Examples of Asia Territory in a sentence
For purposes of this Section 5.2(d), Asian Royalty Rate Percentage means the percentage equal to the portion of Annual Net Sales of the Licensed Product in the Asia Territory in the Quarter for which the applicable royalty payment is due, divided by Annual Net Sales of the Licensed Product in both the Europe Territory and the Asia Territory in the Quarter for which the applicable royalty payment is due.
Unless otherwise mutually determined by THERMO and GMH, GMH shall not market, distribute or sell the Products in the Southeast Asia Territory until such time as THERMO has obtained all necessary registrations, licenses and permits.
GMH shall cooperate with and serve as the local intermediary for THERMO with the appropriate governmental agencies in the Southeast Asia Territory, and will assist THERMO in understanding any applicable legal requirements and in obtaining any registrations, licenses and permits necessary to market, distribute, and sell the Product(s) within such Southeast Asia Territory.
By way of example, assuming the ROW Region is a Profit Share Region, if Xxxxxx is the Selecting Party under Section 7.3(c)(i) and elects to be the LCP in the U.S., then Reata shall have the right to be the LCP in Europe pursuant to Section 7.3(c)(ii), and shall further have the first right to elect to be the LCP pursuant to this Section 7.3(c)(v) in two out of the following: Japan, Asia Territory, Latin America, and the ROW Territory.
Continuing such example, if Reata exercises such first right by electing to be the LCP in Japan and the Asia Territory, then Xxxxxx shall have the right to be the LCP in Latin America and the ROW Territory.
Merrimack Parent shall pay to Merrimack Bermuda a portion of all Sublicense Revenue with respect to the Asia Territory as follows: Sublicense agreement executed prior to [**].
MERRIMACK shall have the right to terminate this Agreement with respect to the MERRIMACK Europe Territory, the MERRIMACK Asia Territory, the MERRIMACK ROW Territory, or some or all of them, effective at any time following the second anniversary of the Effective Date, for any or no reason.
MERRIMACK shall, to the extent (A) relevant to Development of the Licensed Compound and the Licensed Product in the PEI Territory and (B) Controlled by MERRIMACK, provide PEI with copies of material regulatory submissions to, and material communications with, any Regulatory Authorities in the United States, the MERRIMACK Europe Territory and the MERRIMACK Asia Territory relating to the Licensed Compound and the Licensed Product.
For clarity, Otsuka shall not be required to prepare or submit to [***] any brand strategy with respect to the Commercialization of the Licensed Products in any country in the Asia Territory unless such strategy for such country is materially inconsistent with the Global Brand Strategy.
Promptly, but not more than [***] after the Restatement Date, Ionis and Otsuka will establish a Joint Steering Committee for the Asia Territory, which will have the responsibilities set forth in this Section 8.2 (Joint Steering Committees) (the “Asia JSC,” and together with the Europe JSC, the “JSCs”).