Arena Obligations Clause Samples

Arena Obligations. Arena shall apply its CART Technology to the Alliance Receptor Pool GPCRs in the order prioritized by the Steering Committee. Following application of CART Technology thereto, the CART Technology Alliance GPCRs provided by Arena to Lexicon shall be in a form appropriate for use by Lexicon as contemplated herein. All costs borne and liability by Arena for Arena Obligations shall be the obligation of Arena. For each Alliance Receptor Pool GPCR, and in the order established by the Steering Committee, Arena shall use best reasonable commercial efforts to complete prior to the establishment of the animals of Section 1(B)(4): development of screening assays comprising the CART Technology Alliance GPCR; screening of Arena's internal chemical library using assays comprising the CART Technology Alliance GPCR; and selection of at least one chemical compound for in vivo analysis ("In Vivo Compounds - Alliance"). Arena shall use best reasonable commercial efforts to provide sufficient quantities of such In Vivo Compounds - Alliance to Lexicon for in vivo analysis thereof, such in vivo analysis by Lexicon to be restricted exclusively to the animals of Section 1(B)(4).