Royalties and Payments. 3.00 LICENSEE shall pay directly to LICENSOR a one-time milestone payment of sixty-five thousand US dollars ($65,000.00) upon the first FDA APPROVAL of a LICENSED PRODUCT. This fee shall be payable sixty (60) days after the date of FDA APPROVAL of a LICENSED PRODUCT.
Appears in 4 contracts
Samples: License Agreement (TransMedics Group, Inc.), License Agreement (TransMedics Group, Inc.), License Agreement (TransMedics, Inc.)
