Commercial License Option definition

Commercial License Option means the option granted to Company in the Research License Agreement to obtain a non-exclusive commercial license.
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Commercial License Option means as defined in Section 2.1.
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Commercial License Option means the option granted to Company in the Services Agreement to obtain a non-exclusive commercial license. Date: October 28, 2013 3 of 27 Opthea
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Examples of Commercial License Option in a sentence

  • Upon the COMPANY exercising the Commercial License Option as provided in the Services Agreement, Selexis hereby grants to COMPANY and its Affiliates a [ ** ], including the right to sublicense as per clause 2.1.1 hereafter, [ ** ].

  • This letter amends that certain Research and Commercial License Option Agreement between DAS and Sangamo, dated as of October 1, 2005, as amended (the “Agreement”).

  • If THP terminates the hTG Collaboration Agreement in its entirety under Section 15.3, then upon the effective date of such termination: (1) the hTG Commercial License Option will terminate (to the extent unexercised); (2) the Research License granted to SMC pursuant to Section 7.1 will terminate; (3) any existing hTG Commercial License Agreement will continue in effect in accordance with its terms; and (4) the Surviving Provisions will survive.

  • Unless earlier terminated as may be provided under Sections 14.2 or 14.3, the term of this Hematology Alliance Agreement (the “Term”) will commence on the Effective Date and will expire upon the earlier to occur of (a) expiration of the Hematology Commercial Option Period without election by SMC to so exercise such option, or (b) where such Hematology Commercial License Option is so exercised, expiration or termination of the last to expire Hematology Commercial License Agreement.

  • If Xxxxxxx exercises the Exclusive Target Option, then Dyadic will grant to Xxxxxxx the Exclusive Target License under Section 5.4 (Xxxxxxx Exclusive Target License) and Xxxxxxx may exercise the Commercial License Option for a Program for the Xxxxxxx C1 Protein that is directed to the Xxxxxxx Exclusive Target.

  • Interleukin may exercise the Commercial License Option by providing written notice to Xxxxxxxxx at any time during the Option Period.

  • If the Term is extended beyond the Initial Agreement Term because Xxxxxxx exercised the Research License Option, then, upon expiration of the Term, the licenses granted to Xxxxxxx under ARTICLE 5 (License Grants) will become fully paid up, perpetual and irrevocable, [***], with respect to the Exploitation of Xxxxxxx C1 Proteins that were the subject of Programs for which Xxxxxxx exercised a Commercial License Option during the Term.

  • Each milestone payment in this Section 7.4 (Development and Commercial Milestones by Xxxxxxx) shall be payable only once per Program for which Xxxxxxx has exercised the Commercial License Option upon the first achievement of such milestone by the first Xxxxxxx C1 Protein of such Program and no amounts shall be due for subsequent or repeated achievements of such milestone by Xxxxxxx C1 Proteins that are the subject of the same Program.


More Definitions of Commercial License Option

Commercial License Option means the option granted to Company in the Research License Agreement to obtain a non- exclusive commercial license.
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Commercial License Option has the meaning set forth in Section 4.2.2(a) (Reserved Targets Option).
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Related to Commercial License Option

  • Commercial License means any license issued to an individual or entity that is not a patient, caregiver, or transporter agent.

  • Initial license means the first permanent license granted to a qualified individual.

  • Perpetual License means a license which is everlasting and valid if the software is being used in accordance with the license-agreement requirements.

  • Retail license means one of the following licenses issued under this title:

  • Material License has the meaning assigned to such term in Section 7.15.

  • Original license means a motor vehicle dealer license issued to an applicant who has never been

  • Provisional license means a nonrenewable license issued by the Board of Education for a specified

  • Reciprocal license means the issuance of an Iowa license to practice barbering to an applicant who is currently licensed in another state and which state has a mutual agreement to license persons who have the same or similar qualifications to those required in Iowa.

  • Conditional license or "conditional approval" means a license

  • Professional license means any license, permit, certificate, registration, qualification, admission, temporary license, temporary permit, temporary certificate, or temporary registration that is described in divisions (W)(1) to (37) of this section and that qualifies a person as a professionally licensed person.

  • Local licensing authority means the governing body of a municipality or city and county, the board of county commissioners of a county, or any authority designated by municipal or county charter, municipal ordinance, or county resolution.

  • Occupational license means a certificate, registration, or license issued by a state department, bureau, or agency that has regulatory authority over an individual that allows an individual to legally engage in a regulated occupation or that allows the individual to use a specific title in the practice of an occupation, profession, or vocation.

  • Governmental Licenses has the meaning set forth in Section 4.3.

  • Financial licensing act means any of the financial licensing acts, as that term is defined in section 2 of the consumer financial services act, 1988 PA 161, MCL 487.2052.

  • Environmental Licence means any permit, licence, authorisation, consent or other approval required by any Environmental Law.

  • Exclusive License has the meaning set forth in Section 3.1.

  • Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.

  • exclusive licence means a licence from the proprietor of or applicant for a patent conferring on the licensee, or on him and persons authorised by him, to the exclusion of all other persons (including the proprietor or applicant), any right in respect of the invention to which the patent or application relates, and “exclusive licensee” and “non-exclusive licence” shall be construed accordingly;

  • Research License means a nontransferable, nonexclusive license to make and to use the Licensed Products or the Licensed Processes as defined by the Licensed Patent Rights for purposes of research and not for purposes of commercial manufacture or distribution or in lieu of purchase.

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • Exclusive Territory means (1) the states of Illinois, Wisconsin, and Indiana; and

  • State of principal license means a member state where a physician holds a license to practice medicine and which has been designated as such by the physician for purposes of registration and participation in the Compact.

  • Business License means a license issued by the Department to a medical marijuana dispensary, grower, processor, testing laboratory, or transporter.

  • License Term means the duration of a License as specified in the Order.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Renewal Option has the meaning set forth in §12.1.