Attendance of Advisors and Confidentiality. Each party may, in its sole discretion and at its sole expense, invite such technical, financial, legal or other advisors as it deems reasonable and appropriate to any JDC meeting, provided, however, such advisors may not take part in any vote of the JDC. All representatives of each party and their advisors shall be subject to the non-disclosure and non-use obligations upon the parties under this Agreement. (i) Costs of Participation in JDC. Each party shall bear its own costs of participation in the JDC. For greater certainty, QLT shall not be required to pay RGX for its time or expenses involved in the participation on the JDC. Notwithstanding anything else to the contrary in this Article 2, in the event of a Change of Control of RGX or RGX becomes insolvent, is unable to pay its debts as they mature, is the subject of a petition in bankruptcy, whether voluntary or involuntary, or of any other proceeding under bankruptcy, insolvency or similar laws, makes an assignment for the benefit of creditors, is named in, or its property is subject to a suit for the appointment of a receiver, or is dissolved or liquidated, then QLT may, at its sole option, elect to disband and discontinue the JDC upon written notice to RGX. In such event, notwithstanding other terms in this Agreement that describe the responsibilities, authority of or reporting obligations to the JDC, QLT shall have the sole decision-making authority with respect to the research and development of the Collaboration Products; provided, [***] of this Agreement and (ii) provide to RGX and UW no later than 60 days following the end of each calendar year, an annual written report of QLT’s collaboration results and activities for such calendar year with respect to the then-current R&D Plan. 3. Manufacturing, Regulatory and Commercialization 3.1 Commercialization. QLT shall have the sole discretion and responsibility with respect to the commercialization of the Collaboration Products for use in the Field in the Territory, including manufacturing, sales and marketing responsibilities. Without limiting the generality of the foregoing, QLT shall be solely responsible for all costs of, and decisions regarding, the marketing of the Collaboration Products, including, without limitation: (a) the design, sale, price and promotion of the Collaboration Products; and (b) post-market surveillance of approved drug indications, as required or agreed as part of a marketing approval by any governmental regulatory authori...
Attendance of Advisors and Confidentiality. Each party may, in its sole discretion and at its sole expense, invite such technical, financial, legal or other advisors as it deems reasonable and appropriate to any JDC meeting, provided, however, such advisors may not take part in any vote of the JDC. All representatives of each party and their advisors shall be subject to the non-disclosure and non-use obligations upon the parties under this Agreement.
