Common use of Determination that Milestones Have Occurred Clause in Contracts

Determination that Milestones Have Occurred. Licensee shall notify MedImmune promptly of the achievement of each of the events identified as a milestone in Section 5.2.1 or Section 5.2.2. In the event that, notwithstanding the fact that Licensee has not provided MedImmune such a notice, MedImmune believes that any such milestone has been achieved, it shall so notify Licensee in writing and the Parties shall promptly meet and discuss in good faith whether such milestone has been achieved. Any dispute under this Section 5.2.3 regarding whether or not such a milestone has been achieved shall be subject to resolution in accordance with Section 11.5.

Appears in 3 contracts

Samples: License Agreement (Kiniksa Pharmaceuticals, Ltd.), License Agreement (Kiniksa Pharmaceuticals, Ltd.), License Agreement (Kiniksa Pharmaceuticals, Ltd.)

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Determination that Milestones Have Occurred. Licensee shall notify MedImmune promptly of the achievement of each of the events identified as a milestone in Section 5.2.1 5.2(i), (iii), (vi) or Section 5.2.2(vii). In the event that, notwithstanding the fact that Licensee has not provided MedImmune such a notice, MedImmune believes that any such milestone has been achieved, it shall so notify Licensee in writing and the Parties shall promptly meet and discuss in good faith whether such milestone has been achieved. Any dispute under this Section 5.2.3 5.2(viii) regarding whether or not such a milestone has been achieved shall be subject to resolution in accordance with Section 11.511.6.

Appears in 1 contract

Samples: License Agreement (Vir Biotechnology, Inc.)

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Determination that Milestones Have Occurred. Licensee shall notify MedImmune promptly of the achievement of each of the events identified as a milestone in Section 5.2.1 or Section 5.2.2Milestone Event. In the event thatIf, notwithstanding the fact that Licensee has not provided MedImmune such a notice, MedImmune believes that any such milestone Milestone Event has been achieved, it shall so notify Licensee in writing and the Parties shall promptly meet and discuss in good faith whether such milestone Milestone Event has been achieved. Any dispute under this Section 5.2.3 4.3.3 regarding whether or not such a milestone Milestone Event has been achieved shall be subject to resolution in accordance with Section 11.510.5.

Appears in 1 contract

Samples: License Agreement (Aridis Pharmaceuticals, Inc.)

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