY or an AFFILIATE or SUBLICENSEE [***]. 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.