Timing of Royalty Payments. Royalty payments due under Section 4.7, above, shall be paid annually within sixty (60) days following the end of each License Year until the first License Year in which aggregate Royalties under Section 4.7.1 (and without regard to Section 4.7.2) reach US $1 million. Thereafter, all royalty payments due under Section 4.7 shall be paid in quarterly installments, within sixty (60) days following the end of each calendar quarter.
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Samples: Exclusive License Agreement (Scopus BioPharma Inc.), Conditional Stock Purchase Agreement (Scopus BioPharma Inc.), Exclusive License Agreement (Scopus BioPharma Inc.)
Timing of Royalty Payments. Royalty payments due under Section 4.74.5 and/or 4.6, above, shall be paid annually within sixty (60) days following the end of each License Year until the first License Year in which aggregate Royalties under Section 4.7.1 (4.5 and without regard to Section 4.7.2) 4.6 combined reach US $1 0.5 million. Thereafter, all royalty payments due under Section 4.7 4.5 and/or 4.6 shall be paid in quarterly Quarterly installments, within sixty (60) days following the end of each calendar quarterQuarter.
Appears in 1 contract
Samples: Exclusive License Agreement (Radiopharm Theranostics LTD)
Timing of Royalty Payments. Royalty payments due under Section 4.70, above, shall be paid annually within sixty (60) days following the end of each License Year until the first License Year in which aggregate Royalties under Section 4.7.1 (and without regard to Section 4.7.2) 4.5.1 reach US $1 million. Thereafter, all royalty payments due under Section 4.7 0 shall be paid in quarterly installments, within sixty (60) days following the end of each calendar quarter.
Appears in 1 contract
Samples: Exclusive License Agreement (Radiopharm Theranostics LTD)
Timing of Royalty Payments. Royalty payments due under Section 4.74.5, above, shall be paid annually within sixty (60) days following the end of each License Year until the first License Year in which aggregate Royalties under Section 4.7.1 (and without regard to Section 4.7.2) 4.5.1 reach US $1 million. Thereafter, all royalty payments due under Section 4.7 4.5 shall be paid in quarterly installments, within sixty (60) days following the end of each calendar quarter.
Appears in 1 contract
Samples: Exclusive License Agreement (Radiopharm Theranostics LTD)
Timing of Royalty Payments. Royalty payments due under Section 4.74.5, above, shall be paid annually within sixty (60) days following the end of each License Year until the first License Year in which aggregate Royalties under Section 4.7.1 (and without regard to Section 4.7.2) annual Net Sales reach US $1 million[***]. Thereafter, all royalty payments due under Section 4.7 4.5 shall be paid in quarterly installments, within sixty (60) days following the end of each calendar quarter.
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