Minimum Performance. If, after the sixth anniversary of the initial capitalization of CS1RIS, payments due to CWRU under Article VI fall below Fifty Thousand Dollars ($50,000) per year, the License granted by this Agreement shall be terminated unless OSIRIS pays CWRU the difference between the amount due and Fifty Thousand Dollars ($50,000), unless extended by mutual agreement.
Appears in 2 contracts
Sources: Technology Transfer and License Agreement, Technology Transfer and License Agreement (Osiris Therapeutics, Inc.)