Common use of Initial Licensing Fee Clause in Contracts

Initial Licensing Fee. In addition to all other amounts due from --------------------- Licensee to Licensor under this Agreement and notwithstanding any termination of this Agreement. Licensee shall pay to Licensor the sum of Seventy-Five Thousand Dollars ($75,000.00) payable as follows: Twenty-Five Thousand Dollars ($25,000.00) upon execution and delivery of this Agreement by Licensee, Twenty- Five Thousand Dollars ($25,000.00)on or before December 31, 1995; and the balance on or before December 31, 1996. Any payment due to Licensor under this Section 5 shall be made to Licensor notwithstanding any assignment by Licensor of any or all of its rights under this Agreement, unless Licensor provides explicit written instructions to Licensee directing such payments under this Section 5 to be made to another person or entity.