Target Cap definition

Target Cap has the meaning set forth in Section 2.3.2(a).
View Source
Target Cap has the meaning set forth in Section 5.4(c).
View Source

Examples of Target Cap in a sentence

  • Collaboration Targets continue to be included as Vertex Targets for purposes of the Target Cap.

  • In the event that the Regeneron Target Cap is increased [***], Intellia shall be awarded the right to exercise an Intellia Option [***].

  • The Parties hereby agree and acknowledge that the Target set forth on Schedule 5.1(e)(iii)(the “[***] Target”) shall be treated as an Intellia Liver Target (including, for clarity, to count as one (1) Regeneron Target towards the Regeneron Target Cap) for which Regeneron has exercised a Regeneron Option pursuant to Section 5.1(e)[***].

  • In the event that [***], the Regeneron Target Cap shall be increased to [***] for purposes of this Agreement and Regeneron shall have the right to select additional Targets in accordance with this Section 4.2 up to such increased Regeneron Target Cap.

  • For clarity, in the event that AZ requests that Silence commence a single Research Plan with a view to advancing a Licensed Product directed to [***] Selected Targets, then each Selected Target to which such Licensed Product is to be directed shall count separately towards the Selected Target Cap and each of the limitations set forth in this Section 3.8; provided that [***].

  • In the event that the Selected Target Cap is reached before the expiration of such Initial Selected Target Cap Period, then AZ shall have a freely exercisable option (the “Selected Target Cap Option”), exercisable on written notice to Silence, to increase the Selected Target Cap from five (5) Selected Targets to ten (10) Selected Targets, provided that all such ten (10) Selected Targets are designated pursuant to Sections 3.1 to 3.5 within [***] years of the Effective Date.

  • AZ will use its Commercially Reasonable Efforts to designate all such five (5) Selected Targets within [***] years of the Effective Date, or such other time as may be mutually agreed in writing by the Parties (together, the “Initial Selected Target Cap Period”).

  • Notwithstanding the foregoing, the Parties agree and acknowledge that the Regeneron Target Cap is subject to increase pursuant to Section 4.2(c).

  • Each Regeneron EH Collaboration Target shall be considered a Regeneron Target independent of and without regards to the Target Selection Period and any such Regeneron EH Collaboration Target will not count against the Regeneron Target Cap, but such Target shall count as one (1) of the [***] Non-Liver Targets permitted to be Regeneron Targets under this Agreement.

  • The Enhancement Benefit may be changed by modifying the Enhancement Percentage, the Enhancement Target Cap Factor and/or the Enhancement Excess Cap Factor.

Related to Target Cap

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 82.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Overcollateralization Floor.