Common use of Payment Upon Option Exercise Clause in Contracts

Payment Upon Option Exercise. Upon exercise of the Option pursuant to this Section 4.9(c) for the Ex-US Countries plus [***] in the U.S. Territory, Sanofi shall pay to KaloBios an amount equal to [***]. Such payment shall be made in accordance with Section 8.9.

Payment Upon Option Exercise. Upon exercise of the Option pursuant to this Section 4.9(c4.9(b) for the Ex-US Countries plus [***] in the U.S. TerritoryCountries, Sanofi shall pay to KaloBios an amount equal to [***]. Such payment shall be made in accordance with Section 8.9.