Shire Agreement definition
Examples of Shire Agreement in a sentence
Acceleron agrees that during the Agreement Term, without Celgene’s prior written consent, Acceleron shall not modify or amend, or fail to perform under, the Shire Agreement in any way that would adversely affect Celgene’s obligations, rights or economic interest under this Agreement.
Acceleron shall keep Celgene reasonably informed of any notices or events under the Shire Agreement that would adversely affect Celgene’s obligations, rights or economic interest under this Agreement.
For example, if Translate Bio’s royalties payable under the Shire Agreement are reduced to [**]%, then Sanofi’s royalty under Section 7.5.1 would be reduced by [**]% in each applicable royalty tier.
Subject to Section 6.04 of the Shire Agreement, as applicable, this Agreement binds and is for the benefit of the successors and permitted assigns of each party.
Such reports include the reports referred to in Section 1.11(g) of the Shire Agreement and Section 5 of the MIT License.
Except as provided for in Section 7.1 (Collaboration Funding), Section 7.2 (License and Option Issue Fees), Section 6.3.4 and Section 7.4.5 (Special Payment Terms for Milestones under Shire Agreement) all amounts payable by Sanofi hereunder shall be paid within [**] of the receipt of the invoice at the following mailing address: Sanofi Pasteur Inc.
To the extent that royalties payable under such license are creditable against payments under the ▇▇▇▇▇▇ License or Shire Agreement, as applicable, Odyssey shall receive a full credit against payments to Indevus for Third Party Royalties hereunder for any payments made by Odyssey pursuant to such license.
To Indevus’s knowledge as of the Effective Date, no other party to the ▇▇▇▇▇▇ License or the Shire Agreement is in default or breach of such agreement.
Glycyx shall keep any and all cash or cash equivalent balances required under the terms of the Shire Agreement to be maintained by Glycyx in relation to the Retained Milestone Sums and the Retained Sums in an account whereby such sums shall earn a commercial rate of interest.
Furthermore, all grants of a security interest in Collateral are subject to the restrictions set forth in Section 6.04 of the Shire Agreement, a copy of which is set forth on Schedule 2.