Minimum Development Requirements. Subject to the terms and conditions including the terms of this Article IV below, during the Term, PTI shall diligently develop and Commercialize Licensed Products in accordance with the following minimum development diligence requirements set forth in this Section 4.1 (“Development Diligence Requirements”). Commencing in calendar year 2003 and for each period thereafter during the Term, PTI shall have the minimum required number of [* * *] Licensed Products which are either under development or being Commercialized under this Agreement on the first day of each such period as set forth in the table below: MINIMUM REQUIRED NUMBER OF LICENSED PRODUCTS Minimum number of [* * *] Licensed Products under development or being Commercialized [* * *] [* * *] [* * *] [* * *]
Appears in 4 contracts
Samples: Development and License Agreement (Pain Therapeutics Inc), Development and License Agreement (Pain Therapeutics Inc), Development and License Agreement (Durect Corp)
