Maximum Number of Global Target Pairs, Selection Right Sample Clauses

Maximum Number of Global Target Pairs, Selection Right. At any given time under this Agreement, Novartis may only hold rights to a maximum of four Global Target Pairs (or, in the case where Xencor has exercised its Opt-In Right and not exercised its Opt-Out Right pursuant to Section 5.3.7, three such Global Target Pairs). From time to time during the Global Target Selection /Replacement Period, Novartis may notify Xencor in writing of Targets that Novartis desires to designate as a Global Target Pair for the purposes of this Agreement (each, a “Proposed Global Target Pair”) and, within [...***...], Xencor will advise Novartis whether such Target pairs are Available. If the Target pair is available, then such Target pair will be deemed to be a Global Target Pair. If the Proposed Global Target Pair is not Available, then such Proposed Global Target Pair will not be deemed a Global Target Pair. If Novartis questions why a Proposed Global Target Pair is not Available, upon request, Xencor shall promptly provide reasonable evidence of such un-Availability, which evidence may be provided to outside counsel or outside consultant engaged by Novartis (and who will enter an appropriate confidentiality agreement with Xencor prior to receipt of such evidence) to confirm such status, with such outside counsel or consultant engaged by Novartis permitted to disclose to Novartis only whether or not it agrees with the Xencor determination as to Availability. In the event of a dispute with regard to Availability, such dispute shall be resolved by Expedited Arbitration.
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Related to Maximum Number of Global Target Pairs, Selection Right

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