Upfront Option Fee definition

Upfront Option Fee is defined in Section 4.2.
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Upfront Option Fee has the meaning set forth in Section 9.2.1.
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Examples of Upfront Option Fee in a sentence

  • At any time following payment by Novartis of the Upfront Option Fee under Section 3.2, subject to Section 11.3 below, Novartis will be entitled to terminate this Agreement in its entirety or in part on a Product-by-Product basis for convenience by providing [***] ([***]) calendar days written notice to Akcea of such termination.

  • The exercise price for the option for Asia shall be [**], against which [**] of the Upfront Option Fee shall be credited.

  • The Upfront Option Fee will be payable no more than once for each Program Target.

  • Notwithstanding anything to the contrary in the Akcea-Ionis Agreement, in lieu of 50% of the Upfront Option Fee, Akcea will pay to Ionis US$15,000,000 of the Upfront Option Fee.

  • Within [***] ([***]) [***] after the Effective Date Licensee shall notify Inhibrx if it desires to include any Ongoing Programs as New Programs and exercise the Option with respect to such New Program(s), and after such notification and Licensee’s receipt of Inhibrx Know-How in accordance with Section 2.5.1, Licensee shall pay to Inhibrx the Upfront Option Fee and Option Exercise Fee for each Ongoing Program that becomes a New Program.

  • The upfront payment will serve as the Upfront Option Fee for the Initial Programs listed on Exhibit 2.2.1.

  • The exercise price for the Option for Asia shall be ***, against which *** of the Upfront Option Fee shall be credited.

  • Upon MEDcell’s exercise of the Option and payment of the Upfront Option Fee, unless otherwise agreed by Argos in writing, the CMO License (i) shall be used by MEDcell solely to supply MEDcell or its Related Parties with Licensed Product for Commercialization in the Territory in the Field, and (ii) shall include the right to grant sublicenses as provided in Article 4 below.

  • Prior to MEDcell’s exercise of the Option and payment of the Upfront Option Fee, unless otherwise agreed by Argos in writing, the CMO License (i) shall be used by MEDcell solely to supply Argos or its designee with Licensed Product for Commercialization in the Territory, and (ii) shall not be sublicensable to Third Parties.

  • Upon Medinet’s exercise of the Option and payment of the Upfront Option Fee, unless otherwise agreed by Argos in writing, the CMO License (i) shall be used by Medinet solely to supply Medinet or its Related Parties with Licensed Product for Commercialization in the Territory in the Field, and (ii) shall include the right to grant sublicenses as provided in Article 4 below.