Common use of Formation and Purpose Clause in Contracts

Formation and Purpose. Within [***] ([***]) days after the Effective Date, the Parties shall establish a joint commercialization committee (the “JCC”), which shall perform the primary functions of: (a) facilitating cooperation and coordination between the Parties regarding Commercialization matters; (b) designing, implementing, monitoring, reviewing and discussing the Commercialization Plan and Commercialization budget for the Product, including progress and performance thereunder, and for proposing updates or amendments to the Commercialization Plan and Commercialization budget for approval by the JSC; (c) monitoring, reviewing, coordinating, and discussing the overall progress of Commercialization under this Agreement; and (d) providing regular updates, and making recommendations (as appropriate), to the JSC regarding the foregoing matters.

Formation and Purpose. Within [***] fifteen ([***]15) days after the Original Effective Date, the Parties shall establish a joint commercialization committee (the “JCC”), which shall perform the primary functions of: (a) facilitating cooperation and coordination between the Parties regarding Commercialization matters; (b) designing, implementing, monitoring, reviewing and discussing the Commercialization Plan and Commercialization budget for the Product, including progress and performance thereunder, and for proposing updates or amendments to the Commercialization Plan and Commercialization budget for approval by the JSC; (c) monitoring, reviewing, coordinating, and discussing the overall progress of Commercialization under this Agreement; and (d) providing regular updates, and making recommendations (as appropriate), to the JSC regarding the foregoing matters.

Formation and Purpose. Within […***…] ([…***…]) days after the Original Effective Date, the Parties shall establish a joint commercialization committee (the “JCC”), which shall perform the primary functions of: (a) facilitating cooperation and coordination between the Parties regarding Commercialization matters; (b) designing, implementing, monitoring, reviewing and discussing the Commercialization Plan and Commercialization budget for the Product, including progress and performance thereunder, and for proposing updates or amendments to the Commercialization Plan and Commercialization budget for approval by the JSC; (c) monitoring, reviewing, coordinating, and discussing the overall progress of Commercialization under this Agreement; and (d) providing regular updates, and making recommendations (as appropriate), to the JSC regarding the foregoing matters.