Examples of Sublicensee in a sentence
Moderna will, on written request by Merck or its Affiliate or Sublicensee, provide to the requesting party and to any specified Regulatory Authority a letter, in the form reasonably required by the requesting party, acknowledging that the requesting party has a right of reference to any such DMF.
Pursuant to the License Agreement, Sublicensor hereby grants to Sublicensee a non-exclusive and non- transferable sublicense to use the Intellectual Property in connection with the issuance, distribution, marketing and/or promotion of the Product, (as modified by Appendix A hereto, if applicable).
Subject to the remainder of this Section 8.4, Xxxxx will make the following milestone payments set forth in Section 8.4(d) (each, a “Milestone Payment”) to Moderna upon the first achievement by Xxxxx (or its Affiliate or Sublicensee) of each of the milestone events set forth in the tables below in Section 8.4(d) (each, a “Milestone Event”), and such payments when owed or paid will be non-refundable and non-creditable and not subject to set-off.
Such Milestone Payments will be payable to Moderna by Merck within [***] of the first achievement [***] by Merck (or its Affiliate or Sublicensee) of the applicable Milestone Event with respect to a Development Milestone Product (as defined below).
If a court or a governmental agency of competent jurisdiction requires Merck or its Sublicensee to grant a compulsory license to a Third Party with respect to Product in any country in the Territory with a royalty rate lower than the royalty rate provided by Section 8.5(a), then the royalty rate to be paid by Xxxxx on Net Sales in that country under Section 8.5(a) shall be reduced [***].