Adding a Collaboration Target Sample Clauses

Adding a Collaboration Target. Provided that Biogen Idec has complied with its diligence obligations under Section 2.1.1(c) and Section 5.1.2, at any time during the Research Term after Biogen Idec has made the applicable payment under Section 6.2.2 with respect to a Biogen Idec Alternate Modality Target, Biogen Idec may elect to add such Biogen Idec Alternate Modality Target as a Collaboration Target upon written notice to Isis. Thereafter, (i) Biogen Idec will pay Isis the milestone payment under Section 6.2.1, such payment to be made within [***] days after Biogen Idec’s notice under this Section 3.2.4.1, (ii) Isis will prepare and submit to the Neurology JRC an ASO Development Candidate Identification Plan for such Collaboration Target within [***] days after receipt of Biogen Idec’s notice pursuant to this Section 3.2.4.1, which plan will be agreed upon as provided in Section 1.10.1(a) and the Parties will seek to discover and develop a Development Candidate for such target pursuant to such plan and the provisions of this Agreement (including, for the avoidance of doubt, the provisions of ARTICLE 6), (iii) Section 2.1.1(c) will not apply with respect to any activities conducted by Isis pursuant to a Neurology Plan with respect to such target and (iv) Biogen Idec may continue Developing, Manufacturing and Commercializing a Biogen Idec Alternate Modality Product for the applicable Biogen Idec Alternate Modality Target in accordance with the terms of this Agreement (including, for the avoidance of doubt, the provisions of ARTICLE 6).

Adding a Collaboration Target. BMS shall have the right to designate any Reserved Target as a New Target. In the case where BMS desires to designate a Target as a New Target where such Target has not previously been designated as a Reserved Target, BMS shall follow the Excluded Target process set forth in Section 3.4, where the process is applied to such new proposed Target. For clarity, BMS may designate any Reserved Target as a Collaboration Target by providing written notice to the JSC without following the Excluded Target process set forth in Section 3.4 (since such process has already been conducted for such Reserved Target as set forth in subsection (b) above). For the avoidance of doubt, the maximum number of Collaboration Targets designated under this Agreement shall be ten (10) and BMS shall not have the right to designate any additional Targets as Collaboration Targets where such designation would lead to the maximum number of ten (10) Collaboration Targets being exceeded; provided, however, no [**] shall count towards the total and maximum of [**] Collaboration Targets, but shall be counted instead of the [**] only. By way of illustration and not limitation, if [**] New Targets have been designated by BMS as Collaboration Targets so there are a total of [**] Collaboration Targets, and the [**] New Target designated by BMS as a Collaboration Target (i.e., the [**] Collaboration Target) is replaced by a Replacement Target, such Replacement Target shall not count as the [**] Collaboration Target but will instead be considered the [**] New Target designated by BMS (i.e., the [**] Collaboration Target) for purposes of determining the total and maximum of [**] Collaboration Targets.