Minimum Annual Consideration. In order to maintain this exclusive license to the LINE, LICENSEE shall pay to SYSTEM minimum annual consideration as follows: (a) for the 20___ BUSINESS YEAR: no payment will be due; (b) for the 20__ BUSINESS YEAR: [identify word and number amount]; and (c) for the 20__ BUSINESS YEAR until [the 20___ BUSINESS YEAR or termination or expiration of this Agreement]: [identify word and number amount] per BUSINESS YEAR.
Appears in 2 contracts
Samples: Intellectual Property Rights Agreement (Ceres, Inc.), Intellectual Property Rights Agreement (Ceres, Inc.)
Minimum Annual Consideration. In order to maintain this exclusive license to the LINE, LICENSEE shall pay to SYSTEM minimum annual consideration as follows:
(a) for the 20___ 2011 BUSINESS YEAR: no payment will be due;
(b) for the 20__ 2012 BUSINESS YEAR: $[identify word and number amount***]; and
(c) for the 20__ 2013 BUSINESS YEAR until the 2018 BUSINESS YEAR: $[the 20___ BUSINESS YEAR or termination or expiration of this Agreement]: [identify word and number amount***] per BUSINESS YEAR.
Appears in 1 contract
Samples: Line License Agreement (Ceres, Inc.)
Minimum Annual Consideration. In order to maintain this exclusive license to the LINE, LICENSEE shall pay to SYSTEM minimum annual consideration as follows:
(a) for the 20___ 2010 BUSINESS YEAR: no payment will be due;$[***]; and
(b) for the 20__ 2011 BUSINESS YEAR until the 2018 BUSINESS YEAR: $[identify word and number amount]; and
(c) for the 20__ BUSINESS YEAR until [the 20___ BUSINESS YEAR or termination or expiration of this Agreement]: [identify word and number amount***] per BUSINESS YEAR.
Appears in 1 contract
Samples: Line License Agreement (Ceres, Inc.)
