Noncash Consideration. If Licensee receives from Sublicensees --------------------- anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensor based on such cash value as set forth in Section 4.
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Noncash Consideration. If Licensee receives from Sublicensees --------------------- anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensor Licensors based on such cash value as set forth in Section 4.
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Samples: License Agreement (Renovis Inc)
Noncash Consideration. If Licensee receives from Sublicensees --------------------- anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensor based on such cash value as set forth in Section 4.
Appears in 1 contract
Samples: License Agreement (Renovis Inc)
Noncash Consideration. If Licensee receives from Sublicensees --------------------- anything of value in lieu of cash payments in satisfaction of payment of obligations under the sublicense and this Agreement, then Licensee shall determine the cash value of such consideration in good faith and shall pay Licensor Licensors based on such cash value as set forth in Section 4.
Appears in 1 contract