Common use of Initial Transfers Clause in Contracts

Initial Transfers. On a Collaboration Target-by-Collaboration Target basis, no later than (a) for [***], [***] after the Effective Date and (b) for each new Collaboration Target, [***] after the applicable target becomes a Collaboration Target pursuant to Section 2.1.1(b) (Second Wave 1 Target) or Section 2.1.4(c) (Effects if a Proposed Target is Available), each Party will transfer to the other Party all Ionis Licensed Technology or Licensed Technology (as applicable), with respect to [***], as of the Effective Date, or, with respect to Collaboration Targets that become such after the Effective Date, at the time that a target becomes a Collaboration Target, in each case, that is [***] to perform the activities allocated to the non-transferring Party under the Drug Discovery Plan for the applicable Collaboration Target. In addition, each Party will transfer to the other Party all Ionis Licensed Technology or Licensed Technology (as applicable) that is [***] for the non-transferring Party to perform the activities allocated to the non-transferring Party under the Exploratory Research Plan no later than [***] after the Effective Date. 3.

Initial Transfers. On a Collaboration Target-by-Collaboration Target basis, no later than (a) for [***], [***] after the Effective Date and (b) for each new Collaboration Target, [***] after the applicable target becomes a Collaboration Target pursuant to Section 2.1.1(b) (Second Wave 1 Target) or Section 2.1.4(c) (Effects if a Proposed Target is Available), each Party will transfer to the other Party all Ionis Licensed Technology or Licensed Technology (as applicable), with respect to [***], as of the Effective Date, or, with respect to Collaboration Targets that become such after the Effective Date, at the time that a target becomes a Collaboration Target, in each case, that is [***] to perform the activities allocated to the non-transferring Party under the Drug Discovery Plan for the applicable Collaboration Target. In addition, each Party will transfer to the other Party all Ionis Licensed Technology or Licensed Technology (as applicable) that is [***] for the non-transferring Party to perform the activities allocated to the non-transferring Party under the Exploratory Research Plan no later than [***] after the Effective Date. 3.