Examples of BI Group in a sentence
After the First Commercial Sale of any Product by the BI Group or its sublicensees in a Major Market, except as provided for in Section 14.2.1, Vitae shall not have the right to terminate this Agreement in the event that the arbitrator determines that BI failed to use Diligent Efforts in connection with its performance of this Agreement, provided that BI pays Vitae the amount of Special Damages.
BI shall keep accurate and complete records of all financial information needed to calculate Net Sales and/or any payments due to Vitae under this Agreement, including, but not limited to, all such records for the BI Group.
During the Research Term (including any extensions of the initial Research Term), the BI Group, Vitae and Vitae’s Affiliates (except an Acquiring Entity) shall not, directly or with any Third Party, conduct Research, Development or Commercialization activities involving any BACE Inhibitor in the Field outside of this Research Collaboration, except as permitted pursuant to Sections 2.2, 2.5 and 3.3.2(k) (Vitae’s right to Research, Develop and Commercialize Non-Core BACE Inhibitors).
For sake of clarity and avoidance of doubt, sales of a Product by a member of BI Group and/or sublicensees to a Third Party distributor of such Product in a given country shall be considered a sale to a Third Party customer.
Contemporaneous with the execution of this Agreement, the BI Group shall make an equity investment in Vitae of fifteen million dollars (US$15,000,000) pursuant to an amendment to the Series D Preferred Stock Purchase Agreement by and among Vitae and the BI Group dated as of October 2, 2007, (the “October 2007 SPA”) substantially in the form of the amendment attached as Exhibit 6.
These are for reference only and not to be included with RFP responses.
BI BACE Compound” means a compound that (i) is a BACE Inhibitor, and (ii) (a) was discovered by the BI Group on or before the Effective Date, or (b) is in-licensed by the BI Group during the Research Term.
A “sale” will include any transfer or other disposition for consideration, and Net Sales will include the fair market value of all consideration CONFIDENTIAL TREATMENT REQUESTEDBACE RESEARCH COLLABORATION AND LICENSE AGREEMENTreceived by the BI Group and/or sublicensees in respect of any sale of a Product, whether such consideration is in cash payment, in kind or in any other form.
The dashed line rep- resents an added edge; the dotted line represents a hidden edge.
BI shall promptly update Exhibit 5 for any BACE Inhibitors in-licensed or otherwise acquired by the BI Group during the Research Term.****CERTAIN INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION.