Sublicense Milestone Payments. Viking shall pay Metabasis a one-time, non-refundable milestone payment of Two Million Five Hundred Thousand Dollars ($2,500,000) upon the occurrence of a First Commercial Sale of an FBPase Compound by a Sublicensee (which, for clarity, shall not include a Sublicense to a contract manufacturer in connection with Commercialization). Viking shall promptly, but in no event later than [***] following the achievement of the milestone event set forth in this Section B, notify Ligand in writing of the achievement of such milestone event and shall pay the milestone payment within [***] thereafter.
Sublicense Milestone Payments. Spectrum or its Affiliates, as applicable, shall pay to Altair a non-refundable, non-creditable payment of *** of all Sublicense Milestone Payments; provided that, in the event that any Sublicense Milestone Payments are due and owing on account of the attainment of a sublicense milestone event that is the same as any of those set forth in Section 6.1, then the amount of such Sublicense Milestone Payment to Altair hereunder shall be *** of the difference between the milestone amount under Section 6.1 and the Sublicense Milestone Payment for the same event under the provisions of the sublease. Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Sublicense Milestone Payments. In the event IGI grants a third party a sublicense to make, have made, use and sell Licensed Products in the Field using the Licensed Technology covered by a Licensed Patent Right, IGI shall subject to its right to reimbursement under Section 4.6 of this Agreement pay to HOLICK and/or A&D, as the case may be relative to the Licensed Xxxxxology at issue, 50% of the gross amount of any Milestone Payments received by IGI from a third party as consideration for the sublicense rights granted to such third party under a Sublicense Agreement, less (i) 50% of any and all transactional fees and expenses incurred by IGI relating thereto, including attorney fees, brokerage commissions, finder fees, bonuses and awards to IGI personnel responsible for consummation of the transaction, accounting fees, filing fees, search fees and other professional service fees; (ii) any and all taxes; (iii) any and all liabilities and other obligations assumed by IGI under the terms of the agreement granting the sublicense; (iv) any and all amounts paid by IGI to HOLICK under Section 3.1 of this Agreement as of the date of txx Xxxestone Payment at issue which have not already been otherwise recovered by IGI under this Agreement as of such date; (v) any and all amounts equal to the value of the unexercised options received by HOLICK under Section 3.2 of this Agreement as of the date of txx Xxxestone Payment at issue which has not already been otherwise recovered by IGI under this Agreement as of such date; (vi) any and all costs, fees and other expenses made, paid, assumed or incurred by IGI under Sections 5.1 and/or 5.2 or any other provision of this Agreement as of the date of the Milestone Payment at issue which has not already been otherwise recovered by IGI under this Agreement as of such date; and (vii) any and all amounts of the Milestone Payment received by IGI as consideration for or otherwise attributed to any and all tangible or intangible property, assets, goods, intellectual property or other rights of any kind acquired, licensed, assigned, leased, sold or otherwise transferred by IGI to the third party as part of or incident to the transaction and/or agreement that granted the sublicense rights at issue.
