Non-Royalty Payments Clause Samples

Non-Royalty Payments. Payments other than royalty payments required to be made by IMX pursuant to this Agreement shall be made by check in good funds, payable in US Dollars to the order of IGI, Inc. and shall be delivered to IGI within thirty (30) days of IGI's submitting its invoice for such payment to IMX.

Non-Royalty Payments. The following non-royalty payments shall be made to ALW PARTNERSHIP: (i) Upon execution of this Agreement, PANAX agrees to pay ALW PARTNERSHIP the sum of $100,000 less any payments which have been made to Cr▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇ursuant to the paragraph entitled Exclusivity on page 3 of the December 15, 1996 Letter of Understanding between PANAX Pharmaceutical Company and Cr▇▇▇ ▇▇▇▇▇▇▇▇▇, M.D. ("the Letter of Understanding"); (ii) ALW PARTNERSHIP shall be further entitled to receive an additional $150,000 payment from PANAX upon one or more parties in one or more series, making an equity investment in or a loan to PANAX aggregating at least $2,000,000; and (iii) Upon receiving NDA approval of the first of any Product or Improvement in the United States, ALW PARTNERSHIP will receive $250,000 from PANAX.

Non-Royalty Payments. All payments required to be made by GW pursuant -------------------- to this Agreement (other than royalties and Sales Milestone Payments) shall be made by check in good funds, payable in US Dollars to the order of IGI, Inc. and shall be delivered to IGI within thirty (30) days of IGI's submitting its invoice for such payment to GW.

Non-Royalty Payments. In addition to Royalties, during the Term of this Agreement, Enviro shall pay Tracon three percent (3%) of all consideration received from any Third Party in connection with any collaboration or license related to Product, including without limitation any grant of any right in or option to acquire any right in any CD 105 Patents or intellectual property of Enviro in Product (“Sublicense Fees”). Sublicense Fees shall be earned with respect to payments received as upfront, lump-sum, milestone and all other payments except for royalties on Net Sales of Products. No later than sixty (60) days following the end of each calendar year, Enviro shall provide to Tracon a report of all Sublicense Fees owed for such year, including the amount, source and detailed rationale for all consideration giving rise to such Sublicense Fees. Enviro shall pay tire Sublicense Fees to Tracon no later than the date by which such report is due. Enviro shall keep and cause its Affiliates to keep, accurate books and records sufficient to determine the amount of Sublicense Fees for at least three years following the year in which the applicable consideration was received. Enviro shall promptly pay to Tracon the amount of any underpayment plus accrued interest as determined by the audit.

Non-Royalty Payments. In situations where the sublicensee does -------------------- not pay a royalty, Senesco shall pay to Tilligen an amount equal to [**] percent ([**]%) of all non-royalty income (including, without limitation, license fees, license maintenance fees and milestone payments, but not including equity consideration or reimbursements for actual research and development costs incurred by Senesco) received by Senesco from any sublicensees to the Tilligen Intellectual Property ("Non-Royalty Payments"). Such Non-Royalty Payments shall be paid on a calendar quarterly basis along with the payment of the foregoing royalties, within thirty (30) days of the close of the calendar quarter in which such Non-Royalty Payment was received.