Common use of First Commercial Sale Clause in Contracts

First Commercial Sale. Licensee agrees to have Licensed Product available for commercial use or sale no later than . Upon the First Commercial Sale of the Licensed Product, until the expiration of this Agreement, Licensee must continue to use its reasonable best efforts to keep Licensed Product reasonably accessible to the public.

Appears in 3 contracts

Samples: For Discussion Purposes Only, For Discussion Purposes Only, For Discussion Purposes Only

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First Commercial Sale. Licensee agrees to have use commercially reasonable efforts to cause the first Licensed Product to be available for commercial use or sale no later than . the corresponding date set forth in Appendix C. Upon the First Commercial Sale of the Licensed Product, until the expiration of this Agreement, Licensee must continue to use its commercially reasonable best efforts to keep Licensed Product reasonably accessible to the public. The efforts of a Sublicensee or an Affiliate will be considered the efforts of Licensee.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Sana Biotechnology, Inc.)

First Commercial Sale. Licensee agrees to have Licensed Product available for commercial use or sale no later than December 31, 2026. Upon the First Commercial Sale of the Licensed Product, until the expiration of this Agreement, Licensee must continue to use its reasonable best efforts to keep Licensed Product reasonably accessible to the public.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Panther Biotechnology, Inc.)

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First Commercial Sale. Licensee agrees to have Licensed Product available for commercial use or sale no later than September 30, 2018. Upon the First Commercial Sale first commercial sale of the Licensed Product, until the expiration of this Agreement, Licensee must continue to use its reasonable best efforts to keep Licensed Product reasonably accessible to the public.

Appears in 1 contract

Samples: License and Commercialization Agreement (Dubuc Motors Inc.)

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