Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty percent (50%) of all SUBLICENSE INCOME received by COMPANY or 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.
Appears in 4 contracts
Samples: Exclusive Patent License Agreement, Exclusive Patent License Agreement (ExOne Co), Exclusive Patent License Agreement
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty percent (50%) [***] of all SUBLICENSE INCOME received by COMPANY or AFFILIATES, excluding running royalties on NET SALES of SUBLICENSEES, DEVELOPMENTAL MILESTONE PAYMENTS and DISCOVERY PAYMENTS. 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.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (BioTrove, Inc.), Exclusive Patent License Agreement (BioTrove, Inc.)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty [**] percent (50[**]%) of all SUBLICENSE INCOME received by COMPANY or 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.
2. The remaining terms and conditions of the LICENSEE AGREEMENT remain in effect.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (A123 Systems, Inc.), Exclusive Patent License Agreement (A123 Systems Inc)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty [**] percent (50[**]%) of all SUBLICENSE INCOME received by COMPANY or AFFILIATES, excluding running royalties on NET SALES of SUBLICENSEES. 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.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (A123 Systems, Inc.), Exclusive Patent License Agreement (A123 Systems Inc)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty Twenty percent (5020%) of all SUBLICENSE INCOME received by COMPANY or 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.
Appears in 2 contracts
Samples: Tangible Property License Agreement, Tangible Property License Agreement (MetaStat, Inc.)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty [**] percent (50[**]%) of all SUBLICENSE INCOME received by COMPANY or 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.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (Momenta Pharmaceuticals Inc), Exclusive Patent License Agreement (Momenta Pharmaceuticals Inc)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty percent (50%) * of all SUBLICENSE INCOME received by COMPANY or AFFILIATESby. 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.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (Enumeral Biomedical Holdings, Inc.), Exclusive Patent License Agreement (Enumeral Biomedical Holdings, Inc.)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty [**] percent (50[**]%) of all SUBLICENSE INCOME received by COMPANY or AFFILIATESCOMPANY. 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.
Appears in 2 contracts
Samples: Exclusive Patent License Agreement (Visterra, Inc.), Exclusive Patent License Agreement (Visterra, Inc.)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty [**] percent (50[**]%) of all SUBLICENSE INCOME received by COMPANY or AFFILIATES. Such amount shall be payable for each REPORTING PERIOD in which SUBLICENSE INCOME is received and shall be due to M.I.T. within sixty (60) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Samples: Exclusive Patent License Agreement (Visterra, Inc.)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of fifty fifteen percent (5015%) of all SUBLICENSE INCOME received by COMPANY or AFFILIATES, excluding running royalties on NET SALES of SUBLICENSEES (which are payable pursuant to clause (c) above). Such amount shall be payable for each REPORTING PERIOD and shall be due to M.I.T. within sixty ninety (6090) days of the end of each REPORTING PERIOD.
Appears in 1 contract
Samples: Exclusive Patent License Agreement (Arch Therapeutics, Inc.)
