Lilly Option Sample Clauses
Lilly Option. Generex herein grants Lilly an option to obtain the exclusive right to research, develop and commercialize either one or both of the Option Compounds. Generex and Lilly shall negotiate in good faith an agreement to govern the development and commercialization of any Product(s) containing such Option Compounds(s).
Lilly Option. NextCure hereby grants to Lilly the exclusive right, exercisable at Lilly’s sole discretion in accordance with Section 4.2.2, to elect to obtain the licenses set forth in Sections 7.1.2 with respect to all Collaboration Compounds and Products Directed to a Collaboration Target that is the subject of an applicable Compound Discovery Plan, (each such right to elect, a “Lilly Option” as to the applicable Collaboration Target); provided that Lilly shall only be entitled to exercise its option to [***] Collaboration Targets. Upon exercise of a Lilly Option, the elected Collaboration Target shall be deemed a “Lilly Target” hereunder.
Lilly Option