Win State Payment

Example Definitions of "Win State Payment"
Win State Payment. Means the positive difference, if any between (A) the amount set forth on Schedule B hereto opposite the Win State Payment Milestone with the greatest value achieved as of the Trigger Date, less (B) the sum of (x) all payments previously made to Company Stockholders on Win State Payment Dates pursuant to this Agreement and (y) any commissions or other payments that are payable pursuant to agreements entered into by or on behalf of TomegaVax prior to the date hereof. For the avoidance... of doubt, in no event shall the aggregate Win State Payment payable pursuant to this Agreement exceed $30,000,000. View More
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