Common use of Replacement of Licensed Targets Clause in Contracts

Replacement of Licensed Targets. ADCT may, at its discretion at any time until and including [**], replace the Approved Target of any Commercial License with another Approved Target (selected in accordance with Section 2.3.1) provided that in aggregate the number of replacements for all (a) ADC Commercial Licenses shall not exceed eleven (11), and (b) Non-ADC Commercial Licenses shall not exceed ten (10).”

Appears in 4 contracts

Samples: ADC Therapeutics SA, ADC Therapeutics SA, ADC Therapeutics SA

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Replacement of Licensed Targets. ADCT may, at its discretion at any time until and including up to the [**]] anniversary of the Original Execution Date, replace the Approved Target of any Commercial License with another Approved Target (selected in accordance with Section 2.3.1) provided that in aggregate the number of replacements for all (a) ADC Commercial Licenses shall not exceed eleven (11), and (b) Non-ADC Commercial Licenses shall not exceed ten (10).”

Appears in 4 contracts

Samples: License Agreement (ADC Therapeutics SA), License Agreement (ADC Therapeutics SA), License Agreement (ADC Therapeutics SA)

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