Common use of JMC Responsibilities Clause in Contracts

JMC Responsibilities. The JMC shall be responsible for: (i) preparing such procedures and mechanisms as may be necessary for the operation of the JMC, the Development Committee, and any other committees the JMC determines to establish to assure efficiency in the Collaboration; (ii) determining the overall Development, Commercialization and Manufacturing strategy for Products in the Field in the Territory and for all other activities conducted by the Parties hereunder (other than activities where the determination and conduct of strategy and activities are expressly assigned to one Party), with appropriate delegation to the Development Committee and any other committees the JMC determines to establish; (iii) determining whether to pursue additional indications for Products outside the Field as part of the Collaboration as provided in Article 7; (iv) reviewing and approving modifications to the Development Plan within thirty (30) days of each submission; (v) facilitating the transfer through the Development Committee of Technology between the Parties for purposes of the Development Program; (vi) regularly assessing the progress of the Development Program and Commercialization Program against the proposed timelines; (vii) monitoring the progress of the Development Committee; (viii) reviewing and approving the budgets prepared by the Development Committee and any modifications thereto as recommended by such committees within thirty (30) days of each submission; and (ix) performing such other activities as are contemplated for the JMC under this Agreement.