Second Diversity Library Clause Samples

Second Diversity Library. Upon receipt of a written notice from Tularik, Array shall deliver to Tularik the small molecule compound library described in this Section 2.10 (the "Second Diversity Library"). The Second Diversity Library shall consist of [ * ] TA Libraries and shall contain a total of [ * ] Compounds. Each TA Library shall contain on average [ * ] of each Compound, and each Compound within a TA Library shall be based on the same Scaffold. The TA Libraries within the Second Diversity Library shall be based on such Scaffolds as the parties mutually agree upon in writing. If Tularik provides the written notice described in the first sentence of this Section 2.10 on or prior to the [ * ] anniversary of the Effective Date, Tularik will pay [ * ] per Compound for Compounds within the Second Diversity Library. If Tularik provides the written notice set forth in the first sentence of this Section 2.10 more than [ * ] after the Effective Date, Tularik will pay [ * ] per Compound for Compounds within the Second Diversity Library. In the event that Tularik reasonably demonstrates to Array that any Compound within the Second Diversity Library does not conform to the specifications and meet the quality control criteria set forth on Exhibit B, Array shall refund to Tularik the price paid pursuant to this Section 2.10 for every such non-conforming Compound. For avoidance of doubt, the parties understand and agree that Sections 2.5, 2.7, 2.8 and 2.9 shall apply to Compounds and TA Libraries within the Second Diversity Library. [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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