Sharing of CORPORATE PARTNER INCOME. (i) COMPANY shall pay M.I.T. a total of * of all CORPORATE PARTNER INCOME received by COMPANY, and AFFILIATES. Such amount shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD. (ii) COMPANY shall pay to M.I.T. a total of * of any payments received by COMPANY from SUBLICENSEES in consideration of CORPORATE PARTNER INCOME received by SUBLICENSEES.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (Enumeral Biomedical Holdings, Inc.), Exclusive Patent License Agreement (Enumeral Biomedical Holdings, Inc.)
Sharing of CORPORATE PARTNER INCOME. (i) COMPANY shall pay M.I.T. a total of * [***] percent ([***]%) of all CORPORATE PARTNER INCOME received by COMPANY, and COMPANY or any of its AFFILIATES. Such amount shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty (60) [***] days of the end of each REPORTING PERIOD.
(ii) COMPANY shall pay to M.I.T. a total of * of any payments received by COMPANY from SUBLICENSEES in consideration of CORPORATE PARTNER INCOME received by SUBLICENSEES.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (Selecta Biosciences Inc), Exclusive Patent License Agreement (Selecta Biosciences Inc)
