AST-005 Sample Clauses

AST-005. If Licensee provides notice to Licensor that Licensee decides not to continue to Develop and Commercialize AST-005 following Option exercise and that Licensee reverts its rights relating to TNF-α Target (including all related TNF-α Development Candidates, including AST-005) to Licensor, then all rights to TNF-α Target (including all related TNF-α Target Development Candidates, including AST-005) will revert to Licensor along with any intellectual property developed by Licensee covering such TNF-α Development Candidates or any method of use or method of manufacture of such TNF-α Target Development Candidates; provided, however, that such rights will not revert if Licensee’s notice of its decision not to continue to Develop and Commercialize AST-005 following Option exercise states that Licensee wishes to continue to Develop new TNF-α Target Development Candidates for TNF-α Target, in which case, subject to the limitations on the obligations of Licensor as set forth in Section 2.5, Licensor will continue to perform such Development, at Licensee’s expense, and Licensee shall retain exclusivity of TNF-α Target. (c)
Sample 1
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AST-005. If the Licensee does not exercise the AST-005 Option in accordance with Section 3.2(c)(iii)(B), the rights to AST-005 shall only revert to Licensor if the TNF-α Target reverts pursuant to Section 2.10 (by way of 3.2(d)(i) applying mutatis THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”.
Sample 1

Related to AST-005

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