Examples of Merck in a sentence
Prior to the expiration of the Collaboration Term, Xxxxx may designate a Product Candidate as an “Elected Candidate” hereunder by providing Moderna with written notice of the same (an “Elected Candidate Notice”); provided that Merck may make no more than five (5) such designations, in the aggregate, hereunder (the “Elected Candidate Cap”).
Each of Moderna and Merck may be referred to herein as a “Party” or together as the “Parties”.
Subject to Section 8.1, Merck may deduct or withhold from any payments due to Moderna amounts for payment of any withholding Tax that is required by Law to be paid to any Tax Authority with respect to such payments.
Merck will give written notice of its intent to withhold any amounts under this Section 8.6(d) at least [***] days in advance of any payment being made.
For clarity, all such reports shall be considered the Confidential Information of Merck.