Upfront License Payment. In partial consideration for the rights granted to Licensee under this Agreement, Licensee shall pay to BioGenerics a one-time, non-refundable, non-creditable payment of Ten Million Dollars ($10,000,000) within one (1) day after the Effective Date by wire transfer of immediately available funds into an account designated in writing by BioGenerics.
Upfront License Payment. Hospira shall pay to Pfenex a one-time upfront license payment in an aggregate amount equal to Fifty One Million Dollars ($51,000,000), such amount to be paid on or before the fifth (5th) Business Day after the Effective Date.
Upfront License Payment. Within *** days after the Effective Date, Pfizer shall pay to MacroGenics the non-creditable, non-refundable amount of Five Million Dollars ($5,000,000) (the “Up-Front Payment”).
Upfront License Payment. Upon the Effective Date, the Purchaser shall pay to the Company a one-time upfront license payment of Five Million U.S. Dollars ($5,000,000) (the “Upfront License Payment”).
Upfront License Payment. On the Effective Date, as partial consideration for the grant of the Sublicense, Alliant shall pay to BioMarin Two Million Five Hundred Thousand Dollars ($2,500,000). Once paid, this amount is non-refundable and may not be credited against any amounts payable by Alliant under this Agreement.
Upfront License Payment. In consideration of the licenses and rights granted to the Licensee hereunder, Licensee shall (i) pay to Licensor a one-time, non-refundable, non-creditable upfront payment of US$[***], and (ii) issue an amount of voting common stock in PLUS, pursuant to a stock purchase agreement (the “Stock Purchase Agreement”; attached as Exhibit B) which the parties shall enter into upon the completion or satisfaction of the Upfront Payment Conditions (as defined below), equal to US$300,000, to be valued [***] (both (i) and (ii) are collectively the “Upfront License Payment”). Delivery of the Upfront License Payment to Licensor shall be made within fifteen (15) Calendar Days upon the completion or satisfaction of all obligations and conditions set forth in Section 7.2 (the “Upfront Payment Conditions”). In the event that all the Upfront Payment Conditions have not been met within sixty (60) Calendar Days of the Effective Date (the “Outside Date”), either Party may terminate this Agreement in accordance with the termination provisions set forth in Section 12.2 below.
Upfront License Payment. In partial consideration of Alvogen’s rights under this Agreement, Alvogen shall pay to Pfenex a one-time upfront license payment in the amount of Two Million Five Hundred Thousand Dollars ($2,500,000), such amount to be paid within 3 Business Days of the Effective Date. Such upfront license payment shall be non-refundable and non-creditable.
Upfront License Payment. Subject to the terms and conditions of this Agreement, ABARIS shall pay PARI a license fee in the amount of [*] within five (5) business days after the Effective Date of this Agreement.
Upfront License Payment. Within [***] after the later of (a) the Effective Date and (b) receipt from Dermavant of an appropriate invoice and all completed tax documents to file with tax authorities in Japan in order to reduce Dermavant’s liability (“Tax Documents”) for the amount payable to Dermavant under this Section 5.1, Licensee shall pay to Dermavant a non-refundable, non-creditable upfront payment in the amount of Sixty Million Dollars ($60,000,000) (the “Upfront Payment”). Without limiting the foregoing, Licensee shall initiate a wire transfer in the full amount of the Upfront Payment to Dermavant within [***] following the later of (i) the Effective Date and (ii) receipt from Dermavant of an appropriate invoice and Tax Documents for the amount payable to Dermavant under this Section 5.1, and shall provide notice to Dermavant immediately following the initiation of such transfer.
Upfront License Payment. Within ten (10) Business Days after the Effective Date, Terumo shall pay to OBIO three million U.S. dollars ($3,000,000) (“Upfront License Payment”) in consideration for the acquisition of the distribution rights and licenses granted hereunder; provided, however, that the Upfront License Payment will be deemed to have been made in time if Terumo has instructed the paying bank to make such payment to OBIO not later than three (3) Business Days before the above said deadline and such payment is completed within three (3) Business Days after the above said deadline.
