Initial Commercialization Sample Clauses
Initial Commercialization. Lilly shall have full responsibility and authority for all aspects of the Commercialization of Products in the Field in the Territory at its sole expense until a Triggering Event occurs. [**]
Initial Commercialization. Lilly shall have full responsibility and authority for all aspects of the Commercialization of Products in the Field in the Territory at its sole expense until a Triggering Event occurs. [**]
4.1 (b) Commercialization Post [**]
(i) Service Territory Beginning upon [**] in the People’s Republic of China (but no later than [**]), the JSC shall, as a Mutual JSC Matter, designate a section in the People’s Republic of China to ▇▇▇▇▇▇▇▇▇ where ▇▇▇▇▇▇▇▇▇ shall be responsible for P&D Services for Products at ▇▇▇▇▇▇▇▇▇’▇ sole expense (“Service Territory”), and the Service Territory shall initially comprise, in terms of Net Sales of Products in the then-most recent four Calendar Quarters approximately 30% of the Net Sales of Products in all provinces of mainland People’s Republic of China in such Calendar Quarters, with all provinces being contiguous and containing at least one of Shanghai, Beijing and/or Guangzhou (“Baseline Service Territory”). The JSC shall further designate two sub-sections of the Lilly Territory, each contiguous with the Baseline Service Territory and each comprising, in terms of Net Sales of Products in the then-most recently ended Calendar Year, approximately 5% of the Net Sales of Products in all provinces of mainland People’s Republic of China in such Calendar Quarters (totalling 35% and 40%, respectively, when combined to the Service Territory), which may be added to the Service Territory pursuant to Article 4.1(b)(iii) below (one such sub-section to be designated “▇▇▇▇▇▇▇▇▇ Territorial Extension A”, and one sub-section to be designated “▇▇▇▇▇▇▇▇▇ Territorial Extension B”). If the JSC is unable to decide or resolve unanimously the division and allocation of provinces of mainland People’s Republic of China as provided for in this Article 4.1(b)(i) within sixty (60) Business Days, then Article 14 shall apply.
Initial Commercialization. Lilly shall have full responsibility and authority for all aspects of the Commercialization of Products in the Field in the Territory at its sole expense. Lilly shall use Commercially Reasonable Efforts to Commercialize Products, in compliance with the terms and conditions of the Agreement with a goal to maximize profits from Net Sales of Products. Lilly shall book all Third Party end user sales of the Products (except with respect to the SOTC Areas), and shall have the sole right and obligation to determine all pricing of the Products (except with respect to the SOTC Areas). Lilly shall bear all of the costs and expenses incurred in connection with all such Commercialization activities (except with respect to the SOTC Areas). Through the JSC, Lilly shall provide ▇▇▇▇▇▇▇▇▇ with quarterly reports of the activities it has undertaken with regard to Commercializing Products in the Territory. In addition, Lilly shall meet with ▇▇▇▇▇▇▇▇▇, at ▇▇▇▇▇▇▇▇▇'▇ request and no more than two (2) times per year, to report on the activities it has undertaken with regard to Commercializing Products in the Territory and to provide a forum for ▇▇▇▇▇▇▇▇▇ to provide feedback regarding such Commercialization activities, which feedback shall be reasonably considered by Lilly in developing its future Commercialization strategy for Products.