Examples of Licensed Combination Product in a sentence
Only one payment of royalties shall be due with respect to the same unit of a Licensed Product or Licensed Combination Product, and no multiple royalties shall be payable because any Licensed Product or Licensed Combination Product, or its manufacture, sale or use, is covered by more than one Valid Claim or is subject to both Supernus Know-How and a Valid Patent Claim.
Each Party shall keep and maintain all records required by law or regulation with respect to development of a Licensed Product or Licensed Combination Product and shall make copies of such records available to the other Party upon request.
Subject to the terms and conditions contained in this Agreement, and in consideration of the rights granted by Supernus hereunder, United Therapeutics shall pay Supernus, or an Affiliate of Supernus designated in writing, the following Milestone Payments as pertaining to the development of each Licensed Combination Product, contingent upon the occurrence of the corresponding specified contingent Milestone Event detailed below.
Net Sales shall be determined in accordance with GAAP in the currency in which each Licensed Product or Licensed Combination Product was sold and shall be converted into United States dollars using the average buying rate as published in the Wall Street Journal for the [**] for which such payment is being determined.
For the sake of clarity, the parties acknowledge and agree that, after the Exclusivity Term, Sanofi-Aventis shall not grant an out-license except to Third Parties who are parties to a collaboration agreement with Sanofi-Aventis to jointly develop or jointly market Licensed Combination Products, and shall not grant any such license or other right to any Third Party to enable or permit such Third Party to commercialize any Licensed Combination Product independent of Sanofi-Aventis.
One Hundred and Fifty Thousand ($150,000) Dollars within sixty (60) days of a Product License Approval (PLA) from the FDA on a Licensed Product, Licensed Combination Product or Licensed Process.
Company shall maintain in effect insurance in the combined amount of one million dollars ($1,000,000) per occurrence for bodily injury and property damages, including reasonable attorney fees, arising out of any alleged defects in Licensed Product, Licensed Combination Product, Licensed Processes and Licensed Services or in the use thereof.
In this experiment, the new dynamic Garbage Collection Model with the improved calculation of the free ratio is used.
Seventy-five Thousand ($75,000) Dollars within sixty (60) days of FDA approval of a Phase I Investigational New Drug Application (IND) on a Licensed Product, Licensed Combination Product or Licensed Processes.
Company agrees not to use the name of University or any of its employees, in any advertisement or sales promotion relating to any Licensed Product, Licensed Combination Product, Licensed Processes and Licensed Services without prior written approval by University.