Payment for License. (a) As consideration for the Transferred Protiva Rights, and in full satisfaction of the Protiva Purchase Price, the Licensee (i) issued to Protiva the Protiva Note, (ii) issued to Protiva one Class B Common share without par value in the capital stock of the Licensee as a fully paid and non-assessable share, and (iii) granted to Protiva the rights set out in Section 3.3.
Payment for License. In consideration of this license to bow and shotgun xxxx under the terms of this Agreement, the Hunting Club agrees to pay to the Township the sum of $ XX payable at the time of signing of this Agreement.
Payment for License. Within thirty (30) days after the signing of this Agreement, I-Mab shall pay a sum of US$12,000,000 to Genexine as the license fees in connection with the License subject to the terms and conditions provided herein.
Payment for License. (c) Licensee shall pay promptly to Protiva: (i) a one-time, non-refundable, non-creditable payment in the amount of [***] upon the first to occur, if either, of (x) the Net Sales in the Territory of Products by Monsanto or its Affiliates equals or exceeds [***] in any single year during the 10-year period following Commercial Launch of the first Product, or (y) the aggregate Net Sales in the Territory of Products by Monsanto or its Affiliates equals or exceeds [***] cumulatively over the 10-year period following the Commercial Launch of the first such Product and (ii) a one-time, non-refundable, non-creditable payment in the amount of [***] if in any single year during the 10-year period following Commercial Launch of the first Product, the Net Sales in the Territory of Products by Monsanto or its Affiliates equals or exceeds [***] (each a “Commercial Milestone Payment”). The amount of any Commercial Milestone Payment shall be reduced, if applicable, in accordance with Monsanto’s right of set off and/or any reduction in the amount of the Commercial Milestone Payment as a result of a Change of Control of Protiva or Arbutus, in each case under Section 3(f) or 3(g) of the Option Agreement.
Payment for License. 5.1 As partial consideration for the License granted hereunder, the Licensee agrees to pay the Licensor a Fee of $1,000 per annum.
Payment for License. In consideration of the granting of the said License, Licensee agrees to pay to Licensor the sum of Three Hundred and 00/100 Dollars ($300.00) per year, with said payment being due upon the execution of this License Agreement, and then upon the commencement of any renewal period as described below.
Payment for License. In addition to the surrender of future royalties as detailed in item #4 above, the Art Licensee shall pay the Art Licensor the one time fee of $1,500.00 USD to pay for the Art Licensee’s perpetual use of the Art Assets. This one time fee (in addition to the surrender of future xxx- alties as detailed in item #4 above) constitutes the entirety of the payment owed by the Art Licensee to the Art Licensor for the perpetual use of the Art Assets. The Art Licensee agrees to pay the Art Licensor the above named fee within thirty (30) days of the signing of this Agreement.
Payment for License. Within thirty (30) days after the Effective Date, BAXTER shall pay LICENSOR a one time license fee of $265,000.00 as partial consideration for the exclusive license granted herein.
Payment for License. As part of the consideration to acquire this exclusive License and the use of the Other Assets, PHS shall pay to HBT One Million Dollars ($1,000,000) payable as follows:
Payment for License. The Shareholders shall make the payment of their respective pro-rata portion of the License fee by way of equity and/or shareholders' loans. These shareholders' loans will be considered as a permanent funding to the Company and shall be converted into equity in compliance with the applicable law. The Parties will use their best efforts to find a suitable solution as soon as practicable regarding such a conversion into equity.
