Sales Milestones. (a) If the Licensed Product is developed by Cerulean or an Affiliate of Cerulean and reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 2 contracts
Samples: 101 Agreement, It 101 Agreement (Cerulean Pharma Inc.)
Sales Milestones. (a) If the For each Licensed Product is developed by Cerulean or an Affiliate of Cerulean and which reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 2 contracts
Samples: Platform Agreement, Platform Agreement (Cerulean Pharma Inc.)
Sales Milestones. (a) If the Licensed Product is developed by Cerulean or an Affiliate of Cerulean and reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 1 contract
Samples: It 101 Agreement
Sales Milestones. (a) If the For each Licensed Product is developed by Cerulean or an Affiliate of Cerulean and which reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] thirty (30) days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 1 contract
Sales Milestones. (a) If the Licensed Product is developed by Cerulean or an Affiliate of Cerulean and reaches the following sales thresholds, Cerulean shall pay the applicable non-refundable, non-creditable milestone payment set forth below, subject to Section 5.3(b), within [**] thirty (30) days after the occurrence of such event to Calando via wire transfer of immediately available funds to an account designated by Calando: Milestone Event: Milestone Payment:
Appears in 1 contract
