Common use of Payment of Past Due Amounts Clause in Contracts

Payment of Past Due Amounts. In full satisfaction of the Liabilities, and subject to the Conversion Agreement, (i) [8.64%] of the Conversion Shares issued to Cedars Sinai Intellectual Property Company, a California nonprofit public benefit corporation and wholly-owned subsidiary of CSMC (“CSIPC”), shall be allocated by CSMC to satisfaction of the Liabilities, and (ii) [8.64%] of the Excess Liabilities paid to CSMC under the Conversion Agreement (including any interest due as set forth therein), shall be allocated by CSMC to satisfaction of the Liabilities. Any material breach by Licensee of the Conversion Agreement shall be deemed a breach of the License.

Payment of Past Due Amounts. In full satisfaction of the Liabilities, and subject to the Conversion Agreement, (i) [8.642.82%] of the Conversion Shares issued to Cedars Sinai Intellectual Property Company, a California nonprofit public benefit corporation and wholly-owned subsidiary of CSMC (“CSIPC”), shall be allocated by CSMC to satisfaction of the Liabilities, and (ii) [8.642.82%] of the Excess Liabilities paid to CSMC under the Conversion Agreement (including any interest due as set forth therein), shall be allocated by CSMC to satisfaction of the Liabilities. Any material breach by Licensee of the Conversion Agreement shall be deemed a breach of the License.

Payment of Past Due Amounts. In full satisfaction of the Liabilities, and subject to the Conversion Agreement, (i) [8.6463.77%] of the Conversion Shares issued to Cedars Sinai Intellectual Property Company, a California nonprofit public benefit corporation and wholly-owned subsidiary of CSMC (“CSIPC”), shall be allocated by CSMC to satisfaction of the Liabilities, and (ii) [8.6463.77%] of the Excess Liabilities paid to CSMC under the Conversion Agreement (including any interest due as set forth therein), shall be allocated by CSMC to satisfaction of the Liabilities. Any material breach by Licensee of the Conversion Agreement shall be deemed a breach of the License.

Payment of Past Due Amounts. In full satisfaction of the Liabilities, and subject to the Conversion Agreement, (i) [8.649.84%] of the Conversion Shares issued to Cedars Sinai Intellectual Property Company, a California nonprofit public benefit corporation and wholly-owned subsidiary of CSMC (“CSIPC”), shall be allocated by CSMC to satisfaction of the Liabilities, and (ii) [8.649.84%] of the Excess Liabilities paid to CSMC under the Conversion Agreement (including any interest due as set forth therein), shall be allocated by CSMC to satisfaction of the Liabilities. Any material breach by Licensee of the Conversion Agreement shall be deemed a breach of the License.

Payment of Past Due Amounts. In full satisfaction of the Liabilities, and subject to the Conversion Agreement, (i) [8.6414.94%] of the Conversion Shares issued to Cedars Sinai Intellectual Property Company, a California nonprofit public benefit corporation and wholly-owned subsidiary of CSMC (“CSIPC”), shall be allocated by CSMC to satisfaction of the Liabilities, and (ii) [8.6414.94%] of the Excess Liabilities paid to CSMC under the Conversion Agreement (including any interest due as set forth therein), shall be allocated by CSMC to satisfaction of the Liabilities. Any material breach by Licensee of the Conversion Agreement shall be deemed a breach of the License.