Payor, on behalf of Licensee, shall pay the License Fee in two equal payments of twenty-one million two hundred fifty thousand dollars (USD $21,250,000) (each, a “ Payment ”) to Licensor, which shall be made on March 1, (which represents the License Fee for the period of September through February of a fiscal year) and September 1 (which represents the License Fee for the period of March through August of the fiscal year) of each year during the Term, beginning March 1, 2018.  The Payment to be made on September 1, 2017 shall be in an amount of five million eight hundred twenty-one thousand nine hundred seventeen dollars and eighty-one cents (USD $5,821,917.81), as payment for Licensee’s license and use of the Licensed Marks for the period from the Effective Date of this Agreement through August 31, 2017.