Examples of Accepted Product in a sentence
Accepted Product lots shall be stored in a clean and safe condition by Seller at Seller's Plant or any other mutually acceptable location until Buyer requests shipment of individual Products to Buyer's Plant.
Subject to Section 2.5.3, the Development Program shall expire upon either of the earlier 1) the date Relief selects Accepted Product Concepts for further development and commercialization; or 2) One hundred and eighty days (180) days following the delivery of Final Report.
In consideration for the rights granted to Relief hereunder, Relief will make the following payments (each a “Milestone Payment”) to InveniAI for each milestone associated with Accepted Product Concept (each a “Milestone Event”).
InveniAI, during the Identification Period, will utilize its Platform, and may rely on or incorporate Relief IP and Relief Confidential Information, to: identify Product Concepts across rare diseases that may be suitable for Relief to (a) validate in animal model systems: and (b) conduct IND-enabling studies on the Accepted Product Concepts.
If Buyer desires to vary the quantity of any Product(s) from the quantity specified in the applicable Accepted Product Order, Buyer must notify Seller in writing of the change in quantity.
In addition to the restriction set out in Section 4.1 below, InveniAI shall not, itself or through any of its Affiliates or any Third Party, research, develop, make, use, market, license, offer to sell, sell or otherwise commercialize any such Relief IP, including the Accepted Product Concepts and any subject matter related to Accepted Product Concepts in the Final Report, and the Final Report’s core content regarding the Product Concepts (API-disease combinations).
If Buyer orders Products from Seller by accepting in writing (and by the deadline set forth above) Seller’s estimate, Seller shall be deemed to have accepted Buyer’s Product Order in writing on the date Buyer delivers Buyer’s written acceptance of Seller’s estimate to Seller, and an Accepted Product Order shall exist as of that date.
However, we may destroy any Accepted Product at any time following the date ninety days after our receipt of the Accepted Product.
Unless and until Buyer and Seller execute a change order reflecting the change in quantity and, if applicable, change in Contract Price, and Seller receives any additional deposit as set forth in the change order, Seller shall have no obligation to provide any quantity of Product or Products different from the amounts specified in the original Accepted Product Order.
Each counterparty listed on Exhibit B shall constitute an Other Accepted Counterparty and the limitations set forth therein shall constitute such Other Accepted Counterparty’s “Counterparty Limitations” (in respect of each Accepted Product set forth therein).