Common use of Milestone Payment Procedures Clause in Contracts

Milestone Payment Procedures. Prophase shall provide Global BioLife with written notice of the achievement of each milestone event within ten (10) days after achievement of the milestone event set forth in Section 4.02(a). Prophase shall pay to Global BioLife, by wire transfer to an account designated by Global BioLife, the applicable milestone payment listed above within thirty (30) days after the applicable notice deadline in this Section 4.02(b).

Appears in 4 contracts

Samples: License Agreement, License Agreement (Impact Biomedical Inc.), License Agreement (Impact Biomedical Inc.)

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