Upfront Payments

Example Definitions of "Upfront Payments"
Upfront Payments. In consideration of the licenses granted herein, LIRUM shall pay IGF: (i) $250,000 upon the earlier of an Equity Financing totaling at least $10,000,000 or within nine (9) months of the Effective Date; and (ii) (a) an additional $250,000 due upon the earlier of an Equity Financing totaling at least $10,000,000 or within twelve (12) months of the Effective Date, and (b) an additional $538,692, upon the earlier of an Equity Financing totaling at least $10,000,000 or within eighteen (18) months of... the Effective Date, which may be prepaid without penalty; and (iii) $500,000 upon the earlier of an Equity Financing totaling at least $10,000,000 or no later than eighteen (18) months from the Effective Date." View More Arrow
Found in Lirum Therapeutics, Inc. contract
Upfront Payments. In consideration of the licenses granted herein, LIRUM shall pay IGF: (i) $250,000 upon the earlier of an Equity Financing totaling at least $10,000,000 or within nine (9) months of the Effective Date; and (ii) (a) an additional $250,000 due upon the earlier earlier. of an Equity Financing totaling at least $10,000,000 or within twelve (12) months of the Effective Date, and (b) an additional $538,692, $500,000, upon the earlier of an Equity Financing totaling at least $10,000,000 or within... eighteen (18) months of the Effective Date, which may be prepaid without penalty; and (iii) $500,000 $580,378 upon the earlier of an Equity Financing totaling at least $10,000,000 or no later than eighteen (18) twenty-four (24) months from the Effective Date." Date which may be prepaid without penalty." 3. Survival. To the extent not expressly amended or waived herein, the Parties hereto acknowledge and agree that the Agreement remains unchanged and in full force and effect in its entirety, which such terms are hereby ratified and confirmed. View More Arrow
Found in Lirum Therapeutics, Inc. contract
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Upfront Payments. In consideration of the licenses granted herein, LIRUM shall pay IGF: (i) $180,378 upon the execution of this Third Amendment; (ii) $200,000 plus daily compounded interest of 15% from January 12, 2024, upon the earlier of Equity Financing totaling at least $10,000,000 or April 30, 2024; and (iii) $200,000 plus daily compounded interest of 15% from January 12, 2024, upon the earlier of Equity Financing totaling at least $10,000,000 or July 31, 2024.
Found in Lirum Therapeutics, Inc. contract
All Definitions