Development and Regulatory Milestones. In partial consideration of the rights granted to Allena under Section 2.1, Allena shall pay to Althea, by wire transfer to an account designated by Althea, the applicable milestone payment listed below within thirty (30) days after the first achievement of each milestone event by the first Licensed Product Covered by a Valid Claim:
Development and Regulatory Milestones.Documentation Milestone. In partial consideration of the rights granted to Allena under Section 2.1, Allena shall pay to Althea, by wire transfer to an account designated by Althea, the applicable milestone payment listed below within thirty (30) days after the first achievement of eachthe milestone event by the first Licensed Product Covered by a Valid Claim:for which Allena, its Affiliates or Sublicensees referenced the Regulatory Documentation in the NDA for such Licensed Product:
Development and Regulatory(c) Net Sales Milestones. In partial consideration of the rights granted to Allena under Section 2.1, Allena shall pay to Althea, by wire transfer to an account designated by Althea, the applicable milestone payment listed below within thirty (30) days afterconcurrently with Allenas payment of royalties pursuant to Section 5.4 for the firstfinal Calendar Quarter of any Calendar Year during which the achievement of each milestonethe event by the firstset forth below occurs with respect to a Licensed Product Covered by a Valid Claim:
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