Common use of License Payment Clause in Contracts

License Payment. A. For the Initial Term of the Agreement, Licensee shall pay Department a minimum License Payment of Three Hundred ($300.00) Dollars upon return of the Licensee-signed Agreement as consideration for the license and privilege granted. Failure on the part of Licensee to submit the required License Payment upon return of the Licensee-signed Agreement will result in the non-execution of the Agreement and the Agreement shall be considered null and void. For the Renewal Term, if any, Licensee shall pay Department in accordance with the License Payment Schedule set forth in Exhibit B. B. The License Payment(s) shall be submitted by check made payable to “Treasurer - State of New Jersey” and be received on or before the scheduled payment date to: Department of Environmental Protection Natural and Historic Resources Office of Leases & Concessions PO Box 420, Mail Code: 501-04C Trenton, New Jersey 08625-0420

License Payment. A. For the Initial Term of the Agreement, Licensee shall pay Department a minimum License Payment of Three One Hundred ($300.00100.00) Dollars upon return of the Licensee-signed Agreement as consideration for the license and privilege granted. Failure on the part of Licensee to submit the required License Payment upon return of the Licensee-signed Agreement will result in the non-execution of the Agreement and the Agreement shall be considered null and void. For the subsequent Renewal TermTerms, if any, Licensee shall pay Department in accordance with the License Payment Schedule set forth in Exhibit B. B. The License Payment(s) shall be submitted by check made payable to “Treasurer - State of New Jersey” and be received on or before the scheduled payment date to: Department of Environmental Protection Natural and Historic Resources Office of Leases & Concessions PO Box 420, Mail Code: 501-04C Trenton, New Jersey 08625-0420