Research Commitment

Research Commitment. Shall mean Company's obligations under Section 3.4 of each of the License Agreements to fund scientific research in the laboratory of the Cornell Inventors (as defined in the License Agreement) at WCM to investigate further and potentially enhance the intellectual property licensed to Company pursuant to the License Agreements, all pursuant to this Agreement and one or more other RCAs (as defined in the License Agreements), for an aggregate funding amount of at least Three Million Dollars... ($3,000,000) for each rolling three (3) calendar year period [***], provided that in no single calendar year of such rolling three (3) calendar year period will the aggregate funding amount [***] be less than One Million Dollars ($1,000,000). View More