Request to License xxXXX Mimics and Additional xxXXX Precursor Antagonists Sample Clauses

Request to License xxXXX Mimics and Additional xxXXX Precursor Antagonists. Regulus may request a worldwide, royalty-bearing, sublicenseable (in accordance with Section 2.5), non-exclusive license in the Field, under each Licensor’s Licensed IP, to Develop, Manufacture and Commercialize a specific xxXXX Mimic or a specific xxXXX Precursor Antagonist that is not then an Approved Precursor Antagonist, and xxXXX Therapeutics containing such xxXXX Mimic or xxXXX Precursor Antagonist, by providing written notice to Licensors thereof on a xxXXX Mimic-by-xxXXX Mimic or xxXXX Precursor Antagonist-by-xxXXX Precursor Antagonist basis. Such license is subject to (i) review and affirmative approval by the Licensors, which approval may be withheld by a Licensor in such Party’s sole discretion, and (ii) compliance with relevant Third Party Rights ([***]). For the avoidance of doubt, Regulus will have no rights to such xxXXX Mimic or xxXXX Precursor Antagonist hereunder unless and until the affirmative approval of the relevant Licensor(s) and any required consents or approvals from Third Parties have been obtained and Regulus agrees to comply with all Third Party Rights, even to the extent inconsistent with the terms of this Agreement, following which such xxXXX Mimic or xxXXX Precursor Antagonist will be deemed to be an Approved Mimic or Approved Precursor Antagonist, respectively.
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Related to Request to License xxXXX Mimics and Additional xxXXX Precursor Antagonists

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