Common use of REPAYMENT OF CONTRIBUTION Clause in Contracts

REPAYMENT OF CONTRIBUTION. 6.1 The Proponent shall pay to Canada TWO per cent (2.0 %) of the Revenue received by the Proponent. 6.2 Notwithstanding any other provision of this Agreement, Article 6.1 shall remain in effect for a period of TEN years or until Canada has received $200,000.00 from any Revenue received by the Proponent, whichever occurs first. 6.3 The Proponent shall submit Revenue reports and payments to Canada as described in Schedule C for the period set out in Article 6.2. 6.4 The Proponent agrees that all considerations to be received by the Proponent in respect of the licensing, selling, marketing or commercialization of the Intellectual Property shall be established in a bona fide arm's length transaction between parties.

Appears in 1 contract

Samples: Contribution Agreement (Hydrogenics Corp)

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REPAYMENT OF CONTRIBUTION. 6.1 The Proponent shall pay to Canada TWO per cent PER CENT (2.0 2%) of the Revenue received by the Proponent. 6.2 Notwithstanding any an other provision of this Agreement, Article 6.1 shall remain in effect for a period of TEN years 15 YEARS or until Canada has received $200,000.00 100,000 from any Revenue received by the Proponent, whichever occurs first. 6.3 The Proponent shall submit Revenue reports and payments to Canada as described in Schedule C for the period set out in Article 6.2. 6.4 The Proponent agrees that all considerations to be received by the Proponent in respect of the licensing, selling, marketing or commercialization of the Intellectual Property shall be established in a bona fide arm's length transaction between parties.

Appears in 1 contract

Samples: Contribution Agreement (Hydrogenics Corp)

REPAYMENT OF CONTRIBUTION. 6.1 The Proponent shall pay to Canada TWO per cent PER CENT (2.0 2%) of the Revenue received by the Proponent. 6.2 Notwithstanding any other provision of this Agreement, Article 6.1 shall remain in effect for a period of TEN years 15 YEARS or until Canada has received $200,000.00 100,000 from any Revenue received by the Proponent, whichever occurs first. 6.3 The Proponent shall submit Revenue reports and payments to Canada as described in Schedule C for the period set out in Article 6.2. 6.4 The Proponent agrees that all considerations to be received by the Proponent in respect of the licensing, selling, marketing or commercialization of the Intellectual Property shall be established in a bona fide arm's length transaction between parties.

Appears in 1 contract

Samples: Contribution Agreement (Hydrogenics Corp)

REPAYMENT OF CONTRIBUTION. 6.1 The Proponent shall pay to Canada TWO per cent FOUR PER CENT (2.0 4%) of the Revenue received by the Proponent. 6.2 Notwithstanding any other provision of this Agreement, Article 6.1 shall remain in effect for a period of TEN years YEARS or until Canada has received $200,000.00 from any Revenue received by an amount equal to the Proponentcontributions made pursuant to Article 4, whichever occurs first. 6.3 The Proponent shall submit Revenue reports and payments to Canada as described in Schedule C for the period set out in Article 6.2. 6.4 The Proponent agrees that all considerations to be received by the Proponent in respect of the licensing, selling, marketing or commercialization of the Intellectual Property shall be established in a bona fide arm's length transaction between parties.. ================================================================================ EAE Program Agreement (Repayable Contribution) - 2 - November 20, 2000

Appears in 1 contract

Samples: Contribution Agreement (Hydrogenics Corp)

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REPAYMENT OF CONTRIBUTION. 6.1 The Proponent shall pay to Canada TWO per cent PER CENT (2.0 2%) of the Revenue received by the Proponent. 6.2 Notwithstanding any other provision of this Agreement, Article 6.1 shall remain in effect for a period of TEN 10 years or until Canada has received $200,000.00 from any Revenue received by an amount equal to the Proponentcontributions made pursuant to Article 4, whichever occurs first. 6.3 The Proponent shall submit Revenue reports and payments to Canada as described in Schedule C for the period set out in Article 6.2. 6.4 The Proponent agrees that all considerations to be received by the Proponent in respect of the licensing, selling, marketing or commercialization of the Intellectual Property shall be established in a bona fide arm's length transaction between parties.. EAE Program Agreement (Repayable Contribution) June 10, 2003

Appears in 1 contract

Samples: Contribution Agreement (Hydrogenics Corp)

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