Common use of Success Fee Clause in Contracts

Success Fee. 6.1 In the event that Licensee becomes subject to a Liquidation Event or Initial Public Offering (as defined in Exhibit E), Licensee shall pay Licensor a Success Fee at a Success Fee Rate of 0.95%, which shall be calculated in accordance to Exhibit E. Success Fee shall be paid to the Licensor, each time the License Agreement is assigned to another qualifying entity for the duration of this Agreement.

Success Fee. 6.1 In the event that Licensee becomes subject to a Liquidation Event or Initial Public Offering (as defined in Exhibit E)Offering, Licensee shall pay Licensor a Success Fee at a Success Fee Rate of 0.95%Fee, which shall be calculated in accordance to Exhibit E. Success Fee shall be paid to the Licensor, each time the License Agreement is assigned to another qualifying entity for the duration of this Agreement.

Success Fee. 6.1 In the event that Licensee becomes subject to a Liquidation Event or Initial Public Offering (as defined in Exhibit E)Offering, Licensee shall pay Licensor a Success Fee at a Success Fee Rate of 0.95%, which shall be calculated in accordance to Exhibit E. Success Fee shall be paid to the Licensor, each time the License Agreement is assigned to another qualifying entity for the duration of this Agreement.

Success Fee. 6.1 In the event that Licensee becomes subject to a Liquidation Event or Initial Public Offering (as defined in Exhibit E), Licensee shall pay Licensor a Success Fee at a Success Fee Rate of 0.95%, which shall be calculated in accordance to Exhibit E. Success Fee shall be paid to the Licensor, each time the License Agreement is assigned to another qualifying entity for the duration of this Agreement.E.