Common use of Initial Product Clause in Contracts

Initial Product. Unless otherwise specified in the applicable Development Plan, this Agreement or the LLC Agreement, subject to Section 5.7(b)(ii), each Operating Party shall bear ************ costs and expenses incurred in connection with its respective Development Activities with respect to the Initial Product, as such costs are incurred. Notwithstanding the foregoing, LFB Biotech shall purchase from GTC quantities of the Initial Product for the conduct of the LFB Biotech Development Activities in the European Territory and the Co-Exclusive Territory pursuant to the applicable Development Plans, as set forth in Article 7.

Initial Product. Unless otherwise specified in the applicable Development Plan, Plan or this Agreement or the LLC Agreement, subject to Section 5.7(b)(ii), each Operating Party shall bear ************ costs and expenses incurred in connection with its respective Development Activities with respect to the Initial Product, as such costs are incurred. Notwithstanding the foregoing, LFB Biotech shall purchase from GTC quantities of the Initial Product for the conduct of the LFB Biotech Development Activities in the European Territory and the Co-Exclusive Territory pursuant to the applicable Development Plans, as set forth in Article 7.