Minimum Royalty Payments. LJL agrees to pay the minimum royalty amounts set forth in EXHIBIT C attached hereto. Each minimum royalty payment is due and payable [*] after the anniversary of the Effective Date, and all royalties paid under Section 3.2 and 3.3 shall be fully creditable toward the minimum royalty amounts, on a rolling credit basis. [*].
Appears in 3 contracts
Sources: Development, License and Sales Agreement (LJL Biosystems Inc), Development, License and Sales Agreement (LJL Biosystems Inc), Development, License and Sales Agreement (LJL Biosystems Inc)