Common use of Development Candidates Clause in Contracts

Development Candidates. If the Executive Committee determines ---------------------- that any Product Configuration meets the Pre-Clinical Development Criteria, and agrees to commence Pre-Clinical Activities with respect to such Product Configuration, then such Product Configuration shall be deemed to be a "Development Candidate". Product Configurations which are not designated as Development Candidates as set forth above may not become Collaboration Products; provided, any Product Configuration which was not previously selected as a Development Candidate may become a Development Candidate with the agreement of the Executive Committee.

Appears in 2 contracts

Samples: Development and Collaboration Agreement (Genvec Inc), Development and Collaboration Agreement (Genvec Inc)

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Development Candidates. If the Executive Committee determines ---------------------- that any Product Configuration meets the Pre-Clinical Development Criteria, and agrees to commence Pre-Clinical Activities with respect to such Product Configuration, then such Product Configuration shall be deemed to be a "Development Candidate". Product Configurations which are not designated as Development Candidates as set forth above may not become Collaboration Products; provided, any Product Configuration which was not previously selected as a Development Candidate may become a Development Candidate with the agreement of the Executive Committee.

Appears in 2 contracts

Samples: Development and Collaboration Agreement (Genvec Inc), Development and Collaboration Agreement (Genvec Inc)

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