Common use of Status of Payments Clause in Contracts

Status of Payments. All initial payments, milestones and other amounts payable by Sankyo under this Agreement will be non-refundable and non-creditable against future royalty or milestone obligations. [ * ] [*] Confidential information omitted and filed separately with the Commission. 17 CONFIDENTIAL

Status of Payments. All initial payments, milestones and other amounts payable by Sankyo under this Agreement will be non-refundable and non-creditable against future royalty or milestone obligations. Notwithstanding the above, [ * ] [*] Confidential information omitted and filed separately with the Commission. 17 CONFIDENTIAL].