Examples of Commercialization Phase in a sentence
Genomatica will bear all expenses it incurs in the Commercialization Phase unless and until Genomatica and T&L enter into a Commercialization Agreement, in which event T&L will reimburse Genomatica for Genomatica’s expenses as set forth in the Commercialization Agreement.
During the period from the delivery of written notice from T&L to Genomatica of T&L’s election to participate in the Commercialization Phase in accordance with Section 4.1 until the earlier to occur of (a) […***…] and (b) […***…] (“Exclusivity Period”), Genomatica will negotiate exclusively with T&L in good faith with respect to an agreement for the commercialization of Bio-BDO produced using the Commercial Process in the Territory (the “Potential Transaction”).
Upon completion of the Demonstration Phase, provided that the Bio-BDO produced in the Demonstration Phase meets minimum standards of quality applicable to petroleum-based BDO, which specifications are described on Schedule 1.2.38, Genomatica may elect to initiate the Commercialization Phase by providing written notice to T&L.
T&L shall provide Genomatica with written notice of whether or not T&L is electing to participate in the Commercialization Phase no later than the date that is the later of […***…] after the Effective Date and […***…], together with the details associated therewith (the “Election Period”).
Each project shall start in the Incubation Phase, and ONF, at its sole discretion, shall determine when each project moves into the Partner Commercialization Phase.