Examples of MD Xxxxxxxx License in a sentence
Development Data shall be also shared with UTMDACC and the Board as may be required pursuant to each of the MD Xxxxxxxx License Agreements.
MBI shall notify WPD of any reduction taken by or provided to MBI pursuant to any of the applicable MD Xxxxxxxx License Agreements.
Additionally, the pass-thru royalties payable shall be reduced to the extent such reduction is taken by or provided to MBI pursuant to the applicable MD Xxxxxxxx License Agreement, and shall be further subject to any sections of the applicable MD Xxxxxxxx License Agreement that modify or change the terms or payment of the pass-thru royalties to be made by MBI.
Each of the above royalty amounts shall be due and payable pursuant to Section 4.1(d) of the applicable MD Xxxxxxxx License Agreement.
Each of the milestone payments shall be due and payable pursuant to Section 4.1(e) or 4.1(f) of the applicable MD Xxxxxxxx License Agreement, under the same terms and conditions set forth in the applicable MD Xxxxxxxx License Agreement.
Should MBI and WPD agree that an Additional Patent covering an invention in the Sublicensed Territory shall be filed, then MBI, at all times subject to the terms of the applicable MD Xxxxxxxx License Agreements, will prepare and file appropriate patent applications covering the invention so identified.
Each of the Minimum Annual Royalties shall be due and payable pursuant to Section 4.1(e) of the applicable MD Xxxxxxxx License Agreement, under the same terms and conditions set forth in the applicable MD Xxxxxxxx License Agreement.
No more than once (1) per Calendar Year, the JDC or MBI may inspect the books and records of WPD that support Commercially Reasonable Development Efforts claimed by WPD, unless otherwise necessary for MBI to comply with its reporting obligations pursuant to any of the MD Xxxxxxxx License Agreements.
Notwithstanding the foregoing, to the extent MBI’s obligation to pay a Minimum Annual Royalty pursuant to the applicable MD Xxxxxxxx License Agreement ceases, WPD’s obligation hereunder shall cease.
For purposes of clarity only, (i) ALI shall not be responsible for any part of the Annual Maintenance Fee, as that term may be defined in the MD Xxxxxxxx License Agreements, and (ii) ALI shall not be responsible for any other costs specified under Article VI of each of the MD Xxxxxxxx License Agreements unless such costs are specifically assigned to it under the terms of this Agreement.