Duration of Phase B Clause Samples
Duration of Phase B. Phase B shall begin on a Collaboration Product-by-Collaboration Product basis upon nomination of the respective Collaboration Product pursuant to Section 2.10 and shall end upon the earlier of (i) opt-out of a Party pursuant to Section 14 and/or Divestment of a Party’s share in the collaboration pursuant to Section 15 (in each case subject to the provisions on unilateral development by the Continuing/Non-Divesting Party and on continued funding by the Opt-Out/Divesting Party as set forth in Sections 14 and 15), (ii) abandonment of the Phase B Development activities by mutual agreement between the Parties, (iii) completion of all Development activities for all countries in which the Collaboration Product shall be Commercialized, (iv) conclusion of a Joint Divestment Process, and (v) any other date specified in the applicable Development Plan.
Duration of Phase B. Phase B shall begin on an LCA Product-by-LCA Product basis upon nomination of the respective LCA Product pursuant to Section 2.10 and shall end upon the earlier of (i) opt-out of a Party pursuant to Section 18 (subject to the provisions on unilateral development by the Continuing Party and on continued funding by the Opt-Out Party as set forth in Section 18), (ii) abandonment of the Phase B Development activities by mutual agreement between the Parties, (iii) completion of all Development activities for all countries in which the LCA Product shall be Commercialized, (iv) conclusion of a Joint Divestment Process, and (v) any other date specified in the applicable Development Plan.