Common use of Funding of the Program Clause in Contracts

Funding of the Program. In consideration of Ixsys' performance of its obligations under the Research Plan or the identification of a Program Antibody demonstrating an affinity equal to or greater than [***] times the initial affinity of the Candidate Molecule from which that Program Antibody was derived as determined by an in vitro assay to be agreed upon by the parties, Bio-Management shall pay to Ixsys the amounts set forth in Schedule B.

Funding of the Program. In consideration of Ixsys' performance of its obligations under the Research Plan or the identification of a Program Antibody demonstrating an affinity equal to or greater than [***] times the initial affinity * of the Candidate Molecule from which that Program Antibody was derived as determined by an in vitro assay to be agreed upon by the parties***, Bio-Management shall pay to Ixsys the amounts set forth in Schedule B.