Common use of Permissible PDEs Clause in Contracts

Permissible PDEs. For purposes of determining compliance by Targacept with any of its annual PDE performance requirements set forth in the Co-Promotion Agreement, except as provided in the last sentence of Section 5(a), PDEs that are not performed by Targacept as set forth in the applicable Plan for the applicable Calendar Period, in each case shall not be taken into account.

Appears in 3 contracts

Samples: Collaborative Research and License Agreement (Targacept Inc), Collaborative Research and License Agreement (Targacept Inc), Collaborative Research and License Agreement (Targacept Inc)

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Permissible PDEs. For purposes of determining compliance by Targacept with any of its annual PDE performance requirements set forth in the Co-Promotion Agreement, except as provided in the last sentence of Section 5(a), PDEs that are not performed by Targacept as set forth in the applicable Plan for the applicable Calendar Period, in each case shall not be taken into account.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Targacept Inc)

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Permissible PDEs. For purposes of determining compliance by Targacept MAP with any of its annual PDE performance requirements set forth in the Co-Promotion Agreement, except as provided in the last third sentence of Section 5(a5(b), PDEs that are not performed by Targacept MAP as set forth in the applicable Co-Promotion Plan for the applicable Calendar Period, in each case Period shall not be taken into account.

Appears in 1 contract

Samples: License Agreement (MAP Pharmaceuticals, Inc.)

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