Non-Hepatocyte Targets – Platform, Compound and Product Development Sample Clauses

Non-Hepatocyte Targets – Platform, Compound and Product Development. 4.3.1 For Non-Hepatocyte Targets, the Parties shall work together through the JSC to create a Research Plan during the Initial Research Collaboration Term to develop the New Platform for Non-Hepatocyte Cardiometabolic Targets or the New Platform for Non-Hepatocyte Neurodegeneration/Pain Targets, as applicable, based on the activities, timelines, budget and criteria specified and as set forth in the Research Plan, and provided that the total expenses for such activities to be performed by Dicerna shall not exceed [***] per calendar year for the first [***] of Initial Research Collaboration Term (the “Annual Budget Cap”), with the understanding that if such expenses in any given calendar year are below that year’s Annual Budget Cap, the difference shall be carried forward to the following year and added to the following year’s Annual Budget Cap (with any shortfall in the [***] calendar year of the Initial Research Collaboration Term being carried forward and recoupable by Xxxxx against expenses for which Xxxxx would otherwise be required to reimburse Dicerna for activities covered by the Research Plan in the [***] calendar year of the Initial Research Collaboration Term) and if such expenses in any given calendar year are above that year’s Annual Budget Cap, the difference shall reduce the following year’s Annual Budget Cap by the amount of such difference. The parties shall discuss in good faith the treatment of any expenses of Dicerna in any given year of the Initial Research Collaboration Term above the Annual Budget Cap.
Sample 1
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Related to Non-Hepatocyte Targets – Platform, Compound and Product Development

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  • Product The term “

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