Common use of Term of Contingent Payment Obligations Clause in Contracts

Term of Contingent Payment Obligations. The Biovest Contingent Payments and the Sublicensee/Transferee Contingent Payments shall continue for so long as Biovest or its Affiliates, Sublicensees or Transferees, as applicable, manufacture, sell, commercialize, or license any Biovest Biologic Product, provided that the Biovest Contingent Payment and the Sublicensee/Transferee Contingent Payment shall terminate as to any Biovest Biologic Product that is the subject of a Full Product Sale as of the effective date of the Full Product Sale, subject to the payment to Company or its assigns of the Biovest Contingent Payment derived from such Full Product Sale, including any Biovest Contingent Payment with respect to any Gross Revenues received by Biovest or any of its Affiliates after the closing of such Full Product Sale.

Appears in 5 contracts

Samples: Contingent Payment Agreement (Biovest International Inc), Contingent Payment Agreement (Biovest International Inc), Contingent Payment Agreement (Biovest International Inc)

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Term of Contingent Payment Obligations. The Biovest Contingent Payments Payment and the Sublicensee/Transferee Contingent Payments Payment shall continue for so long as Biovest or its Affiliates, Sublicensees or Transferees, as applicable, manufacture, sell, commercialize, or license any Biovest Biologic Product, provided that the Biovest Contingent Payment and the Sublicensee/Transferee Contingent Payment shall terminate as to any Biovest Biologic Product that is the subject of a Full Product Sale as of the effective date of the Full Product Sale, subject to the payment to Company or its assigns of the Biovest Contingent Payment derived from such Full Product Sale, including any Biovest Contingent Payment with respect to any Gross Revenues received by Biovest or any of its Affiliates after the closing of such Full Product Sale.

Appears in 1 contract

Samples: Contingent Payment Agreement (Biovest International Inc)

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