R&D Term definition

R&D Term has the meaning set forth in Section 2.2(b).

R&D Term means shall mean the period commencing on the Closing Date and ending on the 4th anniversary thereof.

R&D Term means the period commencing upon the Effective Date and ending on the earlier of (i) five (5) years after the Effective Date, or (ii) a Change of Control of either Party.

Examples of R&D Term in a sentence

• Merck may exercise such right by providing written notice to Moderna at [***] prior to the expiration of the Initial R&D Term and, subject to [***], the R&D Extension Term will automatically go into effect.

• Furthermore, during the R&D Term, Merck at its sole discretion may add or remove any Merck Exclusive Target as an R&D Target of an established R&D Program by providing written notice to Moderna.

• Subject to and in accordance with the terms of this Agreement, during the R&D Term the Parties will [***] undertake Development activities as set forth in R&D Plans with the goal of identifying and Developing Collaboration mRNA Constructs and Product Candidates directed to R&D Program Pathogens, [***] the “R&D Programs”) and (c) [***].

• For the avoidance of doubt, upon the expiration of the R&D Term, [***].

• Absent further agreement of the Parties but subject to Section 2.8(c) for an applicable R&D Program, the maximum duration of the R&D Term is four (4) years, and all R&D Programs will terminate upon expiration of the R&D Term.

More Definitions of R&D Term

R&D Term means the period from the License Commencement Date until the parties have completed their respective Research and Development activities as provided in the applicable R&D Plan, unless this Agreement is terminated earlier in accordance with Article 11.

R&D Term means the period commencing on January 1, 2001 and terminating on the earlier of: (a) the receipt of Regulatory Approval by Xx. Xxxx in the last country in the Territory; (b) the date that this Agreement is terminated pursuant to the terms hereof; or (c) on [********], or such later date as the Parties may mutually agree in writing.

R&D Term. R&D Term shall mean, subject to extension in accordance with Section 2.6, the period commencing on the Effective Date and ending on the latest of (a) the second anniversary of the Effective Date, (b) the date twelve (12) months after delivery of the first NitroMed Delivered Compound and (c) the date six (6) months after delivery of the second NitroMed Delivered Compound. Notwithstanding the foregoing, the R&D Term may be terminated by BSC in its sole discretion upon thirty (30) days prior written notice to NitroMed. Notwithstanding any provisions of this Section to the contrary, but subject to extension in accordance with Section 2.6, for purposes of Sections 2.7, 3.4 and 3.5, the R&D Term shall end on the earlier of (x) the date on which the R&D Term otherwise ends in accordance with this Section and (y) the date thirty (30) months after the Effective Date.

R&D Term means the period beginning on the Closing Date and ending on the date which is second anniversary thereof.

R&D Term means the period beginning on the Effective Date and ending upon the first day on which there are no Compound R&D Terms in effect for any Compound Candidates or Licensed Compounds.

R&D Term means the period beginning upon the Effective Date and ending upon the date of first commercial sale of Licensed Product.

R&D Term means the period commencing on the Closing Date and continuing for a period of [****] thereafter, or as extended by agreement of the Participants.