Minimum Performance. if, after the sixth anniversary of the Initial capitalization of OSIRIS, payments due to CWRU under Article VI fall below fifty thousand dollars ($50,000) per year, the License granted by this Agreement shall be terminated unless OSIRIS pays CWRU the difference between the amount due and fifty thousand dollars ($50,000), unless extended by mutual agreement.
Appears in 2 contracts
Samples: Technology Transfer and License Agreement (Osiris Therapeutics Inc), Technology Transfer and License Agreement (Osiris Therapeutics Inc)
Minimum Performance. ifIf, after the sixth anniversary of the Initial initial capitalization of OSIRIS, payments due to CWRU under Article VI fall below fifty thousand dollars ($50,000) per year, the License granted by this Agreement shall be terminated unless OSIRIS pays CWRU the difference between the amount due and fifty thousand dollars ($50,000), unless extended by mutual agreement.
Appears in 2 contracts
Samples: Technology Transfer and License Agreement (Mesoblast LTD), Technology Transfer and License Agreement (Mesoblast LTD)