Common use of Term of Payments Clause in Contracts

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.

Appears in 6 contracts

Samples: License Agreement (Crescendo Pharmaceuticals Corp), License Agreement (Crescendo Pharmaceuticals Corp), License Agreement (Alza Corp)

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Term of Payments. The obligation to make Product Payments hereunder shall continue until 15 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 15seven-year period.

Appears in 3 contracts

Samples: License Option Agreement (Allergan Specialty Therapeutics Inc), License Option Agreement (Allergan Inc), License Option Agreement (Allergan Specialty Therapeutics Inc)

Term of Payments. The obligation to make Product Payments payments hereunder shall continue until for 15 years after the date of the first commercial sale introduction of the Licensed Product in any Major Market Country, and shall terminate as to all countries at the end of such 15-year period.

Appears in 1 contract

Samples: License Agreement (Therapeutic Discovery Corp)

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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.

Appears in 1 contract

Samples: License Option Agreement (Crescendo Pharmaceuticals Corp)

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