Common use of Additional Milestone Payments Clause in Contracts

Additional Milestone Payments. Santarus shall make the following one-time payments to the University for the first time each of the following Net Sales milestones for *** Licensed Products is achieved in a calendar year: (c) Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission. (e) For the avoidance of doubt, in no event shall Santarus be required to make more than one payment pursuant to each of a, b, c, d and e of this Section 4.3.

Appears in 2 contracts

Sources: Exclusive License Agreement (Santarus Inc), Exclusive License Agreement (Santarus Inc)