Common use of Diligence Obligations Clause in Contracts

Diligence Obligations. NN shall use commercially --------------------- reasonable efforts to achieve each of the following diligence obligations, for at least one Zid Embodiment in the ZSS, no later than the applicable deadline. The standard diligence time periods that ZGI and NN intend to be included in a Pre-Negotiated License under SECTION 7.8 in the situation where a Xxx Xxxx, Zid Protein or a Soluble Embodiment is the Product are recited below. However, both ZGI and NN recognize that specific circumstances surrounding a particular Zid Embodiment may lead the parties to negotiate one or more different diligence time period(s) within a particular Pre-Negotiated License. Under the standard diligence time periods, NN must: (a) obtain approval by NN's review board to make such Zid Embodiment an NN project which is reasonably resourced and funded in accordance with NN practice and taking into consideration the stage of development of the Zid Embodiment, no later than sixty (60) days after NN exercises the BC Option under this ARTICLE 7; (b) initiate a Phase III clinical trial no later [*] from IND approval; (c) file a PLA or pay the [*] Milestone Fees under SUBSECTION 7.8.2 no later than [*] after fulfillment of diligence obligation (b) above.

Diligence Obligations. NN shall use commercially --------------------- reasonable efforts effort to achieve each of the following diligence obligations, for at least one Zid Embodiment in the ZSS, no later than the applicable deadline. The standard diligence time periods that ZGI and NN intend to be included in a Pre-Pre- Negotiated License under SECTION 7.8 6.4 in the situation where a Xxx Xxxx, Zid Protein or a Soluble Embodiment is the Product are recited below. However, both ZGI and NN recognize that specific circumstances surrounding a particular Zid Embodiment may lead the parties to negotiate one or more different diligence time period(s) within a particular Pre-Negotiated License. Under the standard diligence time periods, NN must: (a) obtain approval by NN's review board to make such Zid Embodiment an NN project which is reasonably resourced and funded in accordance with NN practice and taking into consideration the stage of development of the Zid Embodiment, no later than sixty (60) days [*] after NN exercises the BC RoW Option under this ARTICLE 76; (b) initiate file an IND or administer a Phase III clinical trial no later [*] from IND approval; (c) file a PLA first human dose or pay the [*] Milestone Fees Fee under SUBSECTION 7.8.2 no later than [*] after fulfillment of diligence obligation (b) above6.

Diligence Obligations. NN shall use commercially --------------------- reasonable efforts to achieve each of the following diligence obligations, for at least one Zid Embodiment in the ZSS, no later than the applicable deadline. The standard diligence time periods that ZGI and NN intend to be included in a Pre-Negotiated License under SECTION 7.8 7.4 in the situation where a Xxx Xxxx, Zid Protein or a Soluble Embodiment is the Product are recited below. However, both ZGI and NN recognize that specific circumstances surrounding a particular Zid Embodiment may lead the parties to negotiate one or more different diligence time period(s) within a particular Pre-Negotiated License. Under the standard diligence time periods, NN must: (a) obtain approval by NN's review board to make such Zid Embodiment an NN project which is reasonably resourced and funded in accordance with NN practice and taking into consideration the stage of development of the Zid Embodiment, no later than sixty (60) days after NN exercises the BC RoW Option under this ARTICLE 7; (b) initiate a Phase III clinical trial no later than [*] from IND approvalafter CPC is attained; (c) file a PLA or pay the [*] and [*] Milestone Fees under SUBSECTION 7.8.2 7.4.2 no later than [*] after fulfillment of diligence obligation (b) above.

Diligence Obligations. NN shall use commercially --------------------- reasonable efforts to achieve each of the following diligence obligations, for at least one Zid Embodiment in the ZSS, no later than the applicable deadline. The standard diligence time periods that ZGI and NN intend to be included in a Pre-Negotiated License under SECTION 7.8 6.8 in the situation where a Xxx Xxxx, Zid Protein or a Soluble Embodiment is the Product are recited below. However, both ZGI and NN recognize that specific circumstances surrounding a particular Zid Embodiment may lead the parties to negotiate one or more different diligence time period(s) within a particular Pre-Negotiated License. Under the standard diligence time periods, NN must: (a) obtain approval by NN's review board to make such Zid Embodiment an NN project which is reasonably reasonable resourced and funded in accordance with NN practice and taking into consideration the stage of development of the Zid Embodiment, no later than sixty (60) days [*] after NN exercises the BC Option under this ARTICLE 76; (b) initiate file an IND or administer a Phase III clinical trial no later [*] from IND approval; (c) file a PLA first human dose or pay the [*] Milestone Fees Fee under SUBSECTION 7.8.2 no later than [*] after fulfillment of diligence obligation (b) above6.