Examples of Eligible Development in a sentence
The Aggregate Commitment shall be used by Tularik to finance the portion of Development Costs to be borne by Tularik for [*] (or equivalent) pursuant to this Agreement [*], commencing with the initiation of [*] (or equivalent)(the "Eligible Development Costs").
In addition to the foregoing, during the [*] period immediately following the receipt by the Parties of executed reports covering all aspects of [*] on a Product, JT and Tularik shall negotiate in good faith the terms and conditions under which JT may [*] the Aggregate Commitment, and the definition of Eligible Development Costs, to include Development Costs to be incurred in [*].
Commencing from and after the Execution Date and during the Term, the Parties will share all Eligible Development Expenses [***] at a ratio of [***] (Takeda: Arrowhead) (the “Eligible Development Costs Share Ratio”) in accordance with [***].
Each Party will bear its respective FTE Costs incurred in connection with such Manufacturing Transfer and Out-of-Pocket Costs shall be shared by the Parties be an Eligible Development Expense.
On a Licensed Category 1 Target‑by‑Licensed Category 1 Target basis, Takeda and Wave US will share equally (50%/50%) in the total Eligible Development Expenses incurred by the Parties and their Affiliates with respect to such Licensed Category 1 Target in accordance with the procedures set forth in this Section 11.3.2 (Eligible Development Expenses for Licensed Category 1 Targets).