Common use of License Maintenance Fees Clause in Contracts

License Maintenance Fees. As partial consideration for the licenses granted hereunder, Licensee shall pay Harvard non-refundable annual license maintenance fees as follows: 4.3.1 [* * *] due and payable on the first anniversary of the Original Effective Date; 4.3.2 [* * *] due and payable on the second anniversary of the Original Effective Date; 4.3.3 [* * *] due and payable on the third anniversary of the Original Effective Date; and 4.3.4 [* * *] for Type I Licensed Products and [* * *] for Type II Licensed Products due and payable on the fourth anniversary of the Original Effective Date and on each subsequent anniversary of the Original Effective Date during the Term. Each license maintenance fee paid under this Section 4.3 shall be creditable against the royalties that are payable to Harvard under Section 4.5.