Common use of Issue Fee Clause in Contracts

Issue Fee. In partial consideration of the rights and licenses granted to Licensee under this Agreement, upon the earlier of (a) [*], and (b) [*], Licensee will pay to Penn a one-time, non-refundable payment of Two Million Five Hundred Thousand US Dollars ($2,500,000). Such payment will be made by wire transfer of immediately available funds into the account specified in Section 4.5.

Issue Fee. In partial consideration of the rights and licenses granted to Licensee under this Agreement, upon the earlier of (a) within [*], and (b) [*]*] following the Effective Date, Licensee will shall pay to Penn a one-time, non-refundable payment and non-creditable license issue fee of Two Seven Million Five Hundred Thousand US Dollars ($2,500,0007,000,000). Such payment will be made by wire transfer of immediately available funds into the account specified in Section 4.5.