Up-Front Payment. In consideration of the license granted to MorphoSys under Sec. 4.1, MorphoSys shall pay Xencor a one-time upfront payment of thirteen million dollars ($13,000,000), due upon execution of this Agreement and payable […***…] of the Effective Date. Such amount shall be non-refundable and shall not be creditable against any other amount due hereunder.
Appears in 6 contracts
Sources: Collaboration and License Agreement (Xencor Inc), Collaboration and License Agreement (MorphoSys AG), Collaboration and License Agreement (MorphoSys AG)