TT Term definition
Examples of TT Term in a sentence
Subject to the terms and conditions of this Agreement, Codexis hereby grants to Merck [***] annual options, exercisable within the Improvements TT Term and [***] thereafter at Merck’s sole discretion in accordance with Section 3.5.2, to acquire the rights described in Section 3.5.3, which options shall be exclusive as to the Merck Exclusive Field and non-exclusive in the Merck Non-Exclusive Field (each, an “Option”).
During the Improvements TT Term and for [***] thereafter, if Merck exercises an Option with respect to any Option Improvements, Codexis shall make its Scientific Lead reasonably available to provide telephonic or web-based advisory technical support and assistance to Merck in Merck’s practice of the Platform Technology and such Option Improvements.
The JSC shall be automatically disbanded upon the TT Term Expiration or the earlier termination of this Agreement; provided that the Parties may, by mutual written agreement, extend the term of the JSC for additional one (1) year periods after the expiration of the TT Term with a separate mutual written agreement required for each such one (1) year extension.
In the event that errors and/or omissions in the Technology Transfer Plan are discovered by Merck and/or Codexis during the TT Term and the Parties agree to update the Technology Transfer Plan pursuant to any reasonable scientific rationale agreed between the Parties to enable Merck to practice the Platform Technology, the Parties shall then update the Technology Transfer Plan accordingly.
The Parties shall perform the Technology Transfer in Waves during the TT Term pursuant to the timelines and in accordance with the responsibilities allocated under the Technology Transfer Plan.
The Parties shall perform the Technology Transfer during the TT Term pursuant to the timelines under the Technology Transfer Plan.
Within [***] days after the end of the Calendar Quarters ending June 30 and December 31, during the TT Term, GSK shall disclose to Codexis’ Alliance Manager [***] Arising GSK Enzyme Technology and Arising GSK Process Technology, if any.
The Patent Committee shall endure beyond the expiration of the TT Term and shall automatically renew on a year-to-year basis.
If GSK terminates this Agreement in its entirety pursuant to this Section 11.7 during the TT Term, GSK shall pay to Codexis the applicable termination payment set forth in this Section 11.7.
Content may not be used as part of a compilation unless additional rights are specified on a T&T Term Sheet or separate agreement.