Common use of License Maintenance Fees Clause in Contracts

License Maintenance Fees. COMPANY shall pay to THE PARTIES the following license maintenance fees on the dates set forth below: January 1, 2015 $10,000 January 1, 2016 $15,000 January 1, 2017 $25,000 January 1, 2018 $37,000 January 1, 2019 $50,000 and each January 1st 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 THE PARTIES the WHXXXXXXX xhe following license maintenance fees on the dates set forth below: January 1, 2015 $10,000 January 1, 2016 $15,000 January 1, 2017 $25,000 January 1, 2018 $37,000 January 1, 2019 $50,000 2021 and each January 1st of every year thereafter during the TERM: [***]. This annual license maintenance fee is nonrefundable; however, the license maintenance fee may be credited to running royalties subsequently due on NET SALES and SERVICE INCOME 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.