Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of [***] 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 [***] of the end of each REPORTING PERIOD.
Appears in 2 contracts
Samples: Patent License Agreement (Mevion Medical Systems, Inc.), Patent License Agreement (Mevion Medical Systems, Inc.)
Sharing of SUBLICENSE INCOME. COMPANY shall pay M.I.T. a total of [**] percent ([*] *]%) 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 [***] 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. (i) Subject to Section 4.1(g)(ii), COMPANY shall pay M.I.T. a total of [**] percent ([*] *]%) 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 [***] of the end of each REPORTING PERIOD. By way of example, [**].
Appears in 1 contract
Samples: Exclusive Patent License Agreement (Translate Bio, Inc.)
