Common use of Adjustment of Development Phase Milestones Clause in Contracts

Adjustment of Development Phase Milestones. If at any time during the Development Phase MMD determines and is able to demonstrate to TKT's reasonable satisfaction that ***** *************************************************************** ********************************************************** ***************************************************************** ************************************************************* ************************************************************ ***************************************************************** ******************************************************** *************************************************************** *****************************************************, then the Chief Executive Officer of each of MMD and TKT, or their respective designees, shall determine on what terms the Research Phase shall be reinitiated and how the milestones described in Appendix A are to be adjusted.

Adjustment of Development Phase Milestones. If at any time during the Development Phase MMD determines and is able to demonstrate to TKT's reasonable satisfaction that ***** *************************************************************** ********************************************************** ***************************************************************** ************************************************************* *********************************************************** ****************************************************** ***************************************************************** **************************************************************** *************************************************************** *****************************************************, * then the Chief Executive Officer of each of MMD and TKT, or their respective designees, shall determine on what terms the Research Phase shall be reinitiated and how the milestones described in Appendix A are to be adjusted.