Licensee Fee Sample Clauses

Licensee Fee. Licensee shall pay to NovaDel $ *** as an up-front licensing fee for the Designated Compound, payable in cash as follows: 4.4.1 $ *** 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 $ *** 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. (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. 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. 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. 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 W(3) of this License.

Licensee Fee. In consideration of the licenses provided to Licensee by Licensor under this Agreement, Licensee shall pay to Licensor the nonrefundable sum of Six Million Dollars ($6,000,000) which shall be paid as follows: (i) One Million Dollars ($1,000,000) payable immediately upon signing of the Agreement in immediately available funds; (ii) One Million Dollars ($1,000,000) payable in immediately available funds on May 1, 1997; and (iii) an aggregate of Four Million Dollars ($4,000,000) through hardware royalty premium earn outs and software purchase price premium earn outs as set forth in Schedule A hereto (the "Royalty Premium").

Licensee Fee. Licensee shall pay to Licensor an annual fee of $8,505 (the “Extended Term License Fee”) for the Extended Term, due and payable within thirty (30) days immediately after the Extended Term Effective Date. Licensee covenants and agrees to pay the Extended Term License Fee without offset or deduction to Licensor at Licensor’s address written above, or at such other address as Licensor shall from time to time designate in writing.

Licensee Fee. For and in consideration of the Premises and the covenants and conditions herein contained, Licensee shall pay to Licensor on or before the first day of each month the amount of Two Thousand and 00/100 Dollars ($2,000.00) per month as a license fee to Licensor ("Fee" or "fee") during the Term, as it may be extended pursuant to Section 2 of this Agreement. Licensee shall pay the fee to Licensor to The Kroger Co., ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ LIR Agreement – 615-00034 or to such other address as Licensor may designate from time to time by written notice to Licensee, without demand and without deduction, set-off or counterclaim. Time is of the essence of Licensee's obligation to pay fee as herein set out. Should any fee installment not be paid promptly as required by the terms of this Agreement, and, if such installment remains unpaid and delinquent beyond the tenth (10th) day upon which it was due and owing, then there shall be imposed a late penalty equal to six percent (6%) of the amount of said delinquent fee installment. Any penalty amount so imposed shall be due and payable with the delinquent fee installment which occasioned its imposition. If Licensor shall at any time or times accept said fee after it shall become due and payable, such acceptance shall not excuse delay upon subsequent occasions, or constitute, or be construed as, a waiver of any or all of the Licensor's rights hereunder.

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).