Common use of Additional Non-Oncology Study Initiation Payments Clause in Contracts

Additional Non-Oncology Study Initiation Payments. In addition to any other payment obligation under the Agreement, (a) if Study Initiation of the Phase II Clinical Trial in the PKD Field has not occurred by September 30, 2013, then Licensee shall pay Symphony both (1) an additional non-refundable payment of *** on or before September 30, 2013 and (2) an additional non-refundable payment of *** on or before December 31, 2013; (b) if Study Initiation of the Phase II Clinical Trial in the PKD Field occurs during the period commencing on July 1, 2014 and ending on September 30, 2014, then Licensee shall pay Symphony an additional non-refundable payment of *** on or before September 30, 2014; and (c) if Study Initiation of the Phase II Clinical Trial in the PKD Field has not occurred by September 30, 2014, then Licensee shall pay Symphony both (1) an additional non-refundable payment of *** on or before September 30, 2014 and (2) an additional non-refundable payment of *** on or before December 31, 2014.”