Common use of Notice of Achievement; Payment Clause in Contracts

Notice of Achievement; Payment. With respect to each event listed in Section 13.4.1 above, GNE shall promptly (and in any event within [***] of such Net Sales Event being met) inform Immunocore following the achievement of such event by either GNE or its Sublicensees. On or after Immunocore’s receipt of such notice of achievement, Immunocore shall submit a written invoice to GNE for the corresponding Milestone Payment. Each such invoice shall specify the applicable Net Sales Event, and shall be payable within [***] of receipt of an invoice from Immunocore with respect thereto. To the extent GNE elects to have Immunocore send an invoice to an address other than that specified in Section 22.2, GNE shall provide written notice to Immunocore thereof.

Notice of Achievement; Payment. With respect to each event listed in Section 13.4.1 6.3.1 above, GNE Immunocore shall promptly (and in any event within [***] of such Net Sales Event being met) inform Immunocore GNE following the achievement of such event by either GNE Immunocore or its Sublicensees. On or after ImmunocoreGNE’s receipt of such notice of achievement, Immunocore GNE shall submit a written invoice to GNE Immunocore for the corresponding Milestone Payment. Each such invoice shall specify the applicable Net Sales Event, and shall be payable within [***] of receipt of an invoice from Immunocore GNE with respect thereto. To the extent GNE Immunocore elects to have Immunocore GNE send an invoice to an address other than that specified in Section 22.215.2, GNE Immunocore shall . provide written notice to Immunocore GNE thereof.