Licenses to PTI for Active Compounds and Licensed Products Sample Clauses

Licenses to PTI for Active Compounds and Licensed Products. Subject to the terms and conditions of this Agreement, Astellas hereby grants to PTI a non-exclusive, royalty-free license (with the right to grant sublicenses subject to Section 7.2(c) (PTI Sublicensing Rights)) under the Astellas Technology and Astellas’s interest in the Collaboration Technology solely (i) to conduct each Project during the Research Term, (ii) in the event that PTI exercises the Co-Development Option, to conduct Development activities pursuant to an approved Co-Development Plan, (iii) in the event PTI exercises the Co-Promotion Option, to conduct promotional activities pursuant to an approved Co-Promotion Plan, and (iv) to conduct any Post-Research Term Development Support Activities. CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. Confidential