Option Fees. Unless Grantee shall have otherwise elected to terminate this Option Agreement as set forth in Section 4 below, then commencing on the Effective Date and continuing on any extension of the First Option Term, Grantee shall make the payments to the Owner as set forth below (each payment an “Option Fee,” and collectively, “Option Fees”), in which case the Option Period shall continue accordingly. In addition to the foregoing, for clarity purposes, Xxxxxxx’s obligation to make the Option Fee payments shall terminate as of the date that Grantee exercises the option to lease the Property, in which event Grantee shall instead commence payment of the fees due under the Ground Lease Agreement in accordance therewith. All payments made pursuant to this Option Agreement shall be paid to the Owner on the Effective Date, or for any extension, on the date of the execution of the Option Term Extension. All payments made pursuant to this Option Agreement shall be non-refundable.
Option Fees. The option fees of [***] and [***] respectively as set forth in Article II Paragraphs B and C.
Option Fees. In full consideration for the Option granted to Amarin, within three (3) business days of execution of this Agreement by both parties, Amarin shall pay to Elan a non-refundable, non-creditable option fee of One Hundred Thousand Dollars ($100,000).
Option Fees. (a) Each Party acknowledges that Licensee has previously delivered an Option Notice for the EBV Autologous Option and has paid to Institute a fee of [***] (the “Option Fee”). The Option Fee is nonrefundable and non-creditable against any other amounts once paid and is not in any way contingent on use or productivity of the underlying technology and know-how related to the EBV Autologous Option.
Option Fees. (i) Discovery agrees to pay to XXXX option fees in accordance with the following table to add Belgium, France, Germany, Italy, the Netherlands, Switzerland and the United Kingdom to the Licensed Territory: Event License Fee ----- ----------- Execution of this Agreement $ 200,000 Upon exercise of the option in Europe but in $ 200,000 no event later than January 1, 2002 (Discovery must exercise option if any development work is done in Europe) Upon Date of NDA Submission with the first $1,000,000 European country's equivalent of the FDA The above named countries shall be considered added to the license granted hereunder by expansion of the Licensed Territory after payment of the $200,000 installment due upon exercise of the option to expand the Licensed Territory. All fees due under this Section 3C are payable only once, regardless of the number of Products, or submissions to the European equivalent of the FDA.
Option Fees. In partial consideration for the Option, Sucampo shall pay CPP Seven Million Five Hundred Thousand U.S. Dollars ($7,500,000) as follows:
Option Fees. Upon exercise of its Option for a Program, Celgene shall, within [***] after the Implementation Date of the applicable Development & Commercialization Agreement, pay to Jounce an Option exercise payment in the applicable amount as set forth below for such Program:
Option Fees. In consideration for the option granted in Section 7.1 ----------- above, Glaxo shall pay to MEGABIOS the amounts set forth below in each of the years of the Research Term so indicated: [*]=CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. Year 1 [ * ] Year 2 [ * ] Year 3 [ * ] Year 4 [ * ] Year 5 [ * ] Such amounts shall be payable in advance, 30 days prior to the commencement of the relevant Year for which payment is due, with "Year 1" commencing on the Effective Date and each "Year" thereafter commencing upon the respective anniversary thereof.
Option Fees. For each single QBI Option requested by QBI and granted by Atugen for the option period, QBI agrees to pay Atugen a non-refundable option fee as follows:
Option Fees. In order to initially exercise the Option, IC shall send to AMBI a notice of Option exercise and pay to AMBI $25,000 on or before August 1, 2000.
