Examples of Secondary Product in a sentence
Licensee will notify Licensor within thirty (30) days of the First Commercial Sale of each royalty-bearing Primary and Secondary Product.
Licensee shall promptly notify Licensor of each Primary or Secondary Product discovered or identified during the life of the Licensed Patents and shall further promptly notify Licensor of [ * ] = Certain confidential information in this document, marked by brackets, has been ommitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
However, if the Parent Product (as defined herein), with respect to a particular Secondary Product, achieves Regulatory Approval, and BMS (or its Affiliate or sublicensee) continues thereafter to conduct development of such Secondary Product, then such Secondary Product shall thereafter be deemed a Second Generation Product, for which milestone payments shall be owed as provided in Section 7.3(i).
By "First Commercial Sale" is intended the initial transfer by Licensee or a sublicensee of a Primary or Secondary Product for cash or a cash equivalent.
Upon the expiration of the last of the Licensed Patents utilized for such Primary or Secondary Product: the royalty rates due Licensor on Net [ * ] = Certain confidential information in this document, marked by brackets, has been ommitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.