Tanabe's Designation as Lead Compound Sample Clauses

Tanabe's Designation as Lead Compound. Tanabe may, upon written notice to OSI, designate any Compound as a Lead Compound at any time during the Contract Period and, subject to the provisions of Section 8.4.1(c), the Remaining-Right Period, provided that such Compound has resulted from the Drug Discovery Phase. In such case, OSI shall transfer the Materials of the Lead Compound to Tanabe and Tanabe shall initiate the Early Development Phase with respect to such Lead Compound within ** after such transfer, which initiation shall be deemed to be an exercise by Tanabe of the option granted to it in Section 5.1.1. --------------------- ** This portion has been redacted pursuant to a request for confidential treatment.
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Related to Tanabe's Designation as Lead Compound

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  • SOURCE CODE ESCROW FOR LICENSED PRODUCT If Source Code or Source Code escrow is offered by either Contractor or Product manufacturer or developer to any other commercial customers, Contractor shall either: (i) provide Licensee with the Source Code for the Product; or (ii) place the Source Code in a third party escrow arrangement with a designated escrow agent who shall be named and identified to the State, and who shall be directed to release the deposited Source Code in accordance with a standard escrow agreement acceptable to the State; or (iii) will certify to the State that the Product manufacturer/developer has named the State, acting by and through the Authorized User, and the Licensee, as a named beneficiary of an established escrow arrangement with its designated escrow agent who shall be named and identified to the State and Licensee, and who shall be directed to release the deposited Source Code in accordance with the terms of escrow. Source Code, as well as any corrections or enhancements to such source code, shall be updated for each new release of the Product in the same manner as provided above and such updating of escrow shall be certified to the State in writing. Contractor shall identify the escrow agent upon commencement of the Contract term and shall certify annually that the escrow remains in effect in compliance with the terms of this clause. The State may release the Source Code to Licensees under this Contract who have licensed Product or obtained services, who may use such copy of the Source Code to maintain the Product.

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