Common use of Option Extension Fee Clause in Contracts

Option Extension Fee. If SB elects to extend the [***] Option Period pursuant to Section 3(c) above, on or before the expiration of the initial [***] Option Period, SB shall pay to Corixa a lump sum payment of [***] by wire transfer of immediately available funds, which payment shall be subject to credit, conversion or repayment as set forth in Section 4 below.

Option Extension Fee. If SB elects to extend the [***] Option Period pursuant to Section 3(c2(c) above, on or before the expiration of the initial [***] Option Period, SB shall pay to Corixa a lump sum payment of [***] by wire transfer of immediately available funds, which payment shall be subject to credit, conversion or repayment as set forth in Section 4 below.