Term of Payments. The term of a Monthly Purchase option must end before the Academic Year the Beneficiary is projected to Matriculate.
Term of Payments. The obligation to make Product Payments hereunder shall continue until 15 years after the date of the first commercial sale of the Licensed Product in any Major Market Country, and shall terminate as to all countries at the end of such 15-year period.
Term of Payments. The obligation to make Product Payments hereunder shall continue until seven years after the date of the first commercial sale of the Licensed Product in any Major Market Country, and shall terminate as to all countries at the end of such seven-year period.
Term of Payments. Unless this Agreement provides for a different timeframe for specific payments, a Party will make the appropriate payment to the settlement account of the other Party within ** Business Days upon receipt of the relevant request from the other Party.
Term of Payments. A. Royalties due under Article VI and minimum payments due under Article VII shall be payable as long as the Warx xxplication or any division, continuation, reissue or extension which is the subject of the LICENSED PATENTS, remains pending in the appropriate countries wherein the royalty was incurred. Upon said application's issuance as a patent, the royalty shall be payable for the term of the patent.
B. In the event that the patent lapses or if all of its claims are declared invalid by a court of competent jurisdiction through no fault or cause of Enzo, the obligation to pay the patent royalty for that patent shall terminate but the Agreement shall remain in effect as to the remaining applications or patents. In the event that the patent lapses, terminates or all of its claims are declared invalid through fault or cause by Enzo then as to Enzo its obligations under this agreement remain in effect and Yale does not waive rights to sue xxr any wrongful acts of Enzo.
Term of Payments. Following expiry of the Royalty Payment Term in respect of any country (a) the licenses granted to Dicerna with respect to such country become fully paid-up, sublicensable, royalty-free, exclusive (subject to Section 2.1(b)), transferable, perpetual and irrevocable licenses continuing indefinitely and (b) the obligation of Dicerna to pay any Royalties with respect to sales of Products in such country terminates.
Term of Payments. The obligation of the Village to reimburse RARE shall be fifty (50%) percent (“RARE’s Share”) of the Sales Tax Revenue commencing upon the Commencement Date and continuing until the Village has reimbursed RARE (i) for a period of ten (10) years, plus such additional period of time thereafter as is necessary in order for the Village to receive all of the Sales Tax Revenue from business transactions occurring from the Oswego LongHorn’s Property during said ten (10) year period, or (ii) RARE has been paid the aggregate amount of One Hundred Eighty Thousand ($180,000.00) Dollars (the “Rebate Cap”), which ever shall first occur (the “Maturity Date”). “Year” shall mean the period beginning on the Commencement Date and each anniversary thereof and continuing for a period of twelve months.
Term of Payments. Subject to Section 3.5, commencing on the date of ---------------- this Agreement, the Company shall make the Contract Payment specified in Section 3.1 for each Fiscal Quarter for a period of twenty-five years (the "Term"), provided that the Company's obligation to make such Contract Payments shall terminate in the event the Inventor (i) after 30 days notice from the Company of a default in the performance of or compliance with Sections 1.1 and 1.2 of the Assignment Agreement and the failure by the Inventor to cure the default within such 30 day period, (ii) engages in the same or similar type of business as the Company or engages in a thermoelectric business competitive with the Company or (iii) contests the validity or enforceability of the assignment of the Technology under the Assignment Agreement except in connection with the Inventor's reversionary rights under the Assignment Agreement upon the liquidation or winding up of the Company.
Term of Payments. The obligation to make payments under this Agreement in respect of any Product in any country shall continue with respect to Net Sales made and Other Income received through December 31, 2005.
Term of Payments. The amount of payments for this Amendment to the Agreement is reduced by
