Examples of PDL License Agreement in a sentence
Unless earlier terminated in accordance with this Article 7, this Agreement shall remain in effect until the expiration of the last PDL License Agreement.
GNE shall provide PDL with written notice identifying the Antigen for which GNE desires to enter into a PDL License Agreement pursuant to the provisions of Section 2.1. Such written notice shall occur no later than ten (10) days following first regulatory approval of a product incorporating an Antibody directed against the relevant Antigen.
In the event that PDL denies GNE’s request, as set forth herein, for a PDL License Agreement, GNE’s right under Section 2.1 shall not be considered exercised.
If, after GNE has exercised its license rights with respect to a particular Antigen and has entered into a PDL License Agreement pursuant to Section 2.1, GNE later has another product incorporating an Antibody that is directed against the same Antigen, then GNE must provide an additional written notice that such product is a GNE Licensed Product no later than ten (10) days following regulatory approval of such other product.
If PDL affirms GNE’s request or has not responded within ten (10) business days of receipt of GNE’s request under this Section 2.3(b), then GNE and PDL shall enter into a PDL License Agreement with respect to the Antigen.
Nothing in this Agreement shall be construed as (a) a warranty or representation by PDL as to the validity or scope of any PDL Patent Rights; or (b) a warranty or representation that any Licensed Product made, used, sold or otherwise disposed of under any PDL License Agreement is or will be free from infringement of patents, copyrights, trademarks, trade secrets or other rights of third parties.
The arbitrator shall have the authority to award such remedies as he or she believes appropriate in the circumstances, including, but not limited to, compensatory damages subject to the Three and Three-Quarters Percent (3.75%) royalty maximum set forth in the PDL License Agreement, consequential and incidental damages, interest, tort damages (but not punitive or similar damages) and specific performance and other equitable relief.
Each license elected by GNE hereunder shall be pursuant to a separate PDL License Agreement and effective as of the date of execution by both parties.
Each license elected by TANOX hereunder shall be pursuant to a separate PDL License Agreement and effective as of the date when the election for such license by TANOX becomes irrevocable, pursuant to Section 2.2.
If PDL affirms TANOX' request or has not responded by notice in writing with ten (10) business days of receipt of TANOX' request under this Section 2.2, then TANOX' election shall be deemed irrevocable and TANOX and PDL shall enter into a PDL License Agreement with respect to that Antigen.