New Licensed Product definition
Examples of New Licensed Product in a sentence
Notwithstanding anything in this Agreement to the contrary, the provisions of this Section 5.7 shall not apply to regulatory submissions or Regulatory Approvals for New Licensed Product or New Indication Existing Licensed Product that a Party Develops pursuant to, and in accordance with, Section 5.11 or Section 5.12, which such regulatory submissions and Regulatory Approvals shall be the sole responsibility of and solely owned by such Party.
With respect to any of the foregoing requests for extensions to a New Licensed Product, Licensee acknowledges and agrees that any such extensions may be subject to additional terms or conditions, as deemed necessary or desirable by the Parent, including with respect to exclusivity.
The Financial Report shall constitute a completed royalty report form, including a breakdown of sales by country, New Licensed Product and Licensee, Affiliate or Permitted Sublicensee, as applicable, provided or approved by Parent from time to time.
Such Financial Report shall be rendered at the times specified, whether or not Licensee or any Affiliate has Sold any New Licensed Product during the Reporting Period or whether any Earned Royalty is due under the terms of Section 6.2. At the time of sending each Financial Report hereunder, Licensee shall calculate the Earned Royalty for the Reporting Period, if any, and remit to Parent in full such Earned Royalty.
The Financial Report shall constitute a completed royalty report form, including a breakdown of sales by country, New Licensed Product and Licensee/Affiliate, provided or approved by Parent from time to time.
Such Financial Report shall be rendered at the times specified, whether or not Licensee or any Affiliate or Permitted Sublicensee has Sold any New Licensed Product during the Reporting Period or whether any Earned Royalty is due under the terms of Section 6.2. At the time of sending each Financial Report hereunder, Licensee shall calculate the Earned Royalty for the Reporting Period, if any, and remit to Parent in full such Earned Royalty.
RemeGen will have [ * ] following the later of: (i) [ * ], and (ii) [ * ] (“Opt-In Period”) to exercise RemeGen’s Opt-In Right for such New Licensed Product by: (x) so notifying Seagen in writing; and (y) expressly agreeing in writing to [ * ] (“Opt-In Notice”).
The foregoing opt-in fee shall be fully earned and payable within [ * ] after the date Seagen receives RemeGen’s Opt-In Notice for such New Licensed Product.
Notwithstanding the foregoing, iNtRON agrees to use reasonable efforts to complete the foregoing transfers no later than [***] or such other period as reasonably agreed to by the Parties to complete such transfer, after (i) the Effective Date in case of the transfer with respect to the Initial Licensed Product, or (ii) the Parties agree on the applicable New Transfer Plan in case of the transfer with respect to any Initial Licensed Product or New Licensed Product, as applicable.
Notwithstanding the foregoing, but still subject to Section 4.1(a), for any New Licensed Product [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.