No Third Party Payments Sample Clauses

The No Third Party Payments clause prohibits either party from making payments to or receiving payments from any third party in connection with the agreement. This means that all financial transactions related to the contract must occur directly between the contracting parties, and not through intermediaries or unrelated entities. By enforcing this restriction, the clause helps prevent unauthorized payments, reduces the risk of fraud or corruption, and ensures transparency in the financial dealings under the agreement.
POPULAR SAMPLE Copied 1 times
No Third Party Payments. Other than as disclosed to Astellas in writing, to Ambit’s Knowledge, it does not owe to any Third Party any royalty or other payments based on the development or commercialization of Licensed Compounds or Products as licensed herein.
View SourceView Similar (4)
No Third Party Payments. Except as set forth herein, IMNET is not currently required nor will Licensee be required to pay any entity or third party any fees or License Fees or other compensation in order to utilize the Intellectual Property to manufacture MegaSAR 420, as currently designed.
View Source
No Third Party Payments. 13 9.7 Exception to Warranties and Representations for Generally A Technology................................................. 13 9.8. IMNET Indemnity as to Infringement......................... 13 341063.4 -ii-
View Source
No Third Party Payments. No payments made on the Loan were made directly or indirectly by any of the Seller, the stockholders, officers, directors, partners, employees or agents of Seller or by an assignor of the Loan or merchant who referred the Obligor(s) under the Loan. Neither Seller nor any such person or entity has made any agreement or reached any understanding with any Obligor(s) for any variation of the interest rate, schedules of payment or other terms and conditions of the Loan. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage or an Obligor on such Loan, directly or indirectly, for the payment of any amount required under such Loan. There is no obligation on the part of the Seller or any other party to make payments on account of the Loan which are in addition to those made by the Obligor(s).
View Source
No Third Party Payments. As between the Parties, Zaiming shall be fully and solely responsible for any and all payments to any Upstream Licensors of Zaiming under the Upstream Licenses of Zaiming applicable to the Zaiming Compound or the Zaiming ADC Platform Technology incorporated into any NextCure Compounds to the extent such Upstream Licenses of Zaiming exist as of the Effective Date, including Manufacturing costs, milestone payments and royalty payments payable thereof.
View Source

Related to No Third Party Payments

  • Third Party Payments (a) Subject to Section 6.4.4(c), the Applicable Commercialization Party shall be entitled to credit against the royalties due to the other Party on Net Sales of a Licensed Product in a country an amount equal to [**] percent ([**]%) of all upfront payments, milestone payments, royalties, and other amounts paid by the Applicable Commercialization Party, its Affiliates or Sublicensees to Third Parties with respect to license rights to Third Party intellectual property licensed by the Applicable Commercialization Party, its Affiliates or Sublicensees from the applicable Third Party that the Applicable Commercialization Party reasonably believes are necessary for the Development, Manufacture, or Commercialization of such Licensed Product in such country; provided, however, that, to the extent that any such Third Party license includes a license to Third Party intellectual property that is applicable to products being or to be developed or commercialized by the Applicable Commercialization Party or its Affiliates other than such Licensed Product in such country, then the Applicable Commercialization Party shall reasonably allocate all upfront payments, milestone payments and other non-royalty amounts between the Licensed Product and such other products, and the Applicable Commercialization Party shall only be entitled to credit against the royalties due to the other Party hereunder on Net Sales of such Licensed Product [**] percent ([**]%) of the amounts that are reasonably allocable to the Licensed Product. In addition, the Applicable Commercialization Party shall be entitled to credit against the royalties due to the other Party hereunder defense costs in accordance with Section 8.4. (b) In the event a Party enters into any Third Party intellectual property license necessary for the Development, Manufacture, or Commercialization of a Licensed Product in a country in the other Party’s part of the Territory after the Restatement Date (EPIZYME represents and warrants to EISAI that EPIZYME is not a party to any such relevant Third Party licenses as of the Restatement Date), under which such Party is entitled to grant a sublicense to the other Party, the other Party will have the right to obtain such sublicense from such sublicensor Party; provided that, if such other Party elects to obtain such sublicense, such other Party shall pay [**] percent ([**]%) of the amounts payable to the Third Party on account of such sublicense (either directly to the Third Party licensor or to the sublicensor Party, as the Parties shall reasonably agree with the goal of ensuring timely payment to the Third Party) and such other Party shall be entitled to credit against the royalties due to the sublicensor Party on Net Sales of such Licensed Product in such country in an amount equal to [**] percent ([**]%) of the amounts paid by such other Party (either directly or indirectly through the sublicensor Party) to such Third Party with respect to such license rights for such Licensed Product in such country. (c) If any amount is or becomes payable to UNC under the UNC License Agreement (or under any other agreement entered into by EPIZYME or any Affiliate and UNC with respect to the intellectual property that is the subject of the UNC License Agreement) with respect to the Development, Manufacture, or Commercialization of a Licensed Product in any country in the world, EPIZYME shall be solely responsible for and shall pay all such amounts, and no such amounts shall be creditable against any royalties payable to EISAI hereunder.

  • No Third Party Rights Except as expressly provided in this Agreement, this Agreement is intended solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any Person other than the parties hereto.