Common use of Option Exercise Fee Clause in Contracts

Option Exercise Fee. In connection with its exercise of the Option, Amgen shall pay to Xencor a non-refundable, non-creditable Option exercise fee of […***…], which shall be payable as follows: (a) […***…] (the “Initial Option Exercise Fee”) together with the Option Exercise Notice. For clarity, Amgen’s exercise of the Option shall not become effective unless and until the Initial Option Exercise Fee is paid; and (b) […***…] (the “Second Option Exercise Fee”) before the later of (1) that date which is […***…] after the Option Exercise Date, and (2) […***…] beginning after the Option Exercise Date.

Option Exercise Fee. In connection with its exercise of the Option, Amgen shall pay to Xencor a non-refundable, non-creditable Option exercise fee of […***…], which shall be payable as follows: (a) […***…] (the “Initial Option Exercise Fee”) together with the Option Exercise Notice. For clarity, AmgenXxxxx’s exercise of the Option shall not become effective unless and until the Initial Option Exercise Fee is paid; and (b) […***…] (the “Second Option Exercise Fee”) before the later of (1) that date which is […***…] after the Option Exercise Date, and (2) […***…] beginning after the Option Exercise Date.

Option Exercise Fee. In connection with its exercise of the Option, Amgen shall pay to Xencor a non-refundable, non-creditable Option exercise fee of […***…]$50,000,000, which shall be payable as follows: (a) […***…] (the “Initial Option Exercise Fee”) together with the Option Exercise Notice. For clarity, Amgen’s exercise of the Option shall not become effective unless and until the Initial Option Exercise Fee is paid; and (b) […***…] (the “Second Option Exercise Fee”) before the later of (1) that date which is […***…] after the Option Exercise Date, and (2) […***…] beginning after the Option Exercise Date.