Milestone Events. Alexion shall provide written notice to Xencor within ten business days following the first occurrence of each of the milestone events set forth below with respect to a Product (in the case of Section 5.5.1(i)) or Licensed Product (whether such milestone is achieved by Alexion or any Affiliate or Sublicensee) for which a milestone payment is or may be due hereunder ([…***…]). Subject to Section 5.5.3 below, within thirty days after the provision of such notice by Alexion, Alexion shall pay to Xencor the corresponding non-refundable, non-creditable milestone payment set forth below: (i) […***…] US$ […***…] (ii) […***…] US$ […***…] (iii) […***…] US$ […***…] (iv) […***…] US$ […***…] (v) […***…] US$ […***…] (vi) […***…] US$ […***…] (vii) […***…] US$ […***…] (viii) […***…] US$ […***…] (ix) […***…] US$ […***…] (x) […***…] US$ […***…] (xi) […***…] US$ […***…]
Appears in 3 contracts
Sources: Option and License Agreement (Xencor Inc), Option and License Agreement (Xencor Inc), Option and License Agreement (Xencor Inc)