Common use of Regulatory Milestone Payments Clause in Contracts

Regulatory Milestone Payments. For each Exclusive Target for which Genentech has exercised an Option pursuant to Section 3.2 above, Licensee shall pay Arvinas the following one-time milestone event payments for the first achievement of the corresponding milestone events for any Licensed Product that is a Valid Claim Licensed Product at the time of such achievement, with respect to such Exclusive Target, subject to the terms of this Section 6.3 and the payment provisions in Article 7 below: Regulatory Milestone Event for each Exclusive Target Milestone Event Payment (US$) 1st Indication 2nd Indication [**] [**] [**] [**] [**] [**] [**] [**] [**] Total Potential Regulatory Milestone Event Payments: $35,000,000 $17,500,000