Initiation of Co-Promotion Term Sample Clauses

Initiation of Co-Promotion Term. FivePrime shall have the right to Co-Promote any Product in the United States during the co-promotion term for such Product (the “Co-Promotion Term”). The Co-Promotion Term with respect to a particular Product may be initiated by FivePrime as follows. HGS shall notify FivePrime in writing, if possible, at least *** months, but in any event no later than *** months, prior to the anticipated Filing of the first (1st) BLA for such Product (the “BLA Notification”), followed by written notification to FivePrime of the actual Filing of such BLA. FivePrime shall have the right, but not the obligation, to initiate the Co-Promotion Term for such Product, until the date that is the later of: (i) *** after the Filing of such BLA; or (ii) *** after FivePrime’s receipt of the BLA Notification from HGS (the “FivePrime Election Period”). At the time HGS provides FivePrime with the BLA Notification, HGS shall also provide FivePrime in writing the following information known to HGS at such time, relating to the Co-Promotion opportunity for such Product in the United States: (A) the estimated total number and positions of annual Details, the territory configuration and types of Prescribers (as well as managed care accounts) ranked by prescribing and purchasing volume, the structure of the field force and other Commercialization personnel to be deployed, and distribution plans; (B) HGS’ estimated Product pricing and revenue forecast for the potential Co-Promotion Term; and (C) estimated budgets (firm for launch year and estimates for the first *** years after launch) of launch and Commercialization costs, including estimated budgets for, and reasonable itemization (to the extent available) of, Marketing/Medical Affairs Costs and Sales Costs (each as defined below). In the event that FivePrime wishes to initiate the Co-Promotion Term with respect to any particular Product in the United States, FivePrime shall notify HGS in writing of such initiation on or before the end of the FivePrime Election Period. FivePrime shall be deemed to have decided not to initiate the Co-Promotion Term with respect to such Product in the United States, if FivePrime does not provide to HGS written notice of such initiation by the end of such FivePrime Election Period. In the event FivePrime initiates such Co-Promotion Term, FivePrime shall have the right to provide *** percent (***%) of the total anticipated Details for such Product using a sales force that consists of full-time FivePrime employee...
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to Initiation of Co-Promotion Term

  • Promotion of Agreement It is agreed that Vendor will encourage all eligible entities to purchase from the TIPS Program. Encouraging entities to purchase directly from the Vendor and not through TIPS Agreement is a violation of the terms and conditions of this Agreement and will result in removal of the Vendor from the TIPS Program.

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Research Term The term “

  • Promotional Probationary Period An employee who has previously completed the requisite probationary period and who is rejected during a subsequent probationary period for a promotional appointment shall be reinstated to the former position from which the employee was appointed. If the employee was dismissed from employment during the promotional probationary period, the employee shall not be entitled to such reinstatement rights.

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Effectiveness and Term of this Agreement 12.1 This Agreement shall come into effect upon the satisfaction of all of the following conditions: (1) this Agreement has been duly executed by the Parties; (2) the Equity Pledge under this Agreement has been duly registered on the register of shareholders of the Company. The Pledgors shall provide the Pledgee with the evidence of the registration of the Equity Pledge on the register of shareholders in form to the satisfaction of the Pledgee, and shall, after the registration of the Equity Pledge is completed and as required by the Pledgee, provide the Pledgee with the pledge certificate issued by the administration of industry and commerce in form to the satisfaction of the Pledgee. 12.2 The term of this Agreement shall end upon the full performance of the Contractual Obligations or the full discharge of the Secured Liabilities.

  • License Term The license term shall commence upon the License Effective Date, provided, however, that where an acceptance or trial period applies to the Product, the License Term shall be extended by the time period for testing, acceptance or trial.

  • License Period a. The License is hereby granted in favour of the Licensee for a total period of 15 (fifteen) years from the Commencement Date subject to unless otherwise terminated by Maha-Metro or surrendered by the Successful Bidder/Licensee, in term of provisions of License Agreement. b. The tenure of License Agreement shall commence from the date of handing over of the property business space. c. Tenure of the License Period of any additional space handed over subsequently shall be co- terminus with above period irrespective of date of actual handing over for such additional space. d. There shall be a lock in period of five (05) years from the date of commencement of agreement/ handing over of licensed space. e. Licensee shall have option to exit from the License Agreement immediately after completion of lock in period of 5 (Five) years. For it, Licensee shall have to issue 180 days prior notice to Maha-Metro. Such prior notice intimation can be given after four and half (4 ½) years however option to exit will be available only after five (05) years. f. At no time during the license tenure, the Licensee shall be allowed to surrender partial Licensed Space which has been handed over to the Licensee by Maha-Metro. g. At the end of License period or in the event of termination of this agreement prior to completion of license tenure, for any reason whatsoever, all rights given under this License Agreement shall cease to have effect and the premises shall revert to Maha-Metro, without any obligation to Maha-Metro to pay or adjust any consideration or other payment to the Licensee. h. The tenure shall be inclusive of fitment period as applicable for the tendered space. i. On completion/ termination of License Agreement, the Licensee shall hand over the space with normal wear & tear. The Licensee shall be allowed to remove its assets like temporary structure, furniture, almirahs, air-conditioners, DG sets, equipments, etc. without causing damage to the existing structure. However, the Licensee shall not be allowed to remove any facility, equipment, fixture, etc. which has become an integral part of the development plan of the space. j. At the end of the License Period or sooner determination of this Agreement for any reason whatsoever all rights given under this License Agreement shall cease to have effect and the Licensed Area with all the furniture and fixtures and other assets permanently attached to the Licensed Area shall revert to Maha-Metro without any obligation on part of Maha-Metro to pay or adjust any consideration or other payment to the Licensee. The Licensee voluntarily gives Maha-Metro the right to seal the said Licensed Space(s) and remarket the same as part on its discretion upon Termination of this Agreement. No claim, compensation or damages will be entertained by Maha-Metro on this account.

  • License Term and Termination Unless otherwise specified, any license granted is perpetual, provided however that if Customer fails to comply with the terms of this Agreement, HP may terminate the license upon written notice. Immediately upon termination, or in the case of a limited-term license, upon expiration, Customer will either destroy all copies of the software or return them to HP, except that Customer may retain one copy for archival purposes only.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!