Compass Array Library Sample Clauses

Compass Array Library. Within ten (10) business days of the Effective Date, ArQule will supply SB with one (1) copy of the Compass Array Library in accordance with the specifications set forth in Schedule A attached hereto. During the Screening Phase, SB will screen the ArQule Compounds within the Compass Array Library against Anti-Infective Targets using efforts consistent with its normal scientific and business practices. In addition, SB may also screen the Compass Array Library against Anti-Fungal Targets and other Targets as set forth in Subsection 4.1.6 below. SB shall periodically submit to ArQule a list containing the array plate number and well number of all Active Compounds by facsimile transmission followed by a confirmatory letter. ArQule will promptly determine whether the listed Active Compounds are Available Compounds and notify SB of such determination. If any Active Compound is not an Available Compound, ArQule shall not disclose the structure and SB shall have no rights under this Agreement with respect to that Active Compound; provided however, that ArQule shall promptly notify SB if such Active Compound later becomes an Available Compound. If an Active Compound is an Available Compound, ArQule shall reserve such Active Compound as an Available Compound to SB under this Agreement and, promptly thereafter, ArQule shall disclose to SB the structure of such Available Compound correlated to its well location. Upon request of SB, ArQule shall disclose which Mapping Array Library corresponds to any Active Compound whether or not such ArQule Compound is an Available Compound, including the Markush structure of the Mapping Array Library, as described in Schedule A.

Compass Array Library. ArQule will supply Sankyo with [*****]of the Compass Array Library corresponding to Mapping Array Libraries produced in [*****] within [*****] after the Effective Date and [*****] of the Compass Array Library corresponding to Mapping Array Libraries produced in[*****]. ArQule will not disclose the structures of ArQule Compounds in the Compass Array Library and Sankyo will have no obligation to disclose its Targets. Sankyo will promptly screen the Compass Array Library against its Targets. When ----------------------- Confidential materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote such omissions. Sankyo detects Active Compounds in the Compass Array Library, Sankyo will promptly inform ArQule through the Research Committee.

Compass Array Library. ArQule will supply Sankyo with one (1) copy of the portion of the Compass Array Library corresponding to Mapping Array Libraries produced in calendar year 2000 within two (2) weeks after the Effective Date and one (1) copy of the portion of the Compass Array Library corresponding to Mapping Array Libraries produced in calendar year 2001 by March 1, 2002. ArQule will not disclose the structures of ArQule Compounds in the Compass Array Library and Sankyo will have no obligation to disclose its Targets. Sankyo will promptly screen the Compass Array Library against its Targets. When Sankyo detects Active Compounds in the Compass Array Library, Sankyo will promptly inform ArQule through the Research Committee.

Compass Array Library. In partial consideration of the delivery of the Compass Array Library in accordance with Section 3.2, Solvay shall pay ArQule the amount of two hundred thousand dollars ($200,000), payable in four installments of $50,000 within thirty (30) days after Solvay receives each quarterly segment of such Compass Array Library.

Compass Array Library. In partial consideration of the delivery of the Compass Array Library in accordance with Section 3.2, Solvay shall pay ArQule the amount of [*****], payable in four installments of [*****] within thirty (30) days after Solvay receives each quarterly segment of such Compass Array Library.