Licensee Fee. Licensee shall pay to NovaDel $500,000 as an up-front licensing fee for the Designated Compound, payable in cash as follows:
4.4.1 $250,000 within 10 Business Days of the first date on which the Licensee has received an aggregate of $5,000,000 through an equity financing or otherwise (including receipt of any milestone payments or other revenues); and
4.4.2 $250,000 within 10 Business Days of the first date on which the Licensee has received an aggregate of $10,000,000 through an equity financing or otherwise (including receipt of any milestone payments or other revenues).
Licensee Fee. Subject to the terms and conditions of this Agreement, MBI will pay USNY a license fee for the licenses granted under this Agreement. Such license fee shall be payable as follows:
(a) [*****] of such fee is due within [*****] after the Effective Date of this Agreement; and
(b) [*****] of such fee is due within [*****] after satisfactory receipt by MBI of the first EPA Registration.
Licensee Fee. (a) On March 28, 2012 Licensee paid Licensor U.S. $200,000 pursuant to the terms set forth in the Binding Term Sheet that was executed between the Parties on March 27.
(b) Licensee shall promptly pay to Licensor U.S. $200,000 upon execution of this License Agreement.
(c) Licensor shall be obligated to promptly return to Licensee U.S. $200,000 if License Agreement is not executed.
Licensee Fee. The Licensee is obliged to transfer the License Fee to the Licensor on the effective date of this Agreement. All rights granted by the Producer to the Licensee concerning the Instrumental Piece are subject to the Licensee's timely payment of the License Fee. The License Fee represents a one-time payment for the rights granted to the Licensee, and this Agreement shall not be considered valid until the License Fee has been duly paid.
Licensee Fee. The fee payable (“License Fee”) by the Licensee to the State for the rights and privileges conveyed in this License shall be as follows:
a. A sum equal to the percentages indicated below of the gross income of the business or a flat fee. Payment of the License Fee shall be the first charge among all operating expenses incurred and shall be received in the State office on or before the eighth (8th) of each month for the preceding calendar month or it shall be paid at such other times for such other periods as the State may direct. The License fee shall be:
b. License fees due and payable to the State which are not paid in accordance with this section of the License shall bear and accrue interest daily, until paid, at the rate of 1 ½% per month, or a late fee of $50.00, whichever is greater. Repeated violations of this section may result in the termination of this license by the State as provided in Section V(3) of this License.
Licensee Fee. LICENSEE shall pay LICENSOR an annual license fee of $10,000 payable by February 15 of each year, beginning February 15, 2011, as long as Xxxxxx Xxxxxx remains an employee of LICENSEE. After Xxxxxx Xxxxxx ceases to be an employee of LICENSEE, whether as a result of death, disability, retirement or otherwise, LICENSEE shall pay to LICENSOR, or its successor in interest, as the case may be, $250,000 per year for a period of four years, payable in annual installments as follow: (a) if Xxxxxx Xxxxxx ceases to be an employee of LICENSEE as a result of the death of Xxxxxx Xxxxxx, the first annual installment shall be paid on the last day of the month in which Xxxxxx Xxxxxx dies and the remaining installment payments shall be paid annually on the corresponding day of the same month in each of the three following years and (b) if Xxxxxx Xxxxxx ceases to be an employee of LICENSEE for any other reason, the first annual installment shall be paid on the date that is six months following the date that Xxxxxx Xxxxxx incurs a Separation From Service from LICENSEE and the remaining installment payments shall be paid annually in each of the three following years on the last day of the month in which occurs the anniversary of the date that Xxxxxx Xxxxxx incurred a Separation From Service from LICENSEE. The term “Separation From Service” shall have the meaning ascribed to such terms in section 409A of the Internal Revenue Code of 1986, as amended, and the rules, regulations and guidance issued thereunder by the Internal Revenue Service and the Department of Treasury. At its option and in its sole discretion, LICENSEE may continue the License and this License Agreement in effect, after the four year period, for consecutive annual periods by giving LICENSOR or its successor in interest, as the case may be, 60 days written notice of LICENSEE’S intention to continue the License prior to the end of the initial four year period and prior to the end of each additional one year period and by continuing to pay LICENSOR or its successor in interest, as the case may be, $250,000 a year in equal monthly installments. LICENSEE may continue to exercise its option to extend the License and this License Agreement for one year periods indefinitely; provided that if at any time the LICENSEE fails to extend the License or fails to make the payment required to extend the License, LICENSOR or its successor in interest, as the case may be, shall have the right to terminate the License and this L...
Licensee Fee. In consideration of the License granted to LICENSEE under §3 hereof, LICENSEE shall pay to M.I.T. a license fee of Thirty Thousand Dollars ($30,000) which shall be payable as follows:
(a) Upon execution of this Agreement, the sum of Five Thousand Dollars ($5,000);
(b) On or before October 1, 1982 the sum of Five Thousand Dollars ($5,000);
(c) On or before April 1, 1983, the sum of Five Thousand Dollars ($5,000);
(d) On or before October 1, 1983, the sum of Five Thousand Dollars ($5,000);
(e) On or before April 1, 1984, the sum of Five Thousand Dollars ($5,000);
(f) On or before October 1, 1984, the sum of Five Thousand Dollars ($5,000).
Licensee Fee. Licensee shall pay the Archive a License Fee as specified in Schedule A per second for the use of Footage as herein provided in provision B above, "RESTRICTED USE." The License Fee is being determined by the Archive administration. License Fee is subject to State of Tennessee sales tax. Any minimum License Fee as specified in Schedule A shall apply to the aforementioned License Fee. This minimum License Fee shall be due and payable at the time Footage is ordered from Archive. Within one (1) week of the final editing of Production (regardless of the actual or anticipated release/air date), Licensee shall report to Archive the amount of Footage included in production. Licensee shall then be billed for any License Fees due the Archive over and above the minimum License Fee already paid to Archive. The minimum License Fee is non-refundable in the event none of Footage is used in the Production. The following discounts shall apply to the aforementioned License Fee:
