Common use of Coordination; Semi-Annual Reports Clause in Contracts

Coordination; Semi-Annual Reports. (a) GSK shall coordinate through the Joint Steering Committee the Commercialization of Collaboration Products in the ROW with the Commercialization of Collaboration Products in the United States with the objective of coordination of global product positioning and sharing of best practices and strategies. (b) GSK shall provide the Joint Steering Committee reports semi-annually. Such reports shall set forth in summary form the results of GSK's Commercialization activities performed during such semi-annual period. (c) No later than ** of each Calendar Year, GSK shall provide to Adolor in writing a good faith estimate of the projected Net Sales by Calendar Quarter on a Country-by-Country basis for the Major Market Countries, and a summary for the remainder of the ROW, of each Collaboration Product for at least ** (**) full Calendar Years after the anticipated First Commercial Sale of such Collaboration Product (the "ROW Net Sales Forecast"). GSK shall update each ROW Net Sales Forecast on a semi-annual basis. For the POI Product in the ROW, the first ROW Net Sales Forecast shall be furnished to Adolor within one hundred twenty (120) days after the Effective Date. For each Collaboration Product (other than the POI Product) in the ROW, the first ROW Net Sales Forecast shall be furnished to Adolor at least ** (**) full Calendar Years prior to the projected First Commercial Sale in the ROW of such Collaboration Product.