Development Milestone Payments. In further consideration for the exclusive rights and licenses granted by Licensor to Licensee hereunder for the China Territory, Licensee shall pay to Licensor the milestone payment set out below following the first achievement by Licensee, and/or any of its Affiliates or Sublicensees with respect to the China Territory, of the corresponding milestone event set out below with respect to the Product, in accordance with this [Article 6.9.2] and the payment provisions in Article 7:
Development Milestone Payments. In further consideration for the exclusive rights and licenses granted by Licensor to Licensee hereunder, Licensee shall pay to Licensor the milestone payments set out below following the first achievement by Licensee, and/or any of its Affiliates or Sublicensees, of the corresponding milestone events set out below with respect to the Product, in accordance with this Article 6.2 and the payment provisions in [Article 7]:
Territory, Licensee shall pay to Licensor the milestone payments set out below following the first time that the Annual Royalty Bearing Net Sales of the Product in the China Territory reach the following thresholds, in accordance with this [Article 6.9.2] and the payment provisions in Article 7 (“China Territory Sales Milestones”):
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