Common use of Multiple Milestone Payments Clause in Contracts

Multiple Milestone Payments. Notwithstanding the foregoing to the contrary, Company shall pay Broad the respective Milestone Payments set forth in this Section 4.3 for the first achievement of the specified Milestone Event for each of the first [***] Distinct IP Asset Family Products only and not for the achievement of the specified Milestone Event for any subsequent Distinct IP Asset Family Products, regardless of whether such Milestone Event is achieved by Company, an Affiliate of Company, a Sublicensee, or a combination thereof. For clarity and by way of example, [***].

Appears in 5 contracts

Samples: License Agreement (BioNTech SE), License Agreement, License Agreement (Neon Therapeutics, Inc.)

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