Completion of Technology Transfer definition
Examples of Completion of Technology Transfer in a sentence
Notwithstanding the foregoing, if, for reasons other than CVD's acts or omissions, Successful Completion of Technology Transfer has not occurred by the date that is the later of (a) six (6) months after the Effective Date; or (b) December 31, 1998, then Guidant shall pay the Initial Technology Transfer Fee to CVD within ten (10) days of such date.
Within thirty (30) days of the Completion of Technology Transfer, Kiniksa shall pay Biogen a one-time, non-refundable, non-creditable technology transfer fee in the amount of Five Hundred Thousand Dollars ($500,000) (the “Technology Transfer Fee”), payable by electronic funds transfer of immediately available funds to an account or accounts specified to Kiniksa by Biogen in writing at least five (5) Business Days prior to the date thereof.
In this regard, every reasonable effort will be made to accomplish Successful Completion of Technology Transfer within six (6) months from the Effective Date of this Agreement.
The Completion of Technology Transfer for purposes of Schedule G shall be deemed to have occurred on the first anniversary of the Effective Date, unless the Parties otherwise agree that such transfer is completed upon an earlier date (as determined by the completion of activities provided on such Schedule G).
Notwithstanding the foregoing, if for reasons other than CVD's acts or omissions, Successful Completion of Technology Transfer has not occurred by the date that is the later of (a) six (6) months after the Effective Date; or (b) December 31, 1998, then the payment specified in the prior sentence shall be due within ten (10) days of such later date.
No later than January 10, 2014, Licensee shall deliver notice to Ocera’s Program Manager in writing (which may be by email) that either (i) indicates the Completion of Technology Transfer has occurred (“Notice of Completion”) or (ii) identifies the items of the Technology that Licensee in good faith believes (A) have not been transferred or (B) have been transferred, but are not acceptable (including a description of the deficiencies) (“Notice of Deficiency”).
If prior to the Completion of Technology Transfer, Pharming requires assistance in connection with the manufacture of CDZ173 or the Lead Product Novartis shall consider such request in good faith.
Unless otherwise mutually agreed, the STT will dissolve [***] days following the Completion of Technology Transfer.
As used in the definition of Completion of Technology Transfer, “accepted” means that (i) the Technology Equipment was delivered in working order; (ii) the Identified Technology Know-How was delivered in a readable condition; and (iii) the Technology Materials were delivered in a usable condition, in each case, in all material respects.
Within ten (10) business days after the date of such Successful Completion of Technology Transfer, Guidant shall pay to CVD the amount of [*] Dollars ($[*]) (the "Initial Technology Transfer Fee") for the transfer of CVD Technology as provided herein.