Common use of Upfront or Milestone Payments Clause in Contracts

Upfront or Milestone Payments. If any Independent Third Party ----------------------------- shall make upfront or milestone payments (e.g., for NDA filing, approvals, etc.) to Newco, then [*] of the Net Proceeds from such upfront or milestone payments shall be retained by Newco, and Newco shall pay to each of Elan and TGEN, in proportion to their respective ownership interests in Newco, royalties in the amount of the remaining [*] of such Net Proceeds.

Upfront or Milestone Payments. If any Independent Third Party ----------------------------- ---------- ------------------ shall make upfront or milestone payments (e.g., for NDA filing, approvals, etc.) to NewcoNewco with respect to Products based upon proprietary Genes of such third party, then [*] of the Net Proceeds from such upfront or milestone payments shall be retained by Newco, and Newco shall pay to each of Elan and TGEN, TGEN the remaining [*] of such Net Proceeds in proportion to their respective ownership interests in Newco, royalties in the amount of the remaining [*] of such Net Proceeds.

Upfront or Milestone Payments. If any Independent Third ----------------------------- Party ----------------------------- shall make upfront or milestone payments (e.g., for NDA filing, approvals, etc.) to NewcoNewco with respect to Products based upon proprietary Genes of such third party, then [*] of the Net Proceeds from such upfront or milestone payments shall be retained by Newco, and Newco shall pay to each of Elan and TGEN, TGEN the remaining [*] of such Net Proceeds in proportion to their respective ownership interests in Newco, royalties in the amount of the remaining [*] of such Net Proceeds.

Upfront or Milestone Payments. If any Independent Third ----------------------------- Party ----------------------------- shall make upfront or milestone payments (e.g., for NDA filing, approvals, etc.) to Newco, then [*] of the Net Proceeds from such upfront or milestone payments shall be retained by Newco, and Newco shall pay to each of Elan * Confidential Treatment Requested and TGEN, in proportion to their respective ownership interests in Newco, royalties in the amount of the remaining [*] of such Net Proceeds.