Common use of Upon First Commercial Sale of a LICENSED PRODUCT Clause in Contracts

Upon First Commercial Sale of a LICENSED PRODUCT. or Commercial Performance of a LICENSED PROCESS. COMPANY shall report to THE PARTIES the date of first commercial sale of a LICENSED PRODUCT and the date of first commercial performance of a LICENSED PROCESS within sixty (60) days of occurrence in each country.

Appears in 4 contracts

Samples: Exclusive Patent License Agreement (MetaStat, Inc.), Exclusive Patent License Agreement (MetaStat, Inc.), Exclusive Patent License Agreement (MetaStat, Inc.)

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Upon First Commercial Sale of a LICENSED PRODUCT. or Commercial Performance of a LICENSED PROCESS. COMPANY shall report to THE PARTIES M.I.T. the date of first commercial sale of a LICENSED PRODUCT and the date of first commercial performance of a LICENSED PROCESS within sixty (60) days of occurrence in each country.

Appears in 3 contracts

Samples: Exclusive Patent License Agreement (Myomo Inc), Exclusive Patent License Agreement (Bionik Laboratories Corp.), Exclusive Patent License Agreement (Visterra, Inc.)

Upon First Commercial Sale of a LICENSED PRODUCT. or Commercial Performance of a LICENSED PROCESS. COMPANY shall report to THE PARTIES M.I.T. the date of first commercial sale of a LICENSED PRODUCT and the date of first commercial performance of a LICENSED PROCESS within sixty (60) [**] days of occurrence in each countryoccurrence.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (A123 Systems Inc), Exclusive Patent License Agreement (A123 Systems, Inc.)

Upon First Commercial Sale of a LICENSED PRODUCT. or Commercial Performance of a LICENSED PROCESS. COMPANY shall report to THE PARTIES M.I.T. the date of first commercial sale of a LICENSED PRODUCT and the date of first commercial performance of a LICENSED PROCESS within sixty (60) [***] days of occurrence in each country.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Selecta Biosciences Inc), Exclusive Patent License Agreement (Selecta Biosciences Inc)

Upon First Commercial Sale of a LICENSED PRODUCT. or Commercial Performance of a LICENSED PROCESS. COMPANY LICENSEE shall report to THE PARTIES LICENSOR the date of first commercial sale of a LICENSED PRODUCT and the date of first commercial performance of a LICENSED PROCESS within sixty (60) days of occurrence in each country.

Appears in 1 contract

Samples: Exclusive Patent and Know How License Agreement (Xethanol Corp)

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Upon First Commercial Sale of a LICENSED PRODUCT. or Commercial Performance of a LICENSED PROCESS. COMPANY shall report to THE PARTIES XXXXXXXXX the date of first commercial sale of a LICENSED PRODUCT and the date of or first commercial performance sale of a LICENSED PROCESS within sixty [***] (60[***]) days of occurrence in each country.

Appears in 1 contract

Samples: Patent License Agreement (Omega Therapeutics, Inc.)

Upon First Commercial Sale of a LICENSED PRODUCT. or Commercial Performance of a LICENSED PROCESS. COMPANY shall report to THE PARTIES XXXXXXXXX the date of first commercial sale to an end user purchaser of a LICENSED PRODUCT and the date of first commercial performance of a LICENSED PROCESS within sixty (60) [***] days of occurrence in each country.

Appears in 1 contract

Samples: Tangible Property and Exclusive Patent License Agreement (Proteostasis Therapeutics, Inc.)

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