Development Milestone Payments. Apollomics shall pay to [[GlycoMimetics:Organization]] the one-time, non-refundable, non-creditable payments set forth in the table below within thirty (30) days of the first achievement by a Licensed Product of the applicable milestone event, whether by or on behalf of Apollomics, its Affiliate, or their respective sublicensees. For purposes of clarity, each milestone payment shall be payable only one time for a specific Licensed Compound in a Licensed Product for each Indication (i.e., a milestone payment shall be payable only one time, if only the formulation changes but the Indication is the same). For purposes of this Section 8.2, different formulations of the same Licensed Compound will be considered the same License Product.
Development Milestone Payments. With respect to # the Collaboration Target, and # each Kinase Target to which an Other Biogen Idec Product is directed (a “Milestone Target”), Biogen Idec shall pay to Sunesis on a Target-by-Target basis the following amounts within thirty (30) days following the first achievement by Biogen Idec, its Affiliates or Sublicensees, as the case may be, of each of the following milestones with respect to # the Collaboration Compound, or # a Product or Other Biogen Idec Product (excluding for purposes hereof any Non-Kinase Other Biogen Idec Product) incorporating the Collaboration Compound (a “Milestone Compound”):
Development Milestone Payments. [[Savara:Organization]] shall notify [[Grifols:Organization]] within thirty (30) days of the achievement of the following milestone events (each a “Milestone Event”) and shall make each of the following milestone payments (each, a “Milestone Payment”) to [[Grifols:Organization]] upon the achievement of each Milestone Event in connection with the Development of a Licensed Product for the Initial Indication. [[Savara:Organization]] shall pay to [[Grifols:Organization]] each such amount within sixty (60) days after [[Savara:Organization]] receives a properly documented invoice from [[Grifols:Organization]] in connection with the achievement of the applicable Milestone Event. For clarity, each of the following Milestone Payments are one-time only payments and each Milestone Payment shall be made once upon the first occurrence of the applicable Milestone Event, regardless of the number of Licensed Products that achieve such Milestone Event.
Development Milestone Payments. Verrica shall notify Lytix within days after the first achievement by Verrica, its Affiliates, or Sublicensees of the following development milestone events. Verrica shall make the corresponding milestone payment concurrently with such notice.
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]:
Licensee will provide Relay with written notice of achievement of any Development/Commercial Milestone, Opt-In Development/Commercial Milestone or Back-Up Development/Commercial Milestone within after Licensee’s confirmation of the achievement thereof and will make the corresponding payment of the Development/Commercial Milestone Payment, Opt-In Development/Commercial Milestone Payment or Back-Up Development/Commercial Milestone Payment, as applicable, within after receipt of an invoice from Relay for the corresponding payment.
“Milestone Payment” means a Development Milestone Payment, Preclinical Milestone Payment, Milestone Payment or Sales Milestone Payment.
Upfront Payment and Development Milestone Payments. With respect to the Upfront Payment and Development Milestones Payments payable by Zai to TPTX, Zai shall # pay Withholding Income Taxes on such payments on behalf of TPTX to the appropriate Governmental Authority in the ; # furnish TPTX with proof of payment of such Withholding Income Taxes within Business Days following such payment; and # . Zai will promptly provide to TPTX applicable receipts evidencing payment of such Withholding Incomes Taxes and other documentation reasonably requested by TPTX. Upon TPTX’s request, Zai shall provide reasonable assistance to TPTX for TPTX to recover any such Withholding Income Taxes. .
If any Development Milestone occurs before a previous Development Milestone occurs, then any Development Milestone that has not yet been paid for achievement of any previous Development Milestone shall become due upon the achievement of the subsequent Development Milestone and payable together with the payment due upon achievement of such subsequent Development Milestone. For clarity, the achievement of a Development Milestone related to will not result in the payment of any other Development Milestone related to .
As additional consideration for the License, Licensee will pay Penn the milestone payments (each, a “Development Milestone Payment” or a “Sales Milestone Payment” as applicable and any Development Milestone Payment or Sales Milestone Payment, a “Milestone Payment”) provided in Exhibit C attached hereto upon each Product to achieve the corresponding milestone (each, a “Development Milestone” or a “Sales Milestone”, as applicable and any Development Milestone or Sales Milestone, a “Milestone”), whether achieved by Licensee or an Affiliate or Sublicensee. Licensee shall promptly notify Penn in writing of the achievement of any such Milestone and Licensee shall pay Penn in full the corresponding Milestone Payment within of such achievement. For clarity, each Milestone Payment is .
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