Examples of Subsequent Products in a sentence
CONFIDENTIAL TREATMENT REQUESTEDBACE RESEARCH COLLABORATION AND LICENSE AGREEMENTCommercialization Milestones.Commercialization Milestones Upon reaching US$1 billion in Annual Net Sales **** Upon reaching US$2 billion in Annual Net Sales **** Upon reaching US$3 billion in Annual Net Sales **** 9.4.2 Second and Subsequent Products.
Upon exercise of each Option to License for Subsequent Products pursuant to Section 4.1 herein, Servier will pay Cellectis the non-refundable and non-deductible lump sum payment of [***], excluding taxes.
Additional UCART19 Product(s) will either be treated as new Pre-Candidate Product(s), new Candidate Product(s), Subsequent Product(s) or Substitute Product(s), as per Sections 3.2.3 and 3.4 of this Agreement.
During the Royalty Term(s), Servier shall pay royalties to Cellectis on annual Net Sales of the Products: Aggregate annual Net Sales of the Products Royalty [***] [***] For sake of clarity, any and all milestones due under A.4 and A.5 of this Exhibit 1 are due for UCART19 Products and Subsequent Products and UCART [***] Products.
However, subject to Section 3.1, and except for UCART19 [***], and any other UCART19 Products, UCART19 Subsequent Products and UCART19 Substitute Products, Servier may request Cellectis to perform certain Development activities after Phase 1, on behalf of Servier and subject to a separate written agreement that will be negotiated by the Parties in good faith.
For sake of clarity, except for UCART19 [***], and any other UCART19 Products, UCART19 Subsequent Products and UCART19 Substitute Products Cellectis (or its designee, under Cellectis’ responsibility) shall use diligent efforts to perform the technology transfer to Servier, its US Partner or its Designee necessary for Servier to conduct the manufacturing of each Product.
The Term shall expire on the date this Agreement has expired in its entirety with respect to all Licensed Products and all Subsequent Products in all countries in the Territory.
The number of achievements of such milestone events by Next Generation Products shall not be taken into consideration when determining Genentech’s payment obligations under this Section 7.5 nor shall the number of achievements of such milestone events by Subsequent Products be taken into consideration when determining Genentech’s payment obligations under Section 7.3(b).
Section 4.3 of the Agreement is hereby amended to delete the existing table and replace it with the following three tables: For […***…]93 Products: Development Milestone Event Development Milestone Payment Product 1 Development Milestone Payment for Subsequent Products […***…]94 $[…***…]95 $[…***…]96 […***…]97 $[…***…]98 $[…***…]99 […***…]100 $[…***…]101 $[…***…]102 77 Competitive Information – Financial Provisions.
For clarity, Genentech shall be responsible for paying the development milestone payments for each of the first [*] Subsequent Products to achieve each development milestone event set forth in Section 7.3(b) (subject to the [*]).