Examples of CAT Gatekeeping Procedure in a sentence
For the avoidance of doubt, CAT will not subject any Nominated Target to the CAT Gatekeeping Procedure unless and until Dyax supplies CAT with a GenBank® accession number or similar information which uniquely identifies that Nominated Target.
Dyax agrees, at Merrimack’s request, to enforce the confidentiality and non-use provisions of the CAT Agreement and any CAT Product License against CAT if Merrimack reasonably believes that CAT has failed to adhere to such obligations with respect to any Merrimack Confidential Information that CAT learns through the CAT Gatekeeping Procedure set forth in Appendix B.
The CAT Gatekeeping Procedure shall take up to [***] and CAT shall inform AstraZeneca whether a Target is available [***] or not available.
If the CAT Gatekeeping Procedure reveals that the Target is available [***] it shall enter the Target Pool [***].
The Parties will jointly select those Targets which are of interest to them as candidates for the Target Pool, and CAT shall apply the CAT Gatekeeping Procedure.
If CAT determines that the Nominated Target has passed the CAT Gatekeeping Procedure, [**], CAT is obligated to notify Dyax (the “Target Acceptance Notification”) that a CAT Product License is available for such Target [**].
If CAT determines that the Nominated Target has passed the CAT Gatekeeping Procedure, then pursuant to the terms of the CAT Agreement, CAT is obligated to notify Dyax (the “Target Acceptance Notification”) that a CAT Product License is available for such Target [*].
Where such a reservation fee is payable by Dyax it will be paid to CAT within 14 days of CAT notifying Dyax that the Nominated Target has passed the CAT Gatekeeping Procedure and will be creditable against any subsequent Acceptance Fee payable by Dyax under a Dyax Product Licence for that Target.
In the event CAT notifies Dyax under Clause 4.4.1 above that a Nominated Target has passed the CAT Gatekeeping Procedure, then upon receipt by CAT of the applicable Acceptance Fee, CAT agrees to grant and hereby grants to Dyax and its Affiliates a non-exclusive, royalty-bearing license, with the right to sublicense, under the CAT Antibody Phage Display Patents and CAT Know-How to Exploit Products against such Nominated Target in the Territory ("Dyax Product Licence").
In respect of those Targets which the CAT Gatekeeping Procedure identifies as available, the Target Selection Committee shall identify proposed candidates for the Target Pool.